Review SealemLab

CURRENCY HISTORY?

Cryptocurrency is a clichéd and grounded digital asset and term that represents a cryptocurrency-based medium of value exchange with financial and technological use cases. It is unreasonably controlled by mechanisms like masterodes etc. Satoshi Nakamoto is credited as the first cryptocurrency pioneer in 2009 with the creation of Bitcoin, the alpha cryptocurrency. His white paper on Bitcoin in late 2008 was titled "Bitcoin: A Peer-to-Peer Electronic Cash System".

The history of digital currencies did not always begin with Satoshi Nakamoto. In 1983, Ecash, a cryptocurrency derived from cryptocurrencies, was created by David Chaum. Ecash then turns into Digicash, which requires encrypted keys (like cryptocurrency) for transactions so that it can't be accessed by third parties. The US National Security Agency, the NSA, investigated cryptocurrencies around 1996 with the article "Mining: The Cryptography of Anonymous Cryptocurrencies", but the project failed. Other journeys like Wei Dai and Nick Szabo have launched B-Money and Bit Gold respectively, both of which are digital solutions.

The entertainment industry is one of the most developed areas of human life. Major components include the film, music and game industries. Each can be linked together. However, the game industry is bigger than the movie and music industries combined. According to Forbes, the gaming industry is a billion-dollar entertainment industry, worth about $140 billion. Active in research, development and marketing of games, it covers many fields and its components employ staff worldwide.

It all started around 1940 with the game Nim developed by Edward Condon and a chess demonstration by Claude Shannon circa 1950. In 1960 Stage was developed by the United States Department of State. Not to mention Ralph Baer, ​​who created 'Brown Box', the first commercial console. Then Atari showed up with a console and the so-called '83/'84 gaming crash. Game companies such as Activision, Electronic Arts, Nintendo and others were founded. As games became more and more lucrative, more conceptual, and complex, in the mid-90s many major companies like Sony and Microsoft entered the game wars with the Playstation and XBox franchises. The growth of mobile and PC technology and the cloud computing craze did not affect the growth of the gaming industry.

HISTORY OF CRYPTO GAME INDUSTRY

Games are an industry that, as explained above, has always had great appeal. To secure and strengthen the industry, blockchain and, ultimately, cryptocurrency, have been successfully brought together. Subsidiaries like online games have always been a source of money for gamers. Games like Rummy, Poker have made money from these games. Nowadays, the trend of playing games at online casinos is popular and many people play because of cryptocurrencies, especially bitcoin. Many online games today have in-game currency that players can earn, buy, and spend. These coins are usually purchased in-game with fiat through payment platforms like Interswitch Webpay, PayU, Flutterwave, Paystack, and more. or gift card.

The first crypto game player is Decentraland. In August 2017, the company successfully built a virtual community like SIM town. Later, Enjin created a series of real estate-enabled blockchain products. Anyone can create, manage, distribute, and integrate blockchain assets. Others like Wax, Crycash, GTCoin, GameCredits, etc. made their entries.

About SealemLab

The Sealem platform creates a new generation of DeFi + Gamefi protocol. Participating in governance by buying bonds to obtain ST tokens, and at the same time acquiring game tokens by staking, and enjoying a variety of high-quality games on the platform.The DeFi + Gamefi model reduces the risk of unlimited inflation, and the two parts will interoperate to maximize returns.

In fact, property rights are often considered human rights, so every citizen has the right to own the property obtained from their funds. Assets can include real estate, cars and in our case virtual real estate like in-game real estate. The most important property rights are among others.

control

To listen

Exception

earned income

mood

Until recently, one of the most important problems faced by traditional game companies was denying ownership of game objects. Players don't actually own their in-game assets even if they buy them with in-game currency, which are then purchased with fiat currency. What I can do with limited assets is the usefulness of the game. Players do not have full control over their assets, they cannot receive income from them and cannot dispose of them.

The blockchain technology developed by SealemLab allows many games to introduce legal ownership of in-game assets. However, the benefits of this new concept are still small and have not had a real impact on the industry. game industry. SealemLab introduces new concepts and utilities for in-game assets using blockchain technology

Funding from SealemLab is the most important crypto stage that has managed to cover several urgent areas and create great tools for winning and profit. An important element of SealemLab is a first-person shooter in which players can obtain and use interesting resources. All often powered by blockchain technology, opening the door to areas of learning like DeFi and NFT. I accept that the Citizenship Foundation has chosen the right development technology, as its most important mission is to enable the rapid and efficient improvement of irreplaceable chips in entertainment and other industries. You should also remember that, along with challenges, NFT expansion is a subject that warrants further speculation. For speculators, this means a redistribution of wages. After testing the extension, I agree that a future post would be very beneficial. On the one hand, the Civil Status Fund includes some practical and direct work.

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