Monday, July 12, 2021

This gaming marketplace runs on the blockchain

7/12/2021

I met Andrew Prell almost 30 years ago when the brash young Louisville native introduced his hometown to virtual reality gaming. 

Prell had rigged a helmet with two video screens connected to a pair of computers running a 3-D version of Castle Wolfenstein, a popular shooting game of that period. His Reality Rocket made its debut at the Kentucky State Fair and a version was a popular attraction later at a local arcade. 

The Reality Rocket went on to become the first VR arcade system manufactured in the US while Prell went on to explore new opportunities in interactive gaming. Today, Prell is the CEO at Silica Nexus, a startup that time to be the first gaming marketplace that runs on the blockchain.

The company is in the early stages of a fundraising launched on the investment crowdfunding platform Wefunder. The goal of the company, according to the Wefunder page, is to finance “a platform that spans devices, gaming systems, and in-person entertainment centers, creating one virtual universe for the gaming community.”

The marketplace will allow users to buy, sell, and trade in-game assets and gift cards from a variety of popular games using a new cryptocurrency called DROID, tokens that were minted in 2018 on the Ethereum blockchain. Prell and his backers see Silica Nexus as a way to increase and enhance the market for in-game items and eventually link disparate games.    

The company hope to raise $250,000 from investors who pledge $100 or more. Investors will qualify for get equity shares in the company at a future time. For more details, check out the Silica Nexus website and the profile on Wefunder.  






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Follow me on Twitter @ricmanning and read my technology columns at My Well Being.

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