World-renowned technology and software firm, Microsoft has announced its strategic collaboration with Singapore-based blockchain gaming platform Enjin to launch a highly anticipated incentive scheme branded as Azure Heroes. The integration between the two leading firms has led to the kickstart of the reward scheme dedicated towards the Azure community members to recognize their contribution in facilitating the cloud computing solution in strengthening its roots into the crypto marketspace.
According to the latest piece of information, the incentive program will provide collectible “badgers” to the Azure community as a thanking token for their help in popularizing the platform. The official blog published by Microsoft revealed that the community members should be entitled to earn five specific badgers namely: Inclusive Leader, Content Hero, Community Hero, Mentor, and Maker.
“Microsoft and Enjin have collaborated in a local pilot to create a blockchain based recognition programme. The Azure Heroes badgers were created in a number of original and unique designs which have been tokenised into a digital asset on the Ethereum public blockchain,” stated Microsoft.
The total volume of the badgers stands at 11,700 in which the majority portion of 10,000 badgers is being held by the Maker badger. The newly launched tokens are non-fungible, and the users will be able to store them on their Enjin wallets at their convenience. The tokens shall be operable at the discretion of the owner, who will be able to transfer them to any Ethereum address or destroy them completely. As the project is in its pilot stage, the reward scheme will only be applicable in “selected Western European countries.”
As per the reports, ever since the announcement of the reward scheme has been made by Microsoft, the Enjin’s token has witnessed a huge surge in its value. Its market capitalization now stands at $67 million after enjoying an increase of 42%.
Recently, Enjin grabbed a lot of attention in the financial world when it was revealed that leading venture capital fund Blockchain ventures had purchased a stake in the firm by getting impressed by Enjin’s revolutionary approach in advancing the blockchain gaming industry.
Microsoft had also collaborated with game developer Eidos and gamebook company Fabled to come up with a blockchain-pegged card dueling game. Interestingly, the game will be based on the well-known book “Way of the Tiger” that was unveiled in 1985.