CSO of Blockstream Will Launch Security Token for Sci-Fi Game
Samson Mow, the Chief Strategy Officer (CSO) of Blockstream, has just announced his intention to launch a security token for the upcoming sci-fi game Infinite Fleet. His firm, Pixelmatic, will be issuing the token on a Bitcoin sidechain called the Liquid Network.
The CSO of Blockstream and CEO of Pixelmatic, Samson Mow, plans on launching a science fiction game this year called Infinite Fleet. Players will be able to “take command of a fleet and join an epic war for humanity’s survival.” Rather than take an ICO approach which Mow has often criticized, he is launching a security token for the game.
The game will rely on a ‘dual-token model’ which will issue tokens to fulfill two distinct purposes. The token will be linked to utility within the game and also will be a registered financial security. The complimentary utility token, called INF, will be distributed randomly to all Fleet players. Mow plans to hold a token sale towards the end of 2019 and plan to raise some $16M.
The reason Mow is opting for the Liquid Network is twofold. Firstly, he believes in the technology since it does not overload a network with smart contracts. Secondly, Blockstream is developing the sidechain which Mow is closely involved with. The sidechain will also provide the security tokens with privacy and will allow them to be compliantly traded.
Security tokens have long been thought to be complementary to in-game trading and markets. Collectibles, for example, are a natural fit for blockchain-based networks since these digital goods are impossible to reproduce. Mow is taking this concept a step further by adding security tokens into the mix, hoping it will pave the way for other gaming companies to take notice.
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Image courtesy of Infinite Fleet.