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OpenBlox Stock

OpenBlox

OBX

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OpenBlox Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BybitOBX/USDT00035,335.190cex14/18/2025, 10:03 AM
TRIVOBX/USDT03.692.5624.740cex15/14/2025, 10:09 AM
TRIVOBX/IDR03.692.5600cex15/14/2025, 10:09 AM
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OpenBlox FAQ

{ "q": "about", "a": "OpenBlox has developed its own distinctive character design, customization mechanisms, and economic systems governing all games within its ecosystem. A shared feature across these games is that characters and their customizable attributes can not only be resold as NFT objects on a marketplace but also be reused across different games.\n\nOpenBlox is in the process of developing three games along with various Web3 lifestyle applications that will be available to users. The first application, RunBlox, is currently undergoing community testing and will soon be released to the general public.\n\nLater in 2022, the team plans to launch RougeBlox, a strategic turn-based card game, which will be followed by ActionBlox and LandBlox.", "rank": "0" }

### What is OpenBlox? OpenBlox is a distinguished cryptocurrency known for its innovative approach in the digital asset space. For detailed and up-to-date information on OpenBlox, including market performance and analytics, please refer to Eulerpool, our comprehensive resource platform.

OpenBlox (OBX) is more than just a cryptocurrency; it represents a comprehensive digital ecosystem where participants interact with unique NFT characters called Blox. Initially developed on the Ethereum network, OpenBlox is planning a shift to L2 Arbitrum to enhance scalability and transaction efficiency. Its ecosystem is propelled by an NFT marketplace, utilizing Ethereum, Avalanche, and Arbitrum blockchains to support gaming NFTs. Within OpenBlox, players have the opportunity to collect, battle, breed, and explore with their Blox, each of which has distinct attributes that can be customized and resold. This adaptability enables characters to be used across various games in the ecosystem, delivering a cohesive gaming experience. The platform is in the process of developing three games and several Web3 lifestyle applications, with RunBlox currently undergoing community testing. RougeBlox, a strategic turn-based card game, is scheduled to launch later in 2022, followed by ActionBlox and LandBlox. The OBX token is integral to the Blox NFT marketplace, facilitating transactions and nurturing a vibrant community of gamers and collectors. OpenBlox's innovative strategy to incorporate blockchain technology into gaming establishes it as a significant player in the evolving realm of digital assets and decentralized applications.

What technology underpins OpenBlox?

OpenBlox is a compelling integration of blockchain technology and gaming, utilizing non-fungible tokens (NFTs) to cultivate a dynamic and interactive ecosystem. Fundamentally, OpenBlox functions on the Ethereum and Arbitrum chains, leveraging the Ethereum Virtual Machine (EVM) to ensure compatibility and scalability. This architecture enables OpenBlox to capitalize on the decentralized nature of blockchain, offering a secure and transparent environment for its users. The blockchain technology underpinning OpenBlox is crafted to thwart attacks from malicious actors through a combination of cryptographic techniques and consensus mechanisms. By employing a decentralized network of nodes, the blockchain ensures that no single entity can dominate or manipulate the data. This approach resembles having multiple copies of a ledger distributed across various locations, where each copy must concur on the transactions recorded. Consensus is attained through algorithms that validate and verify each transaction, making fraudulent activity exceedingly difficult to conceal. The integration of NFTs within OpenBlox plays a pivotal role in its ecosystem, especially in gaming and web3 applications. NFTs are distinct digital assets that signify ownership of specific items or characters within games. These tokens can be customized and traded, offering players a tailored gaming experience. The OBX token is essential to this ecosystem, functioning both as a governance tool and a utility token within the games. It operates on the Avalanche C-Chain platform, renowned for its high throughput and low latency, thus suitable for gaming applications. The versatility of OpenBlox is further underscored by its character design and customization mechanisms. Characters within the OpenBlox games can be altered and enhanced, with their attributes being transferable across different games within the ecosystem. Consequently, a character developed in one game can be utilized in another, providing continuity and value to the player's investment in their digital assets. OpenBlox extends beyond individual games; it is building an extensive suite of web3 lifestyle applications. Among the initial applications, RunBlox is undergoing community testing and will soon be available to a broader audience. This app, alongside others like RougeBlox, a strategic turn-based card game, and ActionBlox, highlights the diverse applications of OpenBlox's technology. Each of these applications exploits the blockchain’s capabilities to offer distinct experiences that are secure, transparent, and user-centric. The economic model of OpenBlox is also significant. By permitting characters and their customizable attributes to be resold as NFTs, the platform establishes a marketplace where players can trade and monetize their in-game assets. This not only augments the gaming experience but also introduces a novel dimension of economic interaction within the digital realm. In terms of security, OpenBlox employs various strategies to protect its ecosystem. The blockchain's decentralized nature, combined with smart contracts, ensures that transactions are executed automatically without intermediaries. This diminishes the risk of human error and potential fraud, establishing a robust framework for secure interactions. OpenBlox's dedication to innovation is evident in its ongoing development of new games and applications. By consistently expanding its offerings, OpenBlox endeavors to create a vibrant and engaging environment for users, where technology and creativity converge to deliver unparalleled experiences.

