Have you ever thought that the only person who chose that is No Man’s Sky (Opens in a new tab) Do you really need to make it great is cryptocurrency? Maybe not, maybe not, but some guys did, and they decided to make one. According to this vice (Opens in a new tab) The report, however, is not intended to make money, and in fact the people behind the project hope to keep it worthless.
Cryptocurrency was created by members of Galactic Hub (Opens in a new tab)The No Man’s Sky community running on Discord, Reddit and of course No Man’s Sky itself that aims to provide a deeper co-op experience in deep space than the game does on its own. The group has been around for over five years, building a significant presence for themselves and inspiring other groups to create in-game companies.
HubCoin, as the group’s cryptocurrency is known, is meant to be an extension of community building efforts. Galactic Hub founder 7101334 said it’s aimed at players of the ultimate No Man’s Sky game who have effectively bypassed the need for in-game hardware but “still want access to those things that can only be achieved through player activity.”
“They want to order ByteBeat tracks based on certain criteria, they want to pay for a painting in their base, they want the computer operator to record and edit their custom faun buddy, they want a skilled engineer to help set up their base or do the home decor, or maybe they just want the convenience of not Gather their own resources.
HubCon’s goal is to fill this void by integrating a cryptocurrency that is not a real currency, but instead runs on the “testnet” of Ethereum. It’s a bit like Crypto-PTR: it works the same way as “real” cryptocurrency but has no real value. This means that players cannot withdraw money, which reduces the likelihood that gambling will turn into a profitable business.
Instead of being bought and sold on exchanges, HubCoin is earned through activities such as posting on the Galactic Hub Discord and subreddit, using the Galactic Hub wiki, posting on Twitter, and attending certain online events. Game. Once acquired, they can be used to purchase in-game goods and services, guide players for help or information, bet on Galactic Hub Star League events, or make purchases on the Galactic Hub Marketplace. It is especially useful for console players, who do not have access to the same gaming tools as PC gamers and therefore have to rely on them for dedicated resources.
The number of players using the currency is very low – only 149, according to the report, which is just over half the total number of Galactic Hub citizens, and inflation is a risk as this number grows. But the biggest potential problem is that although HubCoin has no official value, there is nothing to stop players from assigning it themselves: if I have a set and you want some, you want to be willing to give me some bucks to put them back, and I might be willing to take them. To help reduce this possibility, Galactic Hub says it will blacklist any players caught selling or buying HubCoin for real money, in any format.
In response to concerns about the environmental damage caused by cryptocurrencies, Galactic Hub has also gone through a “proof of authority” test before it is publicly released. Proof of Power uses less power than the “Proof of Work” typically used in cryptocurrency mining, but it’s not clear exactly how much less power is used – and a little bit of a bad thing is always, by definition, a bad thing.
Despite the downsides, it is an interesting part of the emerging meta-gameplay that can, if you avoid many pitfalls and provide that it does not contribute to the destruction of the planet, will increase the value of cryptography as a tool. I’m not convinced that the system has to be based on cryptocurrency in order to work, but I’m really curious where all of this will be in a year or two.