Henry Chang, the former CEO of WEMIX and current co-CEO of Action Square, has announced the launch of CROSS, a groundbreaking token-enabled gaming platform. Taking to the X platform, Chang emphasized that blockchain and tokenomics will become integral to gaming, allowing each game to issue its own tokens to enhance the gaming experience.
The platform has issued its first coin on Ethereum with a fixed supply of 1 billion tokens, with no additional minting planned, ensuring scarcity and long-term value. Chang believes this marks a pivotal shift for the gaming industry, paving the way for a future where blockchain integration is standard practice.
What is CROSS?
1. Token-Enabled Gaming Ecosystem
- CROSS enables games to issue their own tokens, integrating blockchain technology directly into their economies.
- These tokens can be used to enhance gameplay, reward players, and create in-game economies that mirror real-world value systems.
2. Key Features
- Fixed Supply: The first CROSS token has a total supply of 1 billion, ensuring scarcity.
- Built on Ethereum: Leveraging the security and reliability of the Ethereum blockchain.
- No Further Minting: The immutable token supply aligns with principles of decentralization and trust.
Henry Chang’s Vision for Blockchain Gaming
Chang predicts that tokenomics will become a self-evident necessity for gaming:
- Enhanced Gameplay: Tokens can be integrated into gameplay, offering new dimensions of engagement.
- Player Ownership: Gamers can truly own in-game assets, creating a more immersive and rewarding experience.
- Decentralized Economies: With every game issuing its own tokens, players can participate in peer-to-peer economies, driving demand and innovation.
The Role of Tokenomics in Gaming
Tokenomics refers to the integration of blockchain-based tokens into the gaming economy, offering players and developers new opportunities:
| Benefits for Players | Benefits for Developers |
|---|---|
| True ownership of assets | Enhanced monetization models |
| Ability to trade in-game items | Decentralized economy management |
| Earning while playing | Incentivized user engagement |
How CROSS Could Revolutionize Gaming
1. Scalability Across Titles
- The CROSS platform provides a scalable solution for developers, allowing seamless token integration into various game genres.
2. Interoperability
- Tokens issued by games can be interoperable across the CROSS ecosystem, enabling cross-game asset utilization.
3. Community-Driven Development
- By introducing decentralized governance through tokens, developers can involve players in decision-making processes.
Comparison: Traditional vs. Token-Enabled Gaming
| Traditional Gaming | Token-Enabled Gaming |
|---|---|
| Centralized in-game economies | Decentralized token-based economies |
| Limited player ownership | Full player ownership of assets |
| Closed marketplaces | Open, interoperable marketplaces |
| Revenue focused on developers | Shared revenue models with players |
CROSS and the Future of Gaming
Chang’s CROSS represents a significant leap forward for blockchain gaming. Here’s what the future might hold:
1. Mass Adoption of Blockchain in Gaming
- As major studios experiment with blockchain, token-enabled gaming could soon become mainstream.
2. Bridging Web2 and Web3 Gaming
- CROSS provides a stepping stone for traditional gaming companies to integrate Web3 features without overhauling their existing systems.
3. Creation of a Unified Gaming Economy
- Interconnected games using CROSS tokens could create a unified gaming economy, where assets and currencies flow freely.
FAQs
What is CROSS?
CROSS is a token-enabled gaming platform that allows games to issue their own tokens, enhancing gameplay through blockchain-based economies.
Who is behind CROSS?
Henry Chang, former CEO of WEMIX and current co-CEO of Action Square, is leading the initiative.
What makes CROSS unique?
The platform’s fixed token supply and commitment to no additional minting ensure scarcity and long-term value for its ecosystem.
Why is blockchain important for gaming?
Blockchain enables true asset ownership, decentralized economies, and the ability to trade or transfer in-game items freely.
What’s next for CROSS?
Chang plans to onboard game developers and expand the ecosystem, promoting blockchain integration across various gaming genres.
Conclusion
The
launch of CROSS by Henry Chang signals a new era in gaming, where blockchain and tokenomics become central to player engagement and developer innovation. By enabling games to issue their own tokens, CROSS offers a scalable, decentralized platform that promises to revolutionize the gaming industry.
As blockchain adoption grows, platforms like CROSS could redefine how games are developed, played, and monetized, bringing us closer to a future where player ownership and decentralized economies are the norm. With its fixed token supply and focus on Ethereum, CROSS is poised to set new standards for blockchain-enabled gaming.
To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
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