Blockchain startup Game Loot Network proposes another alternative app store

Blockchain and cryptocurrencies have potential to upset the status quo in games, and so, yet another startup, Game Loot Network, is proposing to use the technologies to create an alternative app store and player rewards program.

Rivals, such as Brian Fargo’s Robot Cache and Game Credits, have proposed something similar, and so, it’s a race to see who gets there first with the best app store, the strongest titles, and the most enticing incentives for gamers to participate. Game Loot Network’s owners are raising money in a presale now and plan to raise money via an initial coin offering (ICO) for consumers on May 29. They think they’ve got a good shot because they ran a pilot test that generated $5 million in transactions and 65,000 users.