Animoca Brands, a company specializing in digital entertainment, blockchain, gamification, and artificial intelligence, today announced that, via its acquisition of Helix Accelerator (Helix), it has entered into an agreement with Hedera Hashgraph to develop two distributed ledger-based gaming projects.
Hedera Hashgraph, Animoca Brands, and Helix will develop a non-fungible token (NFT) based football game; utilizing the intellectual properties of famous football clubs under license to Animoca Brands.
The game will feature tradable NFTs that will be backed by HBAR, the native token of the Hedera network. NFTs that are backed by HBAR will be redeemable for HBAR after a cooldown period, representing the first time that an NFT will be redeemable for a fixed and guaranteed amount of an underlying crypto asset.
The three organizations will also collaborate to develop and launch Helix Warp, a distributed online gaming platform. The mission is to create a fair and decentralized ecosystem of gaming-related products and services to combat the problem of cheating in online multiplayer games.
Helix Warp will counteract cheating by creating a server-side simulation environment and leveraging the Hedera Consensus Service to record results. Game developers will be able to plug into Helix Warp and deploy hack-resistant leaderboards in their games. Helix Warp will target HTML5 games, to begin with, and utilize the Helix Warp token to underpin the ecosystem.
”We are very excited to work with Hedera Hashgraph, which offers some highly appealing uses for gaming, particularly in the area of high-transaction scenarios. We believe this partnership will result in more efficient validation of play-to-earn activities, including addressing issues such as the multi-billion dollar problem of cheating in games.”
– Yat Siu, Co-Founder & Chairman of Animoca Brands
The Hedera Consensus Service and the Hedera Token Service will be used as foundational technology layers for both projects described above.
Hedera Consensus Service acts as a trust layer for any application or permissioned network and allows for the creation of an immutable and verifiable log of messages. While the Hedera Token Service enables the configuration, management, and transfer of high-throughput native fungible and non-fungible tokens without having to deploy expensive and potentially faulty smart contracts.
”Animoca Brands develops and runs some of the most popular blockchain games worldwide. It has proved itself a leader in leveraging blockchain and distributed ledger technology, providing highly engaging entertainment applications that captivate fans everywhere. We are delighted that Animoca Brands chose to build these new offerings on top of the Hedera network.”
– Mance Harmon, CEO of Hedera Hashgraph