Blockchain company HashCash Consultants has announced a partnership with an undisclosed Australian video games developer to roll out its white label crypto exchange and tokenization services for the gaming industry. The development was announced in a HashCash press release Feb. 4.
HashCash is a blockchain firm focused on providing “white label” blockchain solutions for the gaming sector — i.e. pre-developed solutions that can be purchased and rebranded by their clients to facilitate the shift to a new blockchain-based business model. The firm announced in the press release that it is partnering with a “prominent Australian video games developer,” though did not reveal the name of the company.
In 2017, HashCash raised $150 million in early stage venture funding to develop its solutions, which encompass initial coin offering (ICO) services, crypto exchange development support, and crypto payment processing technology.
The press release outlines how a shift to a tokenized, blockchain-based model can help innovate the gaming sector, allowing gaming companies to monetize their ecosystems by opening up decentralized micropayment channels between content producers, streamers, and viewers.