Game distributor platform The Abyss and open-source blockchain system Waves are collaborating to release a blockchain-powered marketplace for in-game products and digital items. The partnership was revealed in The Abyss’ latest blog post.
First Gaming Platform for Decentralized Market
The Abyss, a digital distribution environment for online games, will hold the distinction of being the first gaming platform to use Wave’s blockchain-based system for developing a decentralized marketplace for all in-game goods and tradeable items. The products will be offered by partner game studios and developers through their respective games.
Gamers will be able to purchase products using Abyss Tokens. They can also sell their goods to other players, regardless of the game, it was bought from. This will give developers another avenue for monetizing their games on The Abyss platform.
Sasha Ivanov on the Topic
Waves Platform founder and current CEO Sasha Ivanov said they recognize the potential the $100 billion gaming industry has as a major use case for blockchain technology. The system also perfectly fits present gameplay mechanics and goods trading.
Ivanov emphasized their belief that the industry will be one of blockchain’s most enthusiastic adopters, and the platform’s collaboration with The Abyss will help push for its extensive use.
The sentiment is echoed by The Abyss founder Konstantin Boyko-Romanovsky. He said the integration of Waves technology to the digital distributor’s ecosystem will enable it to develop the best digital marketplace in the video game sector.
Romanovsky also pointed out that aside from boosting the adoption of blockchain, it will make the processing of trading transactions go faster.