Play games, earn money? That could work
HasteArcade brings the old school games arcade experience online but with a major twist; players can earn money for their success. With most eSports-style games you either beat the other player or garner points, which are, ironically, pointless. Haste Arcade rewards its winning players via a unique, patent-pending Instant Leaderboard Payout (ILP) which does exactly that. The three key pillars are:
- Get on the Leaderboard and get paid
- Microtransaction purchases and real-time payments
- In-game NFTs and other play-to-earn formats
The transactions are carried out courtesy of the BSV blockchain, thanks to its unbounded scaling, low cost, and transaction throughput capacity. Haste Arcade has also partnered with Fabriik, a digital financial services provider, whom through its Weave solution enables end-users to perform all actions of a crypto-to-crypto exchange in just three steps, which take around a minute, including onboarding, trade quotes, execution, and settlement, with confirmations fully managed. When delivered via API, clients can incorporate Weave into their existing user experience.
Weave initially supports seven cryptocurrencies including BSV, whose blockchain is used by both Haste Arcade and Fabriik, and this will soon be expanded to 19, along with the addition of fiat on/off-ramps.
For Haste Arcade, Fabriik’s integrated Weave API allows customers to seamlessly trade in real-time without needing to leave the application. Furthermore, customers don’t even need to use or install a new wallet, the Weave app will work with their existing wallet(s).
The availability of Weave via API gives complete control and flexibility of how the service is integrated into the user experience. Revenue share on all transactions makes the integration of Weave API a new revenue stream.
Fabriik supports the client throughout the entire integration process to ensure they can confidently offer the benefits of Weave to customers quickly and easily.
In short: The ability to provide BSV liquidity seamlessly in-app, so players can swap crypto without having to leave the game or the platform’s experience is a key benefit for gaming sites, along with low minimum trades of just US$5 in crypto.
Dan Wagner, CEO of HasteArcade, explains: “Being able to earn an incremental source of income as a gamer for doing something you’re good at and enjoy doing just for fun, is a very powerful concept. We wanted to offer players tangible rewards for their victories. So-called ‘bragging rights’ is all very well but doesn’t really mean anything unlike winning digital assets.”
He added: “This is also a powerful tool for game developers that offers an alternative source of monetization to traditional in-game ads, which no one likes. Fabriik Weave also enables us to scale, by allowing players to exchange other cryptos to BSV, so we can reach out to a broader crypto audience.
Up until now, Haste has been focused on developing the Arcade marketplace and ILP as a proof of concept within the BSV community, but their vision is for global mainstream adoption; to reach those casual, everyday gamers who play on their phone when they have a spare five minutes here and there. With ILP enabling micropayments and the ability to move money for a fraction of a cent, they are also looking to expand use cases to gamify any type of event.
Why the BSV blockchain for eSports?
No longer the exclusive domain of basement-bound teenagers or the guilty pleasure of countless adults, video games have fast become a massive market for mainstream entertainment, with competitive gaming – more frequently referred to as eSports – garnering widespread attention and driving growth across the industry.
In 2018, video games generated US$131 billion, with eSports a quickly growing vertical within that market as revenues topped US$1 billion for the first time. But it’s more than just current revenues and bottom-line figures that are getting investors excited, the potential for the sector is staggering.
Take Twitch, the video streaming platform favored by eSports broadcasters that reached unicorn status when sold to Amazon for US$970 million in 2014 – well before eSports even truly began to boom. Twitch averages more than 2.5 million concurrent viewers at any time while generating more than 1.7 billion hours of watched content every month.
As eSports as an industry continues to mature, more complementary businesses like Twitch are expected to emerge to capitalize on the wave of future revenue. In the blockchain space, use case examples are already beginning to emerge with solutions targeted at addressing issues in the space related to fairness and digital ownership, with others offering new ways to generate revenue.
For blockchain solutions to be effective in this space, their networks must be fast and able to handle significant volumes of large transactions – but able to do so on a cost-basis that makes financial sense for players and providers alike. Only Bitcoin SV has the requisite stability and scalability to provide the platform for blockchain-based eSports solutions.
As is clear to see, the potential growth is extremely exciting but also needs a very robust solution to manage the vast array of transactions and Fabriik Weave can offer that solution right now.
Haste, Inc was only founded in 2021 and has already seen over 500,000 gameplays. For more information and to see daily transaction volumes on Haste Arcade please visit BSVData.
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