August 5, 2021

E3 2021, Blockchain and Crypto: What’s New At This Year’s Show

3 min read

After being missing last year due to Coronavirus, E3 is lastly back. And it’s not a surprise that the occasion brings with itself news associated to video gaming, blockchain and crypto.

This article will shed light on every motion associated to cryptocurrency and NFTs around the E3 2021 occasion. First off is the NFT-powered video game, Blankos Block Party.

Blankos Block Party At E3 2021

Legendary Games is a pioneer of the idea of utilizing NFTs in games. Their games carry out characters as NFTs so that all characters are special, and players can trade them nevertheless they like.

Their most current title is Blankos Block Party, an open-world multiplayer game where all game characters are authenticated utilizing NFTs.

The developer showed a preview of the video game at this year’s E3 conference, and subsequently introduced an early-access variation of the game, currently only offered on the PC platform.

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The gameplay involves the player making the characters through particular in-game activities, and trading them in the marketplace with other gamers.

The game has fund raised $120 million up until now, which definitely reveals the interest in the application of NFTs in games.

Nvidia’s CEO Jensen Huang On Blockchain

During this E3 season, VentureBeat had an interview with Jensen Huang where they talked about numerous subjects, consisting of blockchain and Ethereum.

When asked about the current demand problems, the Nvidia CEO commented that the reason cryptocurrencies use their GPUs is due to the fact that they are the most efficient approach.

The reason why Ethereum picked our GPUs is since it’s the largest network of distributed supercomputers worldwide. It’s programmable. When Bitcoin first came out, it utilized our GPU.

Jensen likewise said he is thrilled about Proof of Stake, which Ethereum is the best opportunity for Proof of Stake to shine as it’s a recognized and trustworthy platform.

It’s legitimate. It’s developed. There’s a lot of credibility. It works well. A lot of people depend on it for DeFi and other things. This is a great time for proof of stake to come.

He likewise believes that Ethereum will only continue to be more valuable as ETH 2.0 takes hold.

There’s a future where the processing of these transactions can be a lot quicker, and due to the fact that there are a lot of individuals developed on top of it now, Ethereum is going to be important.

Ethereum is up 3.96 % in the past 24 hours|Source: TradingView GTA

6 Could Feature Cryptocurrencies According to a current rumor by the reputable game leaker Tom Henderson, Rockstar's next installment in the GTA series might feature a few different cryptocurrencies.

I heard recently that in GTA 6, some objectives will reward you in bitcoin rather of money for completing some objectives.

The idea is to include cryptocurrencies as rewards for finishing missions, and make them offered through an in-game broker.

Associated Reading|Nvidia: Ethereum's PoS Upgrade Will Set Back Graphics Card Demand

Just like any rumour, it's best to take it with a grain of salt. The highly-anticipated GTA 6 may appear at this E3 so be on the lookout for it.

Included image from https://e3expo.com/, chart from TradingView