With stay-at-home orders in place, many of us are turning to one particular medium for entertainment: video games and virtual entertainment. Since quarantine policies went into effect, video game usage has risen by 75%, in addition to a 12% rise in streaming.
Coinciding with this rise in popularity is the publishing of a new patent from 8 Bit Development, a virtual and augmented reality company. 8 Bit Development's patent enables players to wager, via an augmented reality (AR) or virtual reality (VR) device, on real-world events displayed on a display device connected with the AR device. The invention supports anonymous betting and cash-out interfaces, enabling users to receive both fiat currencies and cryptocurrency. For players receiving cryptocurrency, the AR or VR device is able to connect to a user's virtual digital wallet or mobile device using Near Field Communications (NFC).
With growing support for sporting events to resume without spectators, 8 Bit Development's technology puts them in a scoring position to not only meet the demands of millions of sports fans worldwide, but potentially transform the sports betting industry altogether.
Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions.
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Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions.