Zilliqa

Get Zilliqa (ZIL) all time high price, historical charts, latest news and other information.

Zilliqa is working on a console that will offer the possibility of mining cryptocurrencies while players have fun with their favorite Web3 games.
Zilliqa, a Layer 1 blockchain protocol, announced the launch of its new Web3-focused video game console competing against Nintendo, Microsoft, and Sony— but with a twist that makes it unique.
According to Zilliqa’s statement published by VentureBeat, the new console is designed for gamers and cryptocurrency enthusiasts, as it will feature its own Game hub, a Web3 wallet, and crypto mining utilities. By next month Zilliqa will start testing the gaming hub.
For now, Zilliqa has refrained from disclosing the hardware specifications of the console; however, judging by the variety of ports shown in the photos (Headphone Jack, Ethernet, USB-C, USB 3.0, HDMI, among others), it is expected to be a competitive piece of hardware on par with its mainstream competitors.
Zilliqa gaming console ports
Zilliqa Hopes to Become the Steam of Web 3 Gaming
Valentin Cobelea, head of gaming technology at Zilliqa, said the company got a great response from the community when it announced its first game at Gamescom. The team expects to catch users’ attention not only for the gaming capabilities of their device but for its monetary incentives, which will be a nice plus for those interested in getting it.
“Zilliqa’s hardware console and gaming hub will allow non-crypto natives to earn money while playing fun games without the complexity of managing the crypto they earn.”
Cobelea further added that the console and gaming hub will be launched in early 2023 once the company expands its catalog. Zilliqa hopes to become “the Steam equivalent for Web3 games.”
“With the backing of Zilliqa’s large crypto community and the easy-to-use infrastructure, we have no doubt that we can become the Steam equivalent for Web3 games.”
Web 3 Video Games Make Their Way Into the Gaming Industry
According to a recent Zilliqa report on Web3 games, blockchain gaming activity skyrocketed more than 2000% during 2021, and despite the bearish times, some games have managed to have more than 300 thousand active users.
However, there is still a long way to go for these types of games to manage to compete equally with those on Web 2, since players who enter Web2 do so to have fun without caring about economic gains, while on Web3, the vast majority of players enter to make money.
According to Zilliqa, the Web3 gaming industry is still in its early years of maturity, so perhaps in the future, studios will be able to offer new game modalities that, beyond focusing on monetary incentives, are fun and competitive as Axie Infinity was in the midst of the Bitcoin bull run, where several families in countries like the Philippines abandoned their jobs to dedicate themselves full time to this game.
The post Zilliqa Announces Its Own Web 3 Gaming Console With Crypto Mining Capabilities appeared first on CryptoPotato.

From mining crypto to supporting AAA games, Zilliqa is working on a gaming console capable of doing everything a degen/gamer would want. 

cryptopotato.com

Zilliqa Announces Its Own Web 3 Gaming Console With Crypto Mining Capabilities

Zilliqa announced the launch of its own Web3 gaming console, the company seems ready to jump into a sector led by PlayStation, Microsoft, and Nintendo. The upcoming console will have multiple capabilities allowing players to enjoy gaming while mining the network native token, ZIL. 

In early September, Zilliqa announced the upcoming launch of their first blockchain game, called Web3 War. The First Person Shooter (FPS) and the console are part of a larger strategy to capitalize on the growing adoption of blockchain games and an important milestone in expanding ZIL’s ecosystem.
Image of the first Zilliqa game that will compete with PlayStation and other big studios. Source: Web3 War via Zekromo
Zilliqa Attempts To Break Into PlayStation And Steam’s Domains With New Console
According to a report from Venture Beat, the gaming consoles will be available for pre-order in early 2023. At that time, the console’s core feature will enter a testing phase: the gaming hub.
In addition to this feature, the gaming console will provide users with access to a native Web3 wallet. The combination of these capabilities, along with its own marketplace to trade in-game items and the option to earn rewards, has been designed to compete with Steam, PlayStation, and Nintendo.
The largest gaming marketplace in the sector Steam allows players to purchase games, engage in debates, trade items, earn unique accessories, participate in community activities, and more. Zilliqa will attempt to take these features to the next level with its upcoming gaming console.
One of the main objectives will be to onboard non-crypto users to the ecosystem while increasing network decentralization by allowing these players to mine ZIL tokens. In that way, users will be able to own the native token to stake it and earn extra rewards, without having to purchase additional hardware.
Valentin Cobelea, head of gaming technology at Zilliqa, said the following on their upcoming console and how it will attract non-crypto players to its ecosystem while competing with some of the biggest companies in the gaming sector:
Zilliqa’s hardware console and gaming hub will allow non-crypto natives to earn money while playing fun games without the complexity of managing the crypto they earn. We will launch the console and gaming hub early next year with two Zilliqa games, followed by more games from a variety of creators. With the backing of Zilliqa’s large crypto community and the easy-to-use infrastructure, we have no doubt that we can become the Steam equivalent for Web3 games.
ZIL’s Price Reacts To The News
Below, there is an image from the upcoming Zilliqa console that resembles some of the consoles offered by PlayStation and Microsoft over the past years. Similar to the hardware, the Web3 console will provide users with a variety of ports and internet access, amongst other features. Cobelea added:
Upon announcing our first game at Gamescom, we had a great response from the gaming community, and we’re excited to say that it was just the beginning.
Image of the Zilliqa gaming console. Source: Bob MJ via Twitter