What are the practical applications of OpenBlox in the real world?

OpenBlox (OBX) is establishing itself in the digital gaming realm by providing a dynamic ecosystem where players interact with unique NFT characters known as Blox. These characters are not merely static images; they can be collected, battled, bred, and explored within the OpenBlox universe. Each Blox is unique, with its appearance and abilities shaped by elemental layers—water, fire, and green—adding complexity to gameplay and strategy. The OpenBlox platform extends beyond gaming; it serves as a marketplace where these NFT characters can be traded, enabling players to monetize their gaming experiences. This trading feature adds a financial aspect to gaming, in line with the increasingly popular play-to-earn model. The genetic system within OpenBlox further enhances the experience by determining each Blox's abilities, making each character distinct and valuable. OpenBlox's scope is not confined to a single game. It is in the process of developing a series of games, starting with a Rogue-like PVE, and plans to expand with titles such as RougeBlox, a strategic turn-based card game, and ActionBlox. These games share a unified framework, allowing characters and their customizable traits to be utilized across various games, enhancing the continuity and value of players' investments in their Blox. Functioning on the Ethereum network, OpenBlox intends to transition to L2 Arbitrum, potentially offering enhanced scalability and reduced transaction costs. Beyond gaming, OpenBlox's NFT and blockchain technology have potential applications in numerous industries, including finance, banking, and supply chain management, although these applications are currently more speculative. The development of Web3 lifestyle applications like RunBlox further underscores OpenBlox's aspirations to integrate blockchain technology into everyday digital experiences.

What significant events have occurred for OpenBlox?

OpenBlox (OBX) has distinguished itself in the blockchain gaming arena, offering an exceptional mix of character design, customization, and economic systems throughout its ecosystem. The inception of OpenBlox was marked by the launch of its closed alpha test in 2023, a critical milestone in its development path. This stage enabled the team to gather essential feedback and refine their products prior to a broader release. The debut of their initial game, Rogue-like PVE, further cemented OpenBlox's position in the gaming sector. This game, with its captivating player-versus-environment mechanics, demonstrated the potential of OpenBlox's innovative approach to the amalgamation of blockchain technology and gaming. The game's launch was a significant event, underscoring the platform's commitment to delivering immersive experiences. OpenBlox's strategic roadmap includes transitioning to L2 Arbitrum, a move intended to enhance scalability and decrease transaction fees. This planned migration highlights the platform's dedication to utilizing advanced blockchain solutions to elevate user experience and operational effectiveness. A standout feature of OpenBlox is its genetic system for Blox NFTs, which enables unique character customization and cross-game usability. This system allows players to transfer and reuse their customized characters across various games within the OpenBlox ecosystem, adding depth and continuity to the gaming experience. Complementing its gaming offerings, OpenBlox is venturing into Web3 lifestyle applications. The first of these, RunBlox, is currently undergoing community testing and is set for wider release. This application signifies OpenBlox's entry into lifestyle applications, expanding its reach beyond conventional gaming audiences. In looking forward, OpenBlox plans to release several additional games, including RougeBlox, a strategic turn-based card game, followed by ActionBlox and LandBlox. These forthcoming releases aim to further diversify the platform's gaming catalog and attract a broader user demographic. The cryptocurrency market's dynamic nature means that OpenBlox, like many digital assets, experiences price fluctuations. While there is potential for considerable growth, the inherent volatility and risk associated with cryptocurrencies remain factors for stakeholders to consider. OpenBlox's journey is characterized by its innovative approach to blockchain gaming, strategic technological advancements, and expansion into lifestyle applications. The platform continues to evolve, propelled by its vision of creating a seamless and engaging ecosystem for its users.

Who founded OpenBlox?

OpenBlox (OBX) stands as a vibrant entity within the gaming and Web3 ecosystem, distinguished by its unique character design and the cross-game utility of its NFTs. Leading this pioneering project are Dr. X and Crypto Founder "King Karan." Dr. X offers extensive experience in blockchain technology, playing a pivotal role in the technical framework of OpenBlox. In parallel, "King Karan" is recognized for his strategic vision and leadership within the cryptocurrency arena, fostering the project's growth and enhancing community engagement. Together, they are central to directing OpenBlox's path, which includes the creation of games such as RunBlox and RougeBlox.

Investors interested in OpenBlox are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.