How Blockchain is Disrupting the Gaming Industry: Interview with Paul Barclay of Nova Blitz
We had a chance to talk to Paul Barclay, the CEO of Dragon Foundry, owners of Nova Blitz; a blockchain project disrupting the $120 Billion Digital Gaming Market and giving every investor the opportunity to own a piece of the market with the Nova Token. Paul was kind enough to answer a few questions on the startup.
- What is Nova Token?
Nova Token enables blockchain for every gamer. It allows every game developer to deliver blockchain in-game items (ERC-721 tokens) to every player, even if that player doesn’t have a crypto account. We’re offering the first blockchain solution with zero barriers upon entry to drive widespread mass adoption of cryptocurrencies and crypto assets. The Nova Token staking platform launches on October 30th and we’re launching it with a big giveaway: 3 billion Nova Tokens.
- How different will Nova Token be from other platforms?
The big difference between Nova Token and other crypto platforms is that we focus 100% on accessibility – the whole system is completely invisible on the backend to players.
For example, as a player, you’re just playing your game normally, and bam – you open a chest to find a sword. You can then turn around and sell that sword to another player – which is revolutionary to gaming. As a gamer, it’s all handled seamlessly within the game.
- What are some of the problems you see with traditional online card games?
Economy-wise, the main challenge is centralization, which denies players the ability to buy and sell cards. Nova Token solves this. We’re also find that it’s difficult for game applications to generate enough revenue; the additional revenue streams that Nova Token enables (stake rewards, transaction fee sharing, etc.) provide a big boost to the gaming industry.
On the crypto-game side, the main challenge is accessibility. Most current crypto games require players to jump through a lot of hoops and pay outrageous costs. Nova Token solves both of these issues by creating a completely seamless player experience at a much lower costs.
- How different will Nova Blitz be from other games?
Nova Blitz is the first real-time trading card game in the world.. It’s interactive, super fun and fast-paced – you can check it out on Steam and in beta on iOS and Android.
Since Nova Blitz uses the Nova Token platform, cards will be ERC-721 objects. This means they’re owned by the players and players can sell and trade them freely. Considering the standard “dusting” system, Nova Blitz provides players with greater access and 100% control over the cards purchased.
- How will you support a “free market” for the game?
Players will buy cards in the in-game store and cards will be delivered to players who stake Nova Tokens on Nova Blitz. Once the cards are purchased, players are 100% in the control of what they own. Unlike most gaming apps, Nova Blitz supports a completely decentralized free market providing players with the freedom to control their cards and complete transactions in real-time via a free market. 6. Can you tell us more about the technology and components of the Nova Token ecosystem that make it function?
The Nova Token ecosystem comprises four key elements:
- The Staking contracts on Ethereum mainnet
- The ERC-721 contracts on Ethereum layer 2
- Nova TokenAPI
- Nova Token SDKs
The staking contracts manage every user’s Nova Tokens and allow players to stake on different games. It’s important that these contracts are on mainnet Ethereum as they secure cryptocurrencies. You can read more about staking here: https://medium.com/@novatoken/nova-token-staking-ba4b9b84ca72.
The ERC-721 contracts are designed to deliver ERC-721 tokens at a minimum cost to players with or without blockchain accounts.
ERC-721 contracts are hosted on an Ethereum layer 2 sidechain because the transaction volume for these contracts is larger than the entire Ethereum network. Because it’s a sidechain, players can move their tokens to the mainnet for safekeeping if they desire.
The Nova Token API directly connects games to our system providing players with open access to play regardless of where they have an account. Additionally, players via they Nova Token API benefit from no fees, signing and more.
6. Would you like to talk about your legal and security measures?
Our entire system is secured on Ethereum, and we take great measures to ensure we’re compliant with all relevant laws.
7. Can you provide us with a roadmap for the next 6 months?
In the next 6 months, the Nova Token staking will launch with the 3 billion NVT giveaway on October 30. The Nova Token API and Nova Token SDK are slated for launch later this year. Additionally, we plan to announce new gaming partners and platform customers.
8. What’s going to happen to Nova Blitz after the token sale concludes and what where do you see things in 5 years?
In the future, we imagine a world where the vast majority of online gaming utilizes blockchain in-game items and there’s a rich ecosystem of supporting sites, tools, and services. Nova Token plays a crucial role in this future world,, so we anticipate immense growth over the next 3-5 years.
9. Do you have more information for our readers?
The Nova Token staking platform launches on October 30th LINK. https://novablitz.com/
Learn more at: https://medium.com/@novatoken/nova-token-staking-ba4b9b84ca72, and make sure you buy some Nova Tokens to stake!