New Ethereum Project Targets Video Game Items To Tokenize
New Ethereum Project Targets Video Game Items To Tokenize

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The ability to create decentralized applications (DAPPs) is considered one of the most promising applications for block chaining technology.

Palm, a new Ethereum-based project, aims to give developers the ability to identify in-game assets in traditional video games.

Using the Palm, developers can connect to the popular game development tool Unreal Engine, an intelligent contract that runs on the EtherExe block chain. In-game items can then be configured as ERC-721 tokens, unlike the ERC-201 tokens, unlike the ERC-20 tokens (CryptoKitties using ERP-721 tokens).

Players who buy in-game items will have autonomy to remove their ERC-721 tokens from the game – like withdrawing money from a crypto currency exchange – and selling them to other players or even transferring them to other video games that are used in concert – the cashier system.

Palm was created by Tim Clancy of the University of Pennsylvania, who said that Blockinsider started experimenting with Solidity, the programming language used by the ethical smart contracts, for the first time since working with the Penn Blockchain Club.

“As a player and a blockbuster, I want to see this kind of integration go away. Clancy, imagine that you can bring your favorite weapon or virtual hat from one game to another, “he said. “The idea is not yet in its infancy, but I’m sure some developers will find more clever ways to integrate with the block chain.”

A convincing point for convincing developers to use a system of this sort is that the Palm is somewhat opposite to the current business model of microprocessing, where it is sold in a walled garden to maximize all profits.

Clancy, however, agrees that Palm is an “academic exercise,” and at the same time believes that a system like this can win traction when independent studios begin experimenting with cross-game assets.

“Both indie and big game studios are taking advantage of the underlying Ethereum blockchain,” he said. “Instead of spending time developing their own product sales platforms, developers can easily distribute product sales contracts and rely on the accuracy of the underlying block.”

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