Emerging cryptocurrency and blockchain project Cryptaur announced on Tuesday that it is partnering with prominent companies NEM and ProximaX.
The partnership agreement followed the first public demonstration of X-Game at the GITEX Future Stars 2018 event held in Dubai in October. The terms of the deal will support Cryptaur’s promotion and localization in regions where ProximaX and NEM are already present.
X-Game Making Headlines
The agreement also looks into collaborations with ProximaX on X-Game, and NEM will be used “as a decentralized registry for Cryptaur users.” It was signed in person by NEM first president Lon Wong, who is also the founder of ProximaX.
X-Game will use ProximaX to host the ePassports of the users. It will also be used to store data related to the game characters as well as their elements. For Cryptaur, the partnership brings new value, especially as it is working on platform extensions like Lifewise.
According to Cryptaur CEO, Dimitri Buriak:
“ProximaX will be an important element in ensuring user confidence in the Cryptaur platform. In the near future, we plan to implement the storage of personal documents of our participants based on ProximaX, reliably protecting them with modern encryption algorithms.”
Why Could X-Game Make It Big?
X-Game is one of the many virtual character creation games available on blockchain today. However, what makes it unique is a Play-to-Earn (P2E) concept that rewards users for the time and effort they put into the game. The native token of Cryptaur, CPT, can be earned by the players. The rewards can also be exchanged and withdrawn in fiat.
The P2E model replaces the existing Pay-to-Win (P2W) model in the industry and incentivizes gameplay for the users. Gaming companies are also working extensively on Free-to-Play (F2P) models that let users play their games without any charges but make money using in-game advertising or offering sale of special abilities, upgrades, and extra lives.
For X-Game and Cryptaur, a backing from ProximaX and NEM means breathing new life into their young ecosystem, which was established in 2017. Note that Cryptaur has already launched credit cards by Fintech United Group in June and established automatic KYC at the organization in August.