A Startup Is Building Its Own Altcoin For Gamers Allowing In-Game Coin Conversions

Meet the Tap Project – a new project that is working on actively implementing its own utility token and helping gamers convert their in-game currencies into cryptocurrencies. As of recently, the Tap Project applied for a patent on the converting method.

In short, gamers who are interested in extra earnings can convert their game prizes, coins or money into cryptocurrencies. The project is acting seriously right now and after the pending patent announcement – is expected to fully disclose and release their system in June this year.

If you are wondering how gamers could earn crypto from their game earnings, it’s really simple. The Tap Project plans to alter the online gaming economy by introducing an in-game cryptocurrency – the Tap Coin. This will act as a utility token which can traverse different platforms and be converted into fiat currencies or any other digital currency.

The Tap Project finished its crowdfunding campaign in January 2018, raising 1400 ETH and moving towards introducing a new in-game currency to the gaming community. At the beginning of April 2018, the project announced their patent application describing the method for exchanging gaming money between servers and how well-developed its infrastructure will be.

Currently, the project is expecting the patent approval. As they said in a blog post, this is the most important phase right now. “If a patent is granted, the applicant can receive a reasonable royalty for infringing activity occurring from the date of publication of the patent application to the issue date of the patent.”