At the time of writing, the price of ZIL seems to be positively reacting to the announcement. The token is trading in the green with a 4.5% profit over the last 24 hours.
ZIL’s price moving sideways on the 4-hour chart with small gains over the past day. Source: ZILUSDT Tradingview


Zilliqa announced the launch of its own Web3 gaming console, the company seems ready to jump into a sector led by PlayStation, Microsoft, and Nintendo. The upcoming console will have multiple capabilities allowing players to enjoy gaming while mining the network native token, ZIL. Related Reading...

bitcoinist.com

Zilliqa Unveils Web3 Gaming Console, Ready To Compete With PlayStation And Xbox?


Zilliqa has revealed a new Web3-focused gaming console and hub set to launch in 2023.



The console, slated for release in 2023, integrates complex Web3 elements like crypto wallets and mining, allowing gamers to earn ZIL coins for completing in-game quests, similar to how existing games reward users with virtual currency, except now the rewards involve blockchain technology.



Zilliqa is looking to make its foray into the gaming industry against major industry giants such as Playstation, Nintendo, and Xbox. Video game consoles generated roughly $107.5 billion in 2021. Statista expects the industry to grow to $130.8 billion by 2026.



The prototype console reveals an HDMI port, Ethernet, USB-C, and USB 3.0 ports. Zilliqa has remained tight-lipped about other specifications, although it did indicate that the console was designed to abstract away the complexities of Web3 to provide a more user-friendly experience.



Players could also mine ZIL coins, adding to the security of the Zilliqa blockchain.



At press time, Zilliqa was testing the console for a Q1 2023 launch.



In Aug. 2022, Zilliqa launched its first in-person shooter game, WEB3WAR, to be a skill-to-earn game rather than a play-to-earn game like Axie Infinity, which the company believes is a more economically sustainable model. WEB3WAR will be one of two initial titles that Zilliqa will release for the console.



Zilliqa is a layer one blockchain for smart contracts. Earlier this year, Zilliqa announced partnerships with various esports teams, the latest being Swiss company Xborg, to help propel its efforts in the Web3 gaming space. Xborg will allow its player base access to games built on Zilliqa for the players to provide feedback on their experience. Where possible, Xborg will seek to amp up Zilliqa games’ exposure to the broader gaming community.



Gamers vs. developers conundrum



Zilliqa’s approach is designed to attract avid gamers more than crypto enthusiasts that don’t mind a rudimentary gaming narrative and experience. Play-to-earn games have historically struggled with sustainable tokenomics, evidenced by Axie Infinity’s migration from play-to-earn to play-and-earn following inflationary concerns over one of its in-game tokens. Other games like Splinterlands have fared better, providing updates that incentivize token hodling by offering hodlers rewards. There is a constant tension between players looking to sell in-game tokens for fiat and game developers who don’t want them to.



Siloed ecosystems frustrate gamers



One of the gripes traditional gamers face is that they don’t own any in-game assets they acquire by completing missions and tasks, and game vendors sometimes go the extreme lengths to prevent players from exchanging assets. In some cases, players wanting to trade such assets must sell their accounts on the dark web.



Valve Steam Community Marketplace pioneered a different approach that allowed players of varying Valve titles to trade assets. Valve now has a peer-to-peer marketplace where gamers can trade assets using fiat money.



For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here.
The post Nintendo, PlayStation, & Xbox Get New Competitor as Zilliqa Prepares to Launch Web3 Gaming Console appeared first on BeInCrypto.


Zilliqa has revealed a new Web3-focused gaming console and hub set to launch in 2023.
The post Nintendo, PlayStation, &#038; Xbox Get New Competitor as Zilliqa Prepares to Launch Web3 Gaming Console appeared first on BeInCrypto.


Zilliqa price	$0.031472
Low - High 24H	$0.031367 - $0.03269
Market cap	$467.81M
Volume 24H	$24.78M
All time high	$0.255376 -87.69% May 6th 2021
All time low	$0.002396 1212.33% March 13th 2020
Genesis date	N/A

Recently viewed

Trending

Zilliqa (ZIL)

Performance

Zilliqa News

Quick stats