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Gaming platform Ultra integrates Theta Network for live streaming

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Blockchain-powered gaming platform Ultra announced Sep. 3 that it will integrate Theta Network’s live streaming technology as part of its user experience.

The service will allow users to see games in action before making a purchase, and earn rewards that can be spent within the ecosystem.

Ultra is a game distribution platform using blockchain technology to bring new features to both players and developers. With a planned release in Q4 2020 it aims to disrupt the $160 billion gaming market by enabling gamers to play, discover, compete and socialize with zero friction.

When a user hits a particular game’s landing page they will see the game being played live via Theta streaming technology directly within the Ultra platform. Users can then earn rewards of both Theta (TFUEL) and Ultra (UOS) tokens for relaying the streams that they watch.

Streamers can also use the system to airdrop non-fungible tokens (NFTs) to fans and viewers, and earn rewards for promoting games on Ultra.

Theta Network is a peer-to-peer decentralized video platform that rewards viewers for sharing bandwidth and resources, which purportedly allows for high quality video streaming without expensive infrastructure. As Cointelegraph reported, its partners and backers include Google, Binance and Samsung.

Ultra also has its big-name backers, including mainstream gaming giant, Ubisoft, and chip-maker AMD.

Its technology enables the injection of a bespoke user interface into 5,000 existing Direct X, OpenGL and Vulkan games to add functionality such as in-app purchases and NFT trading. It also comes with a software development kit (SDK) enabling porting of games from consoles and the Steam platform.

Ultra has set its sights on becoming a blockchain-enabled replacement for Steam, although it may have a fight on its hands.

Fellow gaming platform, Pavilion Hub from GOATi Entertainment, incorporates similar blockchain-based features into a platform which also allows players to directly purchase existing games on Steam. It also features streaming functionality via Twitch.



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Blockchain identity market to grow $3.58B by 2025, report claims

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A new report on the potential for blockchain identity management solutions to become integrated across sectors has forecast strong growth for its global market, at a compound annual rate of close to 71%.

The report grounds its predictions on a study broken down into segments: by sector – e.g., government, healthcare, banking, financial services and insurance (BFSI) – geography, and applications. It was published by the Lyon-headquartered market research solution provider ReportLinker. 

Drawing on an analysis of several existing blockchain identity management market vendors – Accenture, Amazon, Bitfury Group, Civic Technologies, and others – the report expects the total global market to grow by $3.58 billion between 2021 and 2025.

Related: The future of DeFi is spread across multiple blockchains

The study’s baseline assumption is that the market for blockchain identity management will continue to expand as the proliferation of online and cloud services and digitalization more broadly continue apace. As Cointelegraph has previously reported, the demand for more efficient, decentralized and privacy-respecting identity solutions has arisen in a vast array of diverse sectors, from public services to logistical and supply chain networks, and all the way down to consumer wearables and other smart devices.

With increasing digitalization, a form of secure identity verification to access basic services – both public and private – online is quickly becoming an inescapable requirement; some have gone so far as to argue that privacy-preserving digital identity needs to be recognized as a basic right for all.

In tandem, with the global user base of social media networks now exceeding the 3.8 billion mark, some advocates have argued that blockchain offers the only adequate, equitable identity solution that can protect these users from threats such as data theft and privacy abuses. 

Earlier this month, Ethereum co-founder and lead developer Vitalik Buterin pitched his vision of the future of the Ethereum network across a range of non-financial applications, singling out areas that included both decentralized social media and identity verification and attestation.