The Ruby Play Network is set to intensify its endeavors within the crypto games vertical when its token lists in Q1 of 2022. After enduring successful seed and strategic rounds, the platform is ready to venture into the cryptocurrency space with both rounds selling out in full — before a further two private rounds and an initial decentralized exchange offering (IDO), respectively.
The utility of the platform is based around play-to-earn gaming, underpinned by a crypto rewards platform that rewards both users and game developers alike. The RUBY token will be launched on the Binance Smart Chain, with buying and selling being enabled when the listing goes live. The token can be acquired for free before listings through games such as Spin2Win and RubySweeper.
The network aims to revolutionize the confining of items in games by providing players with the opportunity to earn a tradeable and utility-focused currency that can be used across multiple applications or traded for other currencies. The proposition was greeted with a filled initial seed round with the backing of some core blockchain industry firms including the Binance Accelerator Fund and Yellow.
Rewarding loyal players with an innovative offering
The Ruby Play Network revolves around the delivery of a crypto rewards platform for users to play and earn the native RUBY token as a reward for their playtime. The Christchurch, New Zealand-based business comprises experienced developers and experts in the gaming and entertainment industry — intending to create and pioneer a newfound approach to paying rewards in crypto.
The platform wasn’t made just for the players. Game developers are also brought on board to utilize the token offering. RUBY proposes a retaining process for developers through granted giveaways to their user-base as a reward, a service not typically seen within current blockchain gaming options.
Games on the Ruby Play platform have been made free-to-play to exchange rewards for downloads and…
