Daily Glixel: Crytek Now Has Its Own Cryptocurrency

The gamer-centric "Crycash" launches December 12th.

Crytek's New Cryptocurrency For Gamers Launches Next Week
'Warface' Crytek1/5

Crytek's New Cryptocurrency For Gamers Launches Next Week

Developer Crytek announced today it's partnering with Crycash, an "independent decentralized ecosystem of products for gamers fueled by an all-new, gamer-centric cryptocurrency." Think of it as Bitcoin you can only spend on Crytek products. Crycash CEO Wachtang Budagaschwili says the ecosystem consists of four major components: Plink, a communications app for gamers and Crycash wallet; an advertising platform; an esports platform for gaming tournaments and other events; and a virtual asset marketplace.

Crytek is adding Crycash payment options to some of its products, starting with CryEngine and Warface Turkey. Players can earn the currency in-game by completing tasks set by the developers, or by spending physical cash.

"It has always been our goal as a company to bring boundary-pushing games and innovative new tech to the marketplace, and after almost two decades in the industry, we are intimately familiar with the kind of problems that gamers and game developers face in the industry marketplace," says managing director Faruk Yerli. "We see a lot of potential in the Crycash concept, and we were impressed by the Crycash team’s innovative approach to creating practical products and tools for gamers."

Crycash officially launches on December 12th with a token sale starting at 11 a.m. Pacific. It runs through January 15th. People who buy within the first 120 hours of the sale will get a 15 percent bonus. The bonus shrinks by one percent each 24 hours until December 31st.