EOS-Based Game Featured on Chinese TV, Critics Warn of Centralization

Asia Blockchain Review
September 10, 2019
EOS-Based Game Featured on Chinese TV, Critics Warn of Centralization

Cryptocurrency EOS has gained publicity thanks to a Chinese TV show that featured the blockchain-based game Crypto Sword & Magic, as reported by Cryptocurrency News.

The virtual currency and the game were discussed in “ICS Money Talks”, the only English-language business TV program in China, sharing the experts’ views towards the massive growth and potential of blockchain gaming.

Crypto Turns Pastime into Source of Lucrative Income

Crypto gaming has become a new source of income for dedicated gamers, as well as visionary traders. Crypto trader Ricky Shi asserted that with tokenization in games, gaming is no longer just a hobby, but a market in which players can actually capitalize.

“I have spent a lot on blockchain games, more than ¥100,000 (~$14,000) but only few cryptocurrency tokens. You don’t realize you paid a lot because you only need a few tokens to play a game. But those tokens can be worth more than ¥10,000 (~$1,400),” Shi said.  

ICS also highlighted that the investment giant Tencent Holdings is rolling out blockchain-based AAA titles that aim to reward players for using blockchain features with digital assets. This reward system could push the adoption of blockchain as well as attract gamers to play blockchain games. 

Critics Wary of EOS Centralization in China

However, critics view the growth of EOS in China as a sign of the centralization of its leadership in the authoritarian country.

“We cannot continue to build dapps on EOS if the network is de facto centralized in the hands of the Chinese,” said Larry Sanger, Co-founder of Wikipedia and CIO of Everipedia. 

Sanger and other critics like American entrepreneur Brock Pierce allege that centralization, coupled with vote-buying allegations, risks corrupting EOS governance.

Source: https://www.ccn.com/ 


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