Taiwanese game developer Lgame has revealed that it is creating a blockchain platform targeted at both gamers and developers that will offer numerous features, including a game-banking system and a payment system similar to China’s ‘Alipay’.

Tackling Challenges in the Gaming Industry with Blockchain

For several years, developers in the blockchain community have focused their efforts on developing public chains. This has left the areas of protocol and application layers underdeveloped, and the gaming community lacks the tools to properly adopt blockchain technology.  

According to the Associated Press, Lgame recognized the issues that encumbered game developers in their efforts to use mainstream public chains and seized on the gap in the industry. With this initiative, the Taiwanese firm announced that it will offer one-stop integration services with a game-banking system for blockchain as well as an open payment system.

Blockchain Adoption in Three Phases

The Taiwanese developer disclosed that with this project, they will be introducing blockchain games as “Gaming as Investment.” The strategy is made possible with the use of gaming engine technology from Egretia, with mining modes and features. Users will also be able to carry out transactions using features from the Lgame OTC market, mini futures contracts, and Lgame Wealth Management.

The company will then launch the “Interstellar Payment System,” an open payment system that has drawn comparisons with Alipay. Moreover, the Lgame Foundation will also introduce a regulatory economic policy control unit, which will serve to administer IGOs in the Lgame community.

Finally, in the third phase, the firm will roll out Lgame modules and protocols to assist other related industry enterprises to expedite construction and expansion.

Source: https://www.apnews.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

• Telegram: https://t.me/asiablockchainreview
• Facebook: https://www.facebook.com/pg/asiablockchainreview
• Twitter: https://twitter.com/abr_blockchain
• LinkedIn: https://www.linkedin.com/company/asia-blockchain-review/
• Website: https://www.asiablockchainreview.com/
• Email: [email protected]
• Youtube: https://www.youtube.com/channel/UCMQ5CVu0c9-pMlwB8LUvkiA