Blox Token Price (BLOX)

BLOX is a software development kit which aims at assisting video game developers with integrating the blockchain into their applications. Developing a decentralized application requires a lot of knowledge of blockchain technology such as wallets, transaction GAS fees, smart contracts et cetera.

The BLOX SDK aims to simplify the blockchain for both users and developers, providing a smooth website-builder like experience.

Play-to-earn video games and NFTs have been all the rage the past few months, and there are good reasons for it. There are a plethora of incentives why one may want to implement the blockchain into their video game.

Objects such as in-game items and cosmetics can be tokenized into NFTs (nonfungible tokens). These tokens are directly added to a player's wallet and truly gives them ownership over it.

01 In-game item tokenization Players can buy and sell NFTs for real-world currency via the game marketplace. Traditional community markets such as on the platform 'Steam' charge upwards of 15% transaction fees and only allow a small percentage of creators to participate.

The BLOX-SDK is completely open to all developers and charges a small 5% fee which is directly used to fuel the ecosystem by purchasing $BLOX tokens.

02 decentralized marketplace Important player data and monetary assets can be anonymously stored on the blockchain and offers greater security than a traditional database.

03 security Important player data and monetary assets can be anonymously stored on the blockchain and offers greater security than a traditional database.