FYX Gaming Uses NFTs to Provide Immutable Data to eSports, Betting Platforms

Submitted by Aaron Goldstein on

Written by :

Aaron Goldstein

Published on :

FYX Gaming Uses NFTs to Provide Immutable Data to eSports, Betting Platforms

On this episode of Hashing it Out, CEO and founder Adam Kling and CTO and Chief Architect David Case talk about FYX Gaming (formerly known as Kronoverse)—an esports platform, portal and marketplace built on the BSV blockchain.

CryptoFights, built from scratch by Kling and Case, is one of the games available on the platform and it has been making waves in the esports and BSV blockchain space, reaching over a million transactions in the first month of its open beta.

Unlike the NFTs associated with Zed Run, Sandbox and NBA Top Shot, with CryptoFights, users do not have to buy the NFTs, they can actually be earned.

“When you have a character, it is an NFT. When you have weapons and armor, they are NFTs…and when you win a battle, you actually win the battle object…and then as you play, we drop new weapons to you and those weapons can be traded or sold or melted down for the BSV that’s stored in them. So a very flexible world,” Case explained.

“What David’s alluding to is really the foundation of what the future of a real metaverse will be. Sandbox or these other ones are still somewhat siloed, especially when you talk about private blockchains like Flow,” Kling added.

- Aaron Goldstein, Gambling911.com

Related Content

Strait of Hormuz

Latest Iran Conflict Betting Markets as Strait of Hormuz Reopens

Iranian Foreign Minister Abbas Araghchi posted on X that the passage for all commercial vessels through the strait “is declared completely open” with U.S. President Donald Trump making his own announcement via Truth Social.
Dave & Busters

Suit Against Dave & Busters in South Carolina Court Claims Arcade Games Are Unlawful Gambling

A state advocacy group filed a suit in the District Court of South Carolina Florence Division late Wednesday April 15 arguing the chain’s games function as unlawful gambling rather than entertainment.
Fanatics Markets

Fanatics Markets Unveils Combos

Just in time for basketball’s postseason, Fanatics Markets is introducing a bigger way to trade with Combos.
Curacao

Curacao Is Still the Most Popular Gambling License. But the Rules Have Changed

If you have spent any time around the online gambling industry, you have heard the same pitch for Curacao a hundred times: cheap, fast, easy. For years that pitch was essentially accurate.