Hashed, a Korean blockchain project accelerator and investment fund, recently launched Hashed Labs, a startup program for founders focused on building decentralized applications that address real-world use cases.
The first major focus for the new accelerator looks to be blockchain gaming, as the Hashed team sees video games as one of the best applications of blockchain technology in its current form.
“This is why the marriage of blockchain and games will bring us a space for radical and liberal experiments. We anticipate that by investing in blockchain games, we will be embarking on a quest to find the ones who will discover new lands of civilization.” https://t.co/00G6gEu0Ug
— #Hashed (@hashed_official) April 3, 2019
In a recent blog post titled “Why Blockchain Games,” Hashed emphasized its interest in non-fungible tokens, in-game economies fueled by real-world value and decentralized networks, highlighting their importance to the future of gaming.
“We believe that games have always stood at the forefront of any new breakthrough in technology, whether it be the advent of the Internet or the dissemination of mobile devices,” said the Hashed team. “It is always the first to attract early adopters of new or experimental technology. Our belief is that blockchain won’t be any different and that games that take advantage of the characteristics of blockchain will gain early traction, with more diversified blockchain-based applications and services to follow.”
This news comes the same month that AltDex launched its Blockchain Gaming Index (ALTGME), a new index that focuses on coins and tokens directly related to blockchain gaming. Based on data from AltDex, the total blockchain gaming token market currently sits at around $488 million and includes major names like Enjin (ENJ) and Theta Token (THETA).
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.