Bringing HTML5 onto the Blockchain – The Amazing Egretia Project

To finally globalise online gaming and make it both enjoyable and profitable to users and developers alike, it is almost a foregone conclusion that decentralization is the key.

This is what the Egretia project has accomplished.

HTML5, the technology that runs the internet and most of the world’s online business has now been brought onto the blockchain.

Why is this significant?

Let us interrogate the Egretia Project in this article and learn more.

What is HTML5?

In simple terms, the programming language which the world wide web is written in is known as HTML, and HTML5 is the latest version of it. However, to enhance user experience and introduce other useful functionalities, programmers are introducing other languages like CSS3 and JavaScript into the original HTML Language, and this forms part of the current reference to HTML5.

What is HTML5 for?

Simply speaking, it enables developers to make pretty cool stuff, especially games, graphic design applications and all manner of multimedia apps that were either very hard to make using Flash Player, or simply did not exist.

Egretia is priming this technology to finally assist in building the world's first ever HTML5 blockchain and hence enable the development of the widest variety of high-quality online games the world has ever known.

The World of gaming

When SuperData released the annual gaming revenues report for 2017, it was clear that this sector is undoubtedly one of the fastest growing areas in online business so far.

A mind-spinning $108 billion was spent by 2.5 billion people in gaming in 2017.

Of this, mobile digital games claimed 47% of the haul. And the annual growth from the previous year in the mobile category was 19%

In short, in the coming years, PC and console gaming will play second fiddle to mobile phones and tablet gaming.
The beauty of HTML5 is that it is cross-platform, making it a versatile and powerful gaming language.

The Egretia Blockchain Lab

Why blockchain?
As good as the gaming industry is to many developers and investors, there has been quite some challenges with the current applications that run most games;

Lack of a trusted and global payment system
Most of the applications are developed by corporates that control how payments are done. This means that the options are limited especially to those in parts of the world where payment options preferred by these applications are not available.

Lack of transparency
Gaming is about competition. Users of applications need to be assured that there is a transparent and immutable program that assures fairness, and this is only possible using blockchain’s distributed consensus.

Lack of developer motivation
If you are developing an amazing game to sell to a corporate, you may not be as motivated as when you are developing an application you can deploy out there and earn every time gamers use it.

Introducing the Egret Technology

Egret Technology is already an established HTML5 game engine that boasts more than 200,000 developers, commanding a massive 70% of the entire mobile content industry.

Offering solutions for 2D and 3D engines, the DragonBones animation tool and the Egret visual IDE for programming, They are world leaders in open source HTML5 technologies.

They are the hosts of games like Catch the crazy cat, which made history by attracting 100 million users in three days.
Other games hosted by them include Yugong Yishan, "Legend is coming" and "Legendary world".

Egretia Blockchain Lab

A collaboration between Egret Technology from China and their overseas partners, including Qualcomm, Adobe and Nvidia, is working on bringing all the capabilities of Egret Technology onto the blockchain.

The Egretia Blockchain Lab will be the World’s first HTML5 blockchain, and it will enable developers and users alike to have crypto wallets, enjoy smart contract technology, enhanced data security and also to engage in other things like trading virtual game assets, advertising etc.

By bringing an already existing 200,000 developers to the lab and encouraging other worldwide beta developers, the Lab is aiming to incorporate about 1 billion devices when it is fully operational.

Their roadmap begins in the second quarter of 2018 and will see rapid deployment of all the necessary technologies.

How big can this get?

Going by the figures presented earlier, it is safe to estimate that an annual 10% growth in the gaming industry will bring the revenues to around $158 billion by 2022.

And already Egret Technology controls a huge percentage of this.

HTML5 is the best technology for gaming, and Egret is already in partnership Microsoft, Google, Adobe, Firefox, Intel and Facebook.

When they hit the decentralized market, anyone with the capability of building a gaming application will be sure to benefit from the Egretia open source platform and put their game out there.

Final Thoughts

The Egret Blockchain Lab is the world’s first blockchain based HTML5 gaming platform.

With all the advantages of blockchain technology, including a unified crypto payment wallet, smart contract functionalities and increased security, the Egret Blockchain Lab is positioning itself to host the world’s widest gaming applications that are built on the latest technologies.

Their vision is to bring about 1 billion devices to their platform, with a developer base of more than 200k people.

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