160 Teams Are Competing to Create NEO’s Killer App

160 Teams Are Competing to Create NEO’s Killer App

160 teams are going head-to-head in a friendly competition to see who can create the most impressive app on the NEO blockchain.

The four-month-long game development competition is designed to see which team can create the most effective and engaging game with worldwide appeal.

Games have long fueled the adoption and advancement of technology.

Ethereum discovered what a popular game can do late last year, when CryptoKitties burst onto the scene and became so popular that it choked the Ethereum network.

According to Neo Game, Neo has released more than $500,000 worth of NEO’s GAS currency to power the competition.

Join us on Telegram

Here are the main rules of the competition:

1. Virtual assets on the blockchain –  Smart contracts can be used to manage, trade and hold in-game assets such as characters, virtual props and pets.

2. Gaming data on the blockchain – Leaderboard information such as game results, levels, scores and other game behavioral data can be stored and managed through smart contract.

3. Game logic on the blockchain – Smart contracts can be used to publicize gaming algorithms that show fair competition and game play, and can be combined with other behavioral data and data linked to virtual assets.

The competition was created by China-based NewEconoLab, a NEO community development group co-founded by NEO core developer Li Jianying.

Organizers are expected to present awards to the winning teams after the competition ends on August 15th.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.

Check Out the Latest Headlines








    The post 160 Teams Are Competing to Create NEO’s Killer App appeared first on The Daily Hodl.

    Buy Bitcoin with Credit Card
    Where can I buy cryptocurrency