LONDON (Alliance News) - Online Blockchain PLC on Wednesday said it has developed the first of its blockchain-based products, FreeLoadr.
FreeLoadr lets gamers access PC games at no charge in exchange for running the FreeLoadr application on their computer. FreeLoadr then exchanges the user's unused graphic computing power for points to buy games.
The user must have an NVIDIA graphics processing unit and the donated graphics processing unit power is used for cyptocurrency mining.
The product is currently in invite-only beta testing before it launches in the UK and North America.
"Gaming is a valuable and exciting market. [Online Blockchain] had identified this opportunity in the market last year and now we are ready to showcase our products. With more than 2.2 billion active gamers in the world, the UK gaming sector generated revenue of GBP3.86 billion in 2018, making it larger than music and video combined," said Online Blockchain Chief Executive Clem Chambers.
"Gaming is a fertile and welcoming sector for applications of new technology such as blockchain because gamers are tech-savvy. We believe that computer gaming is a compelling market application for blockchain, that FreeLoadr is an exciting product for both blockchain and computer gaming and we are delighted with its progress," Chambers added.