SEOUL, South Korea, March 8, 2019 /PRNewswire/ -- Blockmason, a leading developer of foundational, base-layer blockchain technologies, and MagnaChain, a developer and operator of blockchain systems and distributed applications, today announced the signing of a Memorandum of Understanding ("MOU") and collaboration to advance the blockchain-based game development industry. Per the terms of the MOU, the companies are aiming to reduce the barriers faced by game developers and gamers, creating a healthier, more sustainable gaming ecosystem for all parties.
"We're excited to partner with MagnaChain, a company doing innovative work in the blockchain-based gaming space," said Michael Chin, CEO of Blockmason. Hal Bame, CEO of MagnaChain, shared that "We see this partnership as one that can help players and developers alike benefit from the upcoming "blockchain era" of gaming history."
Blockmason's Link is a new blockchain infrastructure-as-a-service that allows blockchain-based game developers to use programmatic blockchains like MagnaChain in their applications without requiring any blockchain experience. With Link, developers can create games that interact with smart contracts and blockchains like any other web or mobile API. There are no cryptocurrencies to acquire, browser plugins to install or servers to maintain or monitor. A developer simply adds their smart contracts to Link and uses the resulting APIs in their game or app. At the heart of Link is BLINK, the utility token which provides Link users with API transaction capacity.
MagnaChain is a revolutionary public blockchain platform built by game developers, for game developers. MagnaChain aims to usher in the mass adoption of gaming on the blockchain with streamlined development tools and rapid transaction times, along with the sense of community and collaboration that the blockchain provides.
Blockmason is a world-class developer of blockchain technology, focused on building the foundational base-layer frameworks that support the blockchain revolution. Their first product, the Credit Protocol, provides a standardized, secure and reliable means for recording and permanently storing mutually-confirmed debt or credit obligations on the blockchain. Lndr, the first decentralized mobile app powered by the Credit Protocol, leverages the blockchain to allow friends to quickly record and settle casual debts and IOUs in dozens of currencies. Link, their latest innovation, simplifies development, improves user experience and increases the adoption of decentralized apps. To learn more about Blockmason, Link, the Credit Protocol, Lndr and their other technological developments, visit https://blockmason.io.
MagnaChain is located in Singapore (MAGNACHAIN FOUNDATION LIMITED), and its main business is the development and operation of blockchain systems and distributed applications (dApps). Its proprietary product, MagnaChain, is a completely new, built from scratch, public blockchain and related integration toolset used for distributed application development. The high speed, stability, security, and ease of use MagnaChain has achieved have enabled the development of dApps to be more innovative and efficient. https://www.MagnaChain.co
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