AR Title Reality Clash to Use Crypto Coin To Raise Funding
Developers Reality Gaming Group hope to raise $1.5 million in funding using Ethereum crypto currency.
Upcoming mobile augmented reality (AR) title Reality Clash is planning on using a novel way of raising funding for further development. The developers at Reality Gaming Group are planning on raising money by launching an ‘Initial Coin Offering’ using Ethereum blockchain crypto currency.
Reality Clash will be free-to-play, using the camera on a smartphone to render an AR view of the landscape, using geolocation technology in order to invite other players in the local area to participate in face-to-face combat. Players will be able to set up tournaments in real locations such as parks and woodlands.
Basic gameplay is modelled after ‘capture the flag’ with players able to set up their own headquarters and protect it from attack, or range out to conquer more territory, collecting ammo, heath packs or other bonus items. The title will also have an in-game economy that allows users to buy and sell virtual weapons using in-game currency, letting players become virtual arms dealers.
To tie in to the virtual economy and fund the development of the title, Reality Gaming Group is using Ethereum blockchain cryptocurrency to launch and Initial Coin Offering (ICO), through which it hopes to raise $1.5 million (USD). The ICO will be available from 29th August, and will give players the chance to buy special premium in-game currency and gain access to exclusive weapons.
Ethereum cryptocurrency has recently been in the news due to crypto miners buying up the available stock of high-end graphics cards, causing a run on supply and in turn causing a price hike as supplies of VR-ready graphics cards dwindled.
Tony Pearce, Reality Gaming Group co-founder, said: “Reality Clash is a tremendously innovative game that also gives gamers a unique opportunity to get into the fast-moving world of ICOs and crypto-currency trading.”
You can watch the teaser trailer for Reality Clash below. Further information can be found at the official Reality Clash website.
VRFocus will bring you further information on Reality Clash and other AR titles as it becomes available.