“Skin In The Game” – Bitcoin Magazine

Bitcoin has soared in 2020 and everyone is talking about the price. But I want to talk about how Bitcoin is actually being used and the new capabilities it enables.

Sure, bitcoin is the hardest form of money that exists and the best store of value. But it is also the most practical form of digital value that we have, as it is global, interoperable and programmable. So, what other use cases does Bitcoin enable? And what are the revolutionary new capabilities that people didn’t even know they needed Bitcoin for?

The team at ZEBEDEE had a very simple idea. The purest form of global, digital economies are video games, but they lack a purely global and digital form of transactional value. So why not take an existing popular game and integrate Bitcoin as the value transfer protocol. The question we wanted to answer is: Does this add a new dimension to the gameplay that dramatically increases enjoyment and engagement?

On December 27, 2020, we demonstrated this concept live at MintGox in front of an online audience of over 5,000 viewers. We successfully infused bitcoin into Counter-Strike: Global Offensive (CS:GO), a multiplayer first-person shooter video game with 28 million monthly active users. And with that, the first public reveal of ZEBEDEE’s newest product, Infuse, will bring Bitcoin to the world’s most popular games. The results are here to see:

View the Twitch stream of the event.

In this simple integration, players pay a bitcoin invoice to stake themselves into a match prize pool and then fight it out to win the lion’s share of the pot by the end of the game. This “skin in the game” totally transforms the experience and depth of engagement.

When you see it, you get that “holy shit!” moment — the realization that something big has just been born. CS:GO is one of those games that you can mindlessly play for hours. But wait until you see what happens when you have some real skin in the game that persists…

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