There are many people who believe that blockchain has much to offer to the gaming world. That’s why so many cryptocurrency projects have entered the gaming space, including Ethereum, which introduced CryptoKitties, which has become extremely popular.

The first game on the TRON blockchain was recently introduced, as well, thanks to BitGuild. BitGuild is focused on asset ownership with regards to gaming, to allow users to own assets, and have proof of scarcity thanks to the blockchain, so that users can know the true value of assets, and create a safe ecosystem for trading assets.

WAVES is the latest cryptocurrency project that has entered the gaming space. This shouldn’t come as much of a surprise, considering that over a billion people play video games, which is a substantial portion of the global population.

WAVES knows that blockchain can help the space tremendously, especially when it comes to tokenization. The new initiative would be aimed at creating tools for developers to easily integrate blockchain into various games.

In fact, a fund has been created with over one million WAVES in order to motivate developers. As of press time, that fund is worth almost $2 million dollars, according to Coinmarketcap.

Sasha Ivanov, the founder and CEO of WAVES, had this statement to offer regarding the initiative:

This initiative was launched to showcase the versatility of Waves technology and stimulate its adoption in such an important industry as gaming. I believe that the gaming sector will be an enthusiastic adopter of blockchain, and will drive its widespread use. Given the mutual opportunity here, we are more than ready to reward developers for the effort they make in implementing their projects within Waves ecosystem.”

The Waves team will also be helping developers by providing additional advice and guidance regarding embedding Waves functionality into the games. The initiative was introduced at the Crypto Games Conference in Minsk, Belarus, which took place on October 17th and 18th.