Bitcade London Highlights: Bring together professionals in the blockchain, gaming and payments space

by · March 3, 2023

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On February 8th, CoinGeek’s Bitcade event series hit London’s trendy Shoreditch again, bringing together dozens of blockchain, gaming and payments professionals.

The first CoinGeek Bitcade took place in Miami in June 2022, followed by Warsaw, London, Manila, Palm Beach, London again, and next time together with the London Blockchain Conference in late May/early June.

Alex Moon, CoinGeek’s Head of Marketing – and one of the founders of the CoinGeek Bitcade concept – is a big believer in showing versus telling the world how blockchain technology will improve how we do things digitally.

“The purpose of this evening is to showcase the power of nanotransactions on BSV through games built on top of the BSV platform,” Moon shared.

“CoinGeek Bitcade was designed to give people an entertaining opportunity to activate, play games, network and basically just see what’s possible with the chain,” he added.

In the evening, guests were presented with an opportunity to try out Haste Arcade’s “Jump” and “Monsterbomb” games and more mainstream titles such as “Fortnite” and “Counterstrike” via Tegment, which overlays Bitcoin payments.

“We show ‘Jump’ and we show ‘Monster Bombs.’ whenever someone else plays the game and can’t beat your score, you get paid directly into your HandCash wallet,” explained Moon.

Moon describes the “ILP” concept created by Haste Founders and stands for “Instant Leaderboard Payout. “These payouts are obviously instantaneous and often relatively small, a process that can only be carried out using the BSV blockchain due to its scalability and incredibly low transaction fees.

“What fascinates me about blockchain is the fact that you can monetize games,” shared Bitcade guest and Twitch Streamer Victoria.

“It’s a big incentive to engage people. It’s great to get more of the older generation playing as well or people who just have free time who just want to make some money, she said.

“It’s amazing the fact that you can now take a game that’s very popular all over the world and then you can monetize it,” she added.

For David Foderick, CTO of CarStash and Cohort Four member of BSV Blockchain startup incubator Block Dojo, attending Bitcade was an eye-opening experience and an effective way for him to see BSV in action.

“I see a big opportunity in obviously monetization, incentivization of playing, and I guess opportunities for people to both play, earn and also spend and create a cyclical economy in the digital realm,” he said.

One of the evening’s sponsors was Vaionex’s Tegment, also a sponsor of the upcoming Bitcade at the London Blockchain Conference, with CMO Adam Bishop in attendance on the evening.

“Shooting games are probably one of the biggest, most compatible games with the blockchain because you have an obvious action and then a reward for that action,” Bishop pointed out.

“We can overlay Bitcoin payments on Fortnite, Counterstrike, Apex Legends, FIFA, Valorant, any of these popular world-class games,” he revealed.

“On Tegment.com we also have the competitions and the leaderboard, so every month you can have a counterstrike competition where it’s a free shooter and the players who have the highest number of kills, they win the competition reward,” Bishop added.

Bitcade guest Nadir described his experience on the evening as “definitely exciting” and particularly enjoyed what Tegment had to offer.

“I think there is a bit of a social component to it. The atmosphere has been pretty chill and relaxed, which is great, and I’ve been enjoying playing Fortnite, which is really cool,” he said.

“The ability to play and serve at scale is something that is a gap. Given that BSV can fill that, I think it could definitely be interesting to see,” Nadir said.

“Blockchain is universal with the things you can do with it. In general, I think it’s so far-reaching that basically anything can use blockchain, so very interested to see where it goes,” added operations analyst and Bitcade guest James.

While gaming is just one of the many industries set to be transformed by blockchain technology, as pointed out by James, it’s an industry that anyone of any age can relate to and have fun doing it.

“It can be huge if you can get people involved and you can get big gaming sites, so people on Twitch or YouTube, everyone comes together,” suggested Victoria.

“At the end of the day, everybody wants to play and it’s something you can do in your spare time and if you make money, it’s going to be a great addition,” she said.

Watch: London Blockchain Conference 2023 Brings Government Business into the Blockchain

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