OMC Group Launches Tradable Blockchain Game Omni Pets

Wednesday 12 August 2020, 11:07 PM AEST - 1 month ago

OMC Group Sdn Bhd (OMC Group) is providing a fun way to know about blockchain by a game of collecting unique tradable digital tokens with the launch of Omni Pets today. Omni Pets are digital tokens developing utilizing the ERC-721 open standard based on the Ethereum protocol and are non-fungible; that is, these tokens are all unique, unlike the ERC-20 standard utilized to create cryptocurrencies. With 200 unique digital tokens provided per week in the form of eggs, these pets, when hatched, have to be cared for and nurtured as their trading value also increases if they are happy and contented.

OMC Group, the blockchain arm, and a subsidiary of AIO Synergy Holdings Berhad are giving Omni Pets to the public to introduce blockchain technology and inject a sort of fun in learning while playing a game accumulating one-of-a-kind digital tokens that can be traded.

These digital pets come in 16 designs covering physical features like eyes and body type with different colors and patterns. At the same time, there will also be limited editions for festive or special occasions. The pets can be purchased with the in-game currency recognized as gold coins that is valued at US$1 per gold coin. The in-game currency can be purchased with bitcoin, Ether, US Dollar Tether, and OMCoin.

OMC Group CEO Jack Lee said in a statement: Each Omni Pet is represented by a unique token in our blockchain and we believe that this is a fun and interesting way for people to understand blockchain better while allowing them to collect and trade unique digital assets. Beyond Omni Pets, the use of ERC-721 can be used to tokenize other assets, such as art collections, property, and jewelry. We also believe that blockchain technology can enable a trusted form of ownership for digital assets, and we are taking this step with Omni Pets.

The digital pets ecosystem runs on the OMChain2.0, a consortium blockchain enabling only authorized participants and is a secure and performance-driven platform. Owners of the digital pets will also know how the blockchain operates from owning to trading as OMChain2.0s smart contract is utilized to facilitate these transactions.

Read full story on Blockchain Magazine