Press release

Lgame Creates an Open “Alipay” and Game-Banking System for the Blockchain Gaming Industry

Sponsored by Businesswire

For decades video games have been a testing ground for all sorts of
innovations in the digital universe, so it’s only logical that the trend
continues with blockchain. Giants like Microsoft, Google, Tencent, and
Alibaba have all made significant investments into blockchain gaming,
hoping to proof-of-concept some of blockchains’ most exciting future
uses like, proof of identity/ownership, intellectual property
protection, and digitally-represented transferrable stores of value.

Lgame, a Taiwanese-based blockchain technology company, is creating a
platform to make it easier for both developers and gamers worldwide to
enter the blockchain. Lgame provides users with a frictionless one-stop
integration service, creating an open “Alipay” and game-banking system
for the blockchain gaming industry.

In the early era of blockchain technology development, most of the
industry’s attention was focused on developing pubic chains, leading to
an industry imbalance for the neglected protocol and application layers,
integral components for meaningful user adoption. And as such, the
mainstream gaming community has no convenient onramp to enter the world
of blockchain, slowing adoption.

The Lgame founding team saw this as an opportunity to eliminate the
obstacles currently faced by game developers attempting to utilize
mainstream public chains. With abundant industry experiences and ample
resources, Lgame focuses on providing frictionless one-stop integration
services for users and developers for the crucial economic aspect of the
industry by creating an open payment and game-banking system for the

Lgame’s project development process is divided into three phases:

In phase one Lgame will launch all sorts of popular blockchain games
with the concept of “Gaming as Investment,” by adopting the world-class
gaming engine technology from Egretia and containing user-friendly
mining modes and features. Profits will be redistributed to loyal
community supporters, driving traffic onto the platform. Frictionless
transactions and unique features be added like, mini futures contracts,
an Lgame OTC Market, and Lgame Wealth Management will create a complete
traffic aggregation portal.

Phase two is the launch of the “Interstellar Payment System,” the open
“Alipay-esque” payment system, and the creation of the Lgame OTC Market.
The Lgame Foundation will also launch a regulatory economic policy
control unit to administer all IGOs through exchanges within the Lgame

In phase three Lgame modules and protocols will be used to assist other
related industry enterprises in to accelerate their construction and
expansion. Each enterprises’ individual ecosystem will overlap to build
a massive ecosystem with unlimited imagination and growth potential.

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