First OmiseGO (OMG) Dapp Goes Live on the Plasma Testnet

via Hoard

Plasma Dog, a blockchain-based decentralized application (dapp) game created by Hoard, has become the first live proof-of-concept utilizing OmiseGO’s (OMG) Plasma MVP, a layer 2 scaling solution being developed on the Ethereum network.

According to the announcement, Plasma Dog is a simple, retro 2D-platformer that allows true ownership of in-game assets, meaning that no central authority has control while players can benefit from a marketplace with real value to buy, sell and trade items.¬†Plasma Dog’s internal reward is the UTXO token, which was developed for¬†DevCon4, and allowed users to earn real-world items like backpacks, physical tokens, shirts and stickers.

Plasma Dog leverages OmiseGO’s internal testnet for validation and OmiseGO itself acted as the Plasma Chain Operator using a proof-of-authority (PoA) scheme, according to the announcement. The game was built on Tesuji Plasma’s architecture, which allows for cheaper transactions with higher throughput without sacrificing security.

“Video games are a $100 billion per year industry that can simultaneously operate as a sandbox for innovation for the larger Ethereum ecosystem. They’re a perfect place to #BUIDL,” said Chris Robison of Hoard.

This news comes the same week that Quantstamp, a blockchain security company backed by Y-Combinator, announced that it has successfully conducted an audit of OmiseGo’s Minimum Viable Plasma (MVP) implementation.

OMG currently has a $449.8 million market cap, making it the 22nd largest cryptocurrency in the AltDex 100 Index (ALT100), a benchmark index for large-cap coins and tokens.

More: How Hoard Created the first OMG Network Application: Plasma Dog

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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