The post Former WEMIX CEO Unveils CROSS: A Token-Enabled Gaming Platform appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ January 7, 2025 7:25 pm