'Revolutionary' crypto to shake up gaming industry
A "revolutionary" cryptocurrency is promising to shake up the multi-billion-dollar gaming market by allowing players to earn real money from their gaming tokens.
Created in 2017, ULTICoin is a cryptocurrency built on Ethereum blockchain that implements and manages in-game virtual currencies.
It can be used in any game and across platforms including PC, mobile and video game consoles.
"ULTI is a revolutionary coin, with a potential to shake up the gaming industry," said PR consultant Stefania Barbaglio.
"ULTI allows gamers to trade their in-game assets for valuable cryptocurrencies such as Bitcoin, Ethereum, Litecoin and eventually exchange it for fiat currencies that can be used in the 'real world'.
"ULTI turns gaming into a profitable activity: Gamers can focus on doing what they love whilst creating value to themselves and the market."
Numbers indicate there are more than 25,000 e-gaming platforms worldwide, generating between $20 billion and $40 billion in revenue.
ULTI says it wants to capture a slice of that market through establishing partnerships with gaming companies including EA Games, XBOX and Nintendo, as well as integrating ULTI into multiple gaming platforms.
The coin is already listed on more than 10 cryptocurrency exchanges around the world and the team is currently in talks with other partners to increase listings and partnerships.
In the first quarter of 2019, ULTI expects to finalise its initial coin offering (ICO) and launch its token crowd sales.