Cointelegraph reported on December 16 that American multinational IT company AMD (Advanced Micro Devices) has joined the Blockchain Game Alliance and has established two new partnerships to help advance blockchain technology Application in the industry.
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A press release on December 12 revealed that the chip manufacturing giant is working with blockchain technology providers Robot Cache and ULTRA, both of which are committed to developing and operating the blockchain-based online gaming market. . These markets are designed to establish new and secure buying options and distribution channels for game publishers and users.
The Blockchain Game Alliance is an organization dedicated to adopting blockchain technology in games.The organization promotes the use of blockchain in games by establishing common standards, promoting networking and knowledge sharing, and encouraging cooperation and implementing best practices. .
According to reports, AMD was the first major hardware manufacturer to join the alliance. Other members of the alliance include Enjin token creator Fig and senior blockchain game developer EverdreamSoft.
According to the press release, these two markets will integrate a range of uses for AMD's graphics and processor technology, including serving their back-end servers and blockchain infrastructure. According to reports, AMD's Ryzen processors and Radeon graphics cards are designed to provide the best encrypted computing performance.
AMD claims that its CPU and GPU technology will be a powerful engine for compute-intensive blockchain and gaming workloads. The hardware maker will also provide strong security measures to help protect digital content from a range of online attacks.
Earlier this year, AMD's gross margin exceeded market expectations, and its Ryzen and EPYC processors and data center GPU revenue more than doubled year-over-year.
Games as the entrance to the blockchain
In addition to plans such as the Blockchain Game Alliance, some well-known companies in the gaming industry have signed multiple licensing agreements with new blockchain companies, including Tetris developers and Pac-Man games (Pac Man) developer Atari, who has signed a contract with blockchain gaming startup Animoca.
In February 2018, after Atari announced that it would invest in cryptocurrencies, its stock price surged by more than 60%.
In March of this year, the world-famous Formula One Championship (Formula 1) also granted brand rights to Animoca through a global licensing agreement, paving the way for the startup to develop a blockchain-based F1 Delta Time game. In November of this year, F1 Delta Time hosted an auction of digital collectibles—F1 car brand non-homogeneous tokens (NFT) —with a starting price of 30 ETH per token.
Ethereum co-founder Vitalik Buterin has previously stated that NFT and games are a field with development potential that can help blockchain technology gain influence beyond financial applications.