GMO Internet Group, a leading Japanese Internet services provider offering one of the most comprehensive ranges of Internet services worldwide, has developed “CryptoChips by GMO”, a mobile app that enables distribution of cryptocurrency as remuneration within games.
According to the Group’s announcement, CryptoChips can be mounted on the game application and allows players to receive cryptocurrency as remuneration within the game depending on the players’ rankings or when players have achieved missions or acquired items. The players must have their own wallets (cryptocurrency accounts) to receive the remuneration (cryptocurrencies).
As the first initiative, CryptoChips will be mounted on GMO Internet Group’s real-time battle game “Whimsical War”, where the placement of characters on the battlefield is key to winning the game. Players can form tag teams and engage in tag team battles.
CryptoChips will be mounted on GMO Internet Group’s other game applications as well. According to the company, they will also get the competitors’ game titles on board in the future.
The new app will initially support Bitcoin which will be distributed in accordance with player rankings in the game. CryptoChips will be started in August 2018.
GMO Internet Group is Japan’s leading all-in provider of Internet services. Established in 1991, the company develops, operates and markets a full spectrum of Internet services for both the consumer and enterprise markets. Headquartered in Tokyo, the Group consists of more than 60 companies in 10 countries. GMO first entered the cryptocurrency space with the opening of an exchange in May 2017.
In December 2017, the Group revealed its intention to diverge from the conventional system of remunerating employees and implement bitcoin salaries. The company said: “GMO Internet Group has decided to introduce a system that allows part of the salary’s payment to be received by Bitcoin in order to promote ownership of the employees’ virtual currency.”
Moreover, GMO Group announced launching cryptocurrency mining in Northern Europe, believing that bitcoin would develop into “new universal currency”. The Group noted that mining is utilizing renewable energy that is plentiful in that region. The facility has a production target of 500 petahashes per second.
In May of this year, GMO Internet Group announced the world’s first 7nm Bitcoin Miner. GMO miner B2 is set to appear in the market on June 6, 2018.
“We will mass-produce the world’s first mining machine equipped with a cutting-edge 7 nm* process based semiconductor chip (7 nm mining chip; “GMO 72b”), which will be shipped at the end of October 2018,” the company said.