Blok.Party Raises $10M For Its Blockchain Game Console
We introduce Blok.Party and Fluree. They are the innovative applications of blockchain technology. Stay tuned for more
Building the upcoming PlayTable game console, Blok.Party has announced that it raised $ 10 million in new funding whereas unveiling a big content partnership this is where Blok.Party creates its version of the popular board game called Settlers of Catan. Talking about Blok.Party and PartyTable this is where co-founder and CEO Jimmy Chen had first laid out his vision to thereby use blockchain technology to build a console recognizing real-world objects creating a hybrid between tabletop and video gaming. Here the idea is that it may sound a little abstract at the time whereas it got a lot clearer later on.
It comes to be clear from the start that PlayTable has saved up some setup time which is instead of putting all the pieces of the physical bard together while you play on the digital representation of the board. Therefore, most of the pieces are digitized as they used and traded the cards using smartphones. As Chen explains there is a physical robber piece allowing the robbers' movement to remain a very visceral experience with digital version not even capturing it. Considering that at least if they are among the 10,000 pre-orders Blok.Party has received so far; it may not be therefore too long before they get to try this out for themselves. As Chen comments, they are starting shipping its first devices shortly. Adding to it he said that Catan similar to other games were built for PlayTable priced at around $ 20.
Furthermore, Chen says for them it is not about trying to compete based on price whereas they are trying to compete based on experience, as the new funding comes from the crypto fund which is JRR Capital as also other investors when the company uses the money to continue scaling the product that includes further software development and building out the library of games. He further emphasized that at the same time although Blok.Party comes to be manufacturing the initial devices, whereas his vision is to achieve real scale along with partnerships with hardware manufacturers building PlayTable consoles where some of the discussions are underway.
It is here that he specifies their strategy is to always have the hardware program running and continue researching as they have discovered it is keeping a hardware program running which is not that expensive whereas the expensive part is as you try to scale the program.
Fluree Grabs $4.7M Seed Round
In the present context is a North Carolina start-up bringing the immutability of the blockchain to the database, as Fluree announced a $ 4.7 million seed round led by 4490 Ventures participating from Revolution’s Rise of the Rest Seed Fund. Explaining, the CEO and co-founder Brian Platz says the database combines blockchain and the graph database technologies offering a new way of thinking about storing and querying data with the real benefits providing immense integrity around the data as they can prove it has never been tampered with who put it in there, etc. while something you can’t do with current databases or similar data management technologies.
Adding to it he has said that the ability makes the data immensely collaborative allowing multiple parties interacting with it and improve security which allows you as especially with how they have organized the database getting better leverage out of the data. In case you are thinking that a database as this would be slow as of the nature of decentralized data where Platz says it depends how you choose to tune the blockchain as he sees blockchain on a spectrum with choices and tradeoffs between speed and decentralisations. As he explains in case you need 100% decentralization with things like Bitcoin then it is certainly going to be slow as you can’t have the cake and eat t too. If that is what you need then it is better to decrease the amount of centralization as there is a spectrum and focus on giving people the knob to adjust that based on what they are trying to do.
Being a free community edition as well as a paid enterprise version, Fluree comes with some increased controls as the company has 17 employees based in Winston Salem, North Carolina which is a number set to expand in the future with new funding. Hence now we are sure it is promising and comes with a bright future on the horizon of blockchain technology. Let's see how it proceeds and where it finds new funding.