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Game Developers Now Depend on Blockchain Technology More Than Ever

Newzoo, a leading market researcher, expects the global games market to grow by approximately 30 percent over the next three years. By 2021, the global gaming market is estimated to reach an astounding $180.1 billion. With that sort of market growth, it’s not surprising to see blockchain technology attempt to disrupt the industry.

Gaming market analysis typically starts by looking at the expected growth of gamers. And while that is certainly important, it’s also critical to look at changes that impact game developers and publishers. Their motivation and success are necessary to continue moving the industry forward.

Xsolla, a platform that has been in existence for more than a decade, has become a powerhouse in the gaming industry. While the platform began with the sole purpose of allowing players to acquire in-game items, it now claims 500 million users from over 200 countries and turnover of nearly $100 million per month.

And, critically for the adoption of digital currency in the gaming industry, Xsolla allows developers to withdraw earnings through fiat or MGO tokens, MobileGo’s native currency.

Game developers can be very small companies with just a few employees. However, more often than not, they are larger companies that depend on earnings to pay salaries, contractors, office space and state-of-the-art equipment. When developers withdraw via the traditional method of fiat, there can be expensive transactional fees and commissions that come along with that. Additionally, developers normally have to wait a bit of time (several days at a minimum) before receiving the fiat funds.

So, while blockchain technology’s impact on this space may not be totally revolutionary, it certainly is impactful. Developers can opt to withdraw their earnings via MGO tokens and eliminate the expensive fees and long delays commonly associated with fiat. MGO tokens now provide developers with a fast, easy-to-use and secure payout method.

While MGO is currently the only available cryptocurrency withdrawal method on Xsolla, there are sure to be others in the future.

Google Adds Bitcoin Symbol to iOS Keyboard

Source: Reddit

Google has added the Bitcoin symbol to its keyboard on iOS, making it one of several alternative currency symbols available when users hold down the dollar symbol key.

Germany Opens Industry Consultation Process for Blockchain Strategy

Source: Reuters

Ahead of announcing an official strategy for leveraging blockchain technology more widely, the German government has opened a process for receiving recommendations around the technology from local companies and industry groups. Germany is Europe's largest economy and Berlin is home to numerous blockchain startups. The solicited recommendations could lead to official legislative action in the near future.

In the Post ICO World, CoinList Prepares Crypto Projects for Investment

ICOs emerged quickly as a popular model for crypto startups to raise funds, exposure and customer interest. But the world of ICOs took a nasty turn in 2018, with many projects that used the model unable to deliver on their promises to investors or turning out to be downright phony.

NFTs: How They Work and How They’re Bridging Blockchains and the Collectibles Industry

The upcoming NFT.NYC event highlights the growing role that non-fungible tokens (NFTs) are playing in the crypto industry — and a growing intersection between crypto assets and collectibles.