Dai Wants to Become the Stablecoin of Gaming

Blockchain company Maker is pushing to make Dai the biggest stablecoin in gaming. The company is giving out 13 thousand dollars worth of DAI to the best integrations into blockchain-powered games as part of their Dai Gaming Initiative. They believe that their stablecoin allows for cross-gaming economies with more depth.

Dai is already a relatively popular cryptocurrency in the decentralized finance space. This comes from for example the introduction Multi-Collateral Dai, and the 5 percent Dai savings rate. Maker believes the stablecoin is a good for both traditional and blockchain-based economies. The currency is tied to the US dollar, even though its value could fluctuate a few cents in times of volatile trading.

Nonetheless, Dai is growing its market share. In late January Dai has a market cap of 97 million dollars. That means that Dai grew its market cap with ten percent in just six weeks. That’s the reason why the company is now making a full jump into blockchain games. Almost every game uses in-game currencies. When games require simple transactions, any digital currency will do. However, Maker wants to be able to provide more depth to virtual economies.

At the moment Dai has been integrated in games like Axie Infinity and Forgotten Artifacts. In addition games like Crypto Wars, The Sandbox, Skyweaver, F1 Delta…