GMO Internet To Enable Gamers Get Crypto Rewards

The CryptoChips service, to be launched in August, will support only Bitcoin initially.

by Nina Dimitrova
31 May • 1.5 mins
In Coins

Japanese IT giant and internet service provider GMO Internet Group said on Thursday it is launching a new service, dubbed CryptoChips byGMO, which will allow for the distribution of cryptocurrencies as remuneration within game apps.

With CryptoChips, players will be able to get virtual currencies within games, depending on their skills, achievements, or acquired items.

Initially, CryptoChips will support Bitcoin only, with other coins expected to be added at a later stage. In order to receive the remuneration, the players must have a cryptocurrency wallet. Quite conveniently, GMO offers a multi-signature wallet with private keys, developed by the GMO System Consulting Inc.

CryptoChips will first be offered in August within the smartphone game Whimsical War. It is a free to play game, but with in-app purchases, as most modern games are. GMO, which is the developer and distributor of the game, describes it as “a three-minute, real-time, territorial battle game” in which players can battle other players in real time, form a team with other guild members and fight as a group. There is also a chat and the option to “donate” characters.


whimsical wars

 

GMO Internet Group is a Tokyo-based publicly traded conglomerate that offers all kinds of internet services - hosting and cloud, ecommerce, security, and payment solutions. The group also includes the world’s largest online FX trading platform GMO Click Securities, as well as online advertising, Internet media, and mobile entertainment products.

Last spring, GMO ventured into the cryptocurrency industry with the launch of the cryptocurrency exchange Z.com Coin by GMO, later renamed to GMO Coin. In September 2017, it started a cloud mining operation. Last week, GMO also unveiled an ASIC miner, named GMO Miner B2.