9.2 C
May 25, 2019
Image default

OmiseGO (OMG) Rolls Out 2-D Video Game as Decentralized App

OmiseGo (OMG) said on Thursday that it had launched its first decentralized application (dApp), called Plasma Dog. The dApp, created by distributed ledger technology (DLT) company Hoard, is a 2-D video game that allows users to have ownership of in-game assets.

Hoard was working on the cryptocurrency project for several months to create a blockchain entertainment product, which enables gamers to trade Plasma Dog’s related develop. The game is first-ever live proof-of-concept dApp using OmiseGO’s Tesuji Plasma MVP, a Layer 2 scaling solution for Ethereum network. Hoard gives internal rewards in UTXO, which is a specially developed tokens for DevCon4, Chris Robison from Hoard wrote in a blog post.

“True ownership is enabled when players have full control of the content of their gaming experience, including their avatars, XP & skills, in-game items, maps, and other customizations,” Robison wrote.

“If a player has true ownership of these items, they are free to conduct all types of commerce with them — buy, sell, share, rent, trade, etc on both primary and secondary markets. Player should even be free to import their items from one game into another.”

Plasma Dog utilizes OmiseGO’s Plasma Chain Operator as a proof-of-authority (PoA) scheme and OMG’s internal testnet for validation.

“The design ensured that even if OmiseGO were to behave maliciously, all players would (theoretically, if Tesuji were connected to mainnet) be able to exit their assets to the main Ethereum rootchain (in this case, they could exit to the Tesuji testnet rootchain) without penalty, compromise, or loss of funds,” Robison explained.

OmiseGO, launched in 2013 by Jun Hasegawa, offers blockchain-based payment services. Its parent company is Omise.

Currently, OMG ranks number 23 in the cryptocurrency market capitalization list with $465.2 million in value. The coin changed hands at $3.32, which was 1.67% increase on a daily basis. The digital currency clocked $20 million in trading volume for the last day to 17:50 UTC on Monday.

Related posts

OmiseGo Partners With Singapore Ride Hailing App to Trial Blockchain Solutions


OmiseGo Denies Acquisition by Thailand’s Biggest Private Company


Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More