BlockTribune Thu, 09 Jan 2020 10:10:04 GMT language
Blockchain gaming studio Cogito has announced the official launch of the world’s first decentralized autonomous game (DAG).
Based in Hong Kong, Cogito is a entertainment studio dedicated to developing and publishing blockchain-based games. The company leverages a joint platform and content model in order to enable an inclusive game entertainment industry to the benefit of developers, publishers, and users alike.
The company’s new decentralized autonomous game, called Horseman GO, is an end-to-end virtual horse racing game deployed on the EOS public blockchain. Players will be responsible for constructing their own ranches in order to breed, cultivate, and train horses for racing.
According to the company, Horseman GO is designed to challenge the existing inadequacies of modern-day online games which are centralized by design. The game addresses the imbalance between game developers, network operators, and players observed in the industry today. With in-game assets such as horses and other core resources put on the blockchain, players are able to safely purchase, trade, and ensure the provenance of these assets which now have real-world value as part of a digital in-game economy.
“From the irrefutable success of CryptoKitties in 2017, we’ve seen that the blockchain gaming ecosystem has yet to significantly innovated since then, with today’s games bogged by laggard network speeds and the inability to retain players,” said Cogito Founder Kevin Yu. “With the potential for blockchain to allow for greater transparency and safety for players who look to monetise in-game assets, we wanted to create a game that took this idea of ownership a step further.”
The company said that the DAG will be fully self-operational and self-managing with players determining how the in-game ecosystem will evolve over time.
“As the first game of its kind, Horseman GO proposes an innovative model of gameplay, distinguished by a self-functioning economy determined for players by the players themselves,” Yu said. “Designed wholly with the spirit of decentralisation in mind, we hope to foster an ecosystem that encourages players to be fully invested in the creation of the Horseman GO ecosystem, empowered by the emphasis on community inclusion and accountability for its growth.”
The ultimate goal of the company is to deploy the DAG on selected public blockchains across the wider industry ecosystem. This year, the Cogito team will be working on engaging wallet providers to explore the creation of a revenue distribution ecosystem along with other custom features within the gameplay to ensure user retention.Thu, 09 Jan 2020 10:10:04 GMT language