Unitopia receives $5 million investment to create the blockchain equivalent of Steam

Unitopia – a decentralised game aggregation platform – has received a hefty $5 million investment to enable it to develop the blockchain equivalent of popular digital distribution platform Steam.

The news was announced in a Unitopia Medium blog post. Current investors include Lian Hui Capital and Jun Joint Venture.

The announcement reads: “Unitopia has received a $5 million strategic investment from a number of organisations to create a blockchain version of Steam.”

Steam is a massively popular digital distribution platform for PC, where users can purchase and/or download a plethora of video games.

Unitopia is a blockchain-based pan-entertainment platform which seeks to “subvert traditional game rules”, according to its website.

Unitopia is based on blockchain tech and aims to build a complete gaming ecosystem on the blockchain using a “project pass economy”.

The website details how project passes can be arbitrarily circulated and traded within the platform.

Reportedly, any game on the platform will be completely decentralised, ensuring the game revenue distribution is fair using smart contracts.

Unitopia has stated it is the first blockchain game platform to be incubated by the blockchain lab of Dianhun Network – a “well-known” gaming company.

At this moment in time, it has launched “dozens of high-quality blockchain games” with nearly one million registered users.

Dianhun Network currently works with Ontology, Ultrain, GXChain, MOAC, QuarkChain, Everitoken, DAC, and many other public chains.

Unitopia will now utilise its own strengths to make advancements in both the research and the development of blockchain-based games.

Interested in reading more blockchain gaming-related stories? Discover more about the upcoming Alpha phase for Project Genesis, which is scheduled to launch this summer.