Akon gives the play-to-earn poker platform a shoutout for being the next wave of gaming

Published at: Sept. 24, 2021

Blockchain technology brings a faster and more convenient way to conduct transactions over the internet — from retail to financials, even extending as far as online poker. As one of the most played online gambling games, poker has brought a rise in users, and in turn, an increasing number of fake websites, deterring new players from ever starting to play.

While many argue that online poker is not rigged, many concerns have stemmed from the lesser-known sites. Regardless of the number of licenses or other approvals an online platform may have, many are still skeptical of things operating “completely right” on the other side, whether it is the actions taken so the room can charge the highest rake or certain players being “preferred.”

With blockchain technology, every hand dealt is recorded, so players can have full transparency into gameplay. Therefore, players will no longer need to rely on an unknown third party making claims about their website’s trustworthiness. 

The technology itself brings a more fair mechanism that allows players to bet on a publicized algorithm, ultimately supporting the grand gambling experience. But, what is even more unconventional for online gambling is the concept of play-to-earn, bringing forth new opportunities to enhance game immersion and build an interactive metaverse. Platforms can use a metaverse to create a setting where players can collect digital assets, adding a new layer to online gaming and further extending its appeal to a new audience group.

Polker is one platform striving to make this experience a reality. The platform is currently preparing to release a play-to-earn beta game later this month with intended support for next-gen VR, 3D characters, visual effects and environments. The platform makes the game available for everyone to play, even those who want to sharpen their skills without putting any money on the line.

Their team shares, their mission is “to increase interest in poker and NFTs in the cryptocurrency space.” They continue, by merging the two, they can “bridge the way for future projects while using blockchain as a mechanism to provide provably fair gameplay.”

A look into what makes it possible

To bring a level of fairness to the blockchain, Polker leverages their patent granted technology, the True Random Number Generator (TRNG). TRNG begins with the player’s seed, combines it with the Polker platform’s seed and the random nature of the block hash value, guaranteeing the randomness of the number generated. TRNG is used in conjunction with the potential of the blockchain to provide full transparency, further preventing cheating and other fraudulent practices. All gameplay data is stored in the hash of a smart contract, so the raw values can be compared and verified to prove no manipulation has occurred.

While the blockchain makes it trustworthy, the platform is also making a play for extended functionality. By leveraging Unreal Engine 4, a powerful 3D creation platform, Polker can create the immersive experience lacking from many major poker sites. 

More insights on polker here

Other notable partnerships include Chainlink (LINK), an open-source, decentralized oracle network integrated into the Polker platform. The integration will provide a more decentralized and trusted service to players. An initial implementation of Chainlink’s on-chain live price feeds will replace the current API in Polker’s patented Multi Crypto Marketplace protocol.

Further, Chainlink’s oracle system on the high-throughput EVM compatible with Polygon (MATIC) network will ensure the most up-to-date on-chain price data is available to players. A similar approach is already being leveraged by Augur, a prediction market that requires both live and precise data.

In light of this news, the Polker team has announced a giveaway of ten nonfungible tokens (NFTs), with the first prize being a ‘Holo Ultra-Rare,’ previously sold for over 12,000 (3.38 ETH) on OpenSea.

More than a poker platform

Polker intends to make the online game platform more than just poker. With the rise of NFTs, online gaming is becoming a way for players to collect and earn NFTs that they can share with their friends and a larger community. 

Recent announcements have also pointed to Sept. 24, 2021, as the date that the staking of Polker’s native token will go live.

With many advancements to come, it’s no wonder why the R&B superstar Akon gave the platform a shoutout.

Learn more about Polker

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Tags
Nft
Related Posts
Kevin O'Leary says his crypto holdings could reach 20% of portfolio
Shark Tank celebrity Kevin O’Leary, also known as Mr. Wonderful, says he would be ready to increase his crypto allocations up to 20% as soon as there are clearer regulations around stablecoins. O’Leary, a former Bitcoin (BTC) skeptic, is now a vocal advocate of cryptocurrency, which currently makes up over 10% of his investment portfolio. Mr. Wonderful is particularly focused on U.S. dollar-pegged stablecoins, which he sees as an effective hedge against rising levels of inflation. By staking stablecoins, he pointed out, he can make up to 6% returns. He explained to Cointelegraph: ”When inflation is 6%, you're buying power …
Adoption / Dec. 30, 2021
Polygon network activity spikes as NFT sales reach new height
The number of nonfungible tokens (NFT’s) sold on the layer-two protocol Polygon reached an all-time high last month at just short of 2 million. According to Dune Analytics, this marks a near 60% rise in comparison to November and the third consecutive monthly increase for the network. An Ethereum-based scaling solution seeking to construct, distribute and manage securities on blockchain technology, Polygon’s ecosystem has grown exponentially over the past twelve months, registering in excess of 3,000 decentralized applications on its network, in addition to a total value locked figure of $3.86 billion. Alongside this, the number of unique daily active …
Blockchain / Jan. 6, 2022
New feature allows enterprises mint NFTs with minimal coding
Recent Chainalysis data showed that users moved over $40 billion worth of crypto to Ethereum’s nonfungible token (NFT) smart contracts in 2021. While this reflects the rapid growth of NFTs, there are still many obstacles when it comes to minting these tokens, and one startup is addressing this problem by doing all the behind-scene processes. NFTs have been all the rage during the last few months, and most experts agree that the trend is here to stay given the transformative potential for a lot of industries, from digital art to supply chains. While the rapid growth of the nonfungible market …
Blockchain / Feb. 11, 2022
Polygon’s focus on building L2 infrastructure outweighs MATIC’s 50% drop from ATH
After a devastating 50% correction between Dec. 25 and Jan. 25, Polygon (MATIC) has been struggling to sustain the $1.40 support. While some argue this top-15 coin has merely adjusted after a 16,200% gain in 2021, others point to competing scaling solutions growth. Either way, Polygon (MATIC) remains 50.8% below its all-time high at an $11 billion market capitalization. Currently, the market cap of Terra (LUNA) stands at $37 billion, Solana (SOL) is above $26 billion, and Avalanche (AVAX) is at a $19 billion market value. A positive note is that Polygon raised $450 million on Feb. 7, and the …
Decentralization / March 10, 2022
Could GameFi and carbon currencies reverse blockchain’s climate stigma?
Nonfungible tokens (NFT) and blockchain technology have developed an unfortunate stigma in some sections of the community for being bad for the environment. But, could that perception be changed by integrating carbon offsets into NFT gaming? GameFi, or gaming finance, marries NFTs and gaming. Blockchain games account for nearly $12 million in daily volume from over a million gamers, according to app tracker DappRadar. Toucan Protocol chief operations officer Rob Schmitt thinks that volume and those users could be harnessed to benefit the environment. Schmitt told Cointelegraph that using carbon offsets as an element in blockchain games could create “by …
Blockchain / May 25, 2022