cryptowriter
over 1 year ago  Karma: 62
Will Games On Loom Have Their Own Coin?

Hey everyone,

Will the upcoming games on the loom network have their own coins for players to earn?

gaming
dapp
loom
games
cryptocurrency
cryptowriter
over 1 year ago  Karma: 62
Will Games On Loom Have Their Own Coin?

Hey everyone,

Will the upcoming games on the loom network have their own coins for players to earn?

gaming
dapp
loom
games
cryptocurrency

ONE ANSWER
jamesmartinduffy2
over 1 year ago Karma: 457

Yes, it's definitely possible.

Loom Network doesn't stop developers from creating their own tokens for use on their DAppChains. So you could have a game where the in-game gold is an ERC20 token that's tradeable on mainnet, and the in-game items (swords, armor, or even characters themselves) are implemented as ERC721 tokens so players can buy, sell, and trade them freely.

If you're asking specifically about the games our team is creating in-house... Well you'll have to wait for an announcement ;) But we're definitely looking to show developers what's possible with DAppChains.

Yes, it's definitely possible.

Loom Network doesn't stop developers from creating their own tokens for use on their DAppChains. So you could have a game where the in-game gold is an ERC20 token that's tradeable on mainnet, and the in-game items (swords, armor, or even characters themselves) are implemented as ERC721 tokens so players can buy, sell, and trade them freely.

If you're asking specifically about the games our team is creating in-house... Well you'll have to wait for an announcement ;) But we're definitely looking to show developers what's possible with DAppChains.

cryptowriter

Thanks for the response :). I am looking forward to your games and will be playing the card one for sure. If you need a writer or someone to test please let me know. Good luck!

Mar 22 '18 at 5:48 pm
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