Animoca Brands recently announced that under the acquisition of Helix Accelerator, the company signed an agreement with Hedera Hashgraph to develop ledger-based gaming projects. All three brands, Animoca Brands, Hedera Hashgraph, and Helix, will be developing non-fungible token (NFT) based football games utilizing the intellectual properties run by the top famous football clubs. The new football game will be featuring tradable NFTs backed by the HBAR, the leading native Cryptocurrency held by the Hedera public network. An interesting part is that NFTs backed by the HBAR are redeemable after the cool-down period. Thus, it represents that NFT is redeemable in a fixed amount.
Hedera Hashgraph, Helix, and Animoca Brands will collaborate to develop and launch Helix Warp as a distributed and independent online gaming platform. Introducing this platform aims to create a decentralized ecosystem and combat issues players face in multiplayer games. This Helix platform will handle cheating cases by creating a server-side environment to benefit from Hedera Consensus Service for recording results. Moreover, game developers can connect with Helix Warp to deploy hack-resistant leader boards in every betting game they engage with. The Helix Warp is specially designed to target HTML 5 matches.
Hedera Token Service and Hedera Consensus Service will be placed underuse as a part of foundational technology layers. Hedera Consensus Services is designed to work as a trust layer for a different application, allowing verifiable message logs. The token service of Hedera, on the other hand, enables management, transfer, and configuration.
Founders Comment
Yat Siu, co-founder and the chairman of Animoca Brands, said that they are quite excited to join hands with Hedera Hashgraph assistance in gaming, especially when it comes to the transaction purpose. Mance Harmon, CEO of Hedera Hashgraph, says that Animoca Brands runs and develops blockchains games globally. Over the years, the company has proved its solid stand in Blockchain and distributed ledger technology. As a result, the company is delighted to connect with Animoca Brands.