Startup Aims to Bring Blockchain To 200,000 Developers And 1 Bln Gadgets

A Singapore-based company Egretia is aiming to combine HTML5 - a technology to structure and present content online - with blockchain to create the world's first HTML5 blockchain engine and platform.

"Currently, users of HTML5 games already account for 47 percent of all mobile game users," the company said in the white paper.

Is the HTML5 market set for growth?In 2017, the market size of HTML5 games in China exclusively exceeded 10 bln yuan - more than $157 mln - and continues to grow.

Peter Huang, Egretia's founder, believes that by combining blockchain technology with HTML5, developers will be able to rapidly come up with new blockchain applications.

"Creating a blockchain gaming technology service provider seems relatively early, but we feel that this is a promising direction to take," Peter Huang, said in an interview published on the company's blog.

"Four years ago, our opinion regarding the development of HTML5 games was that HTML5 gaming certainly could have better performance on the mobile platform. Now Tencent, Facebook, and other internet giants all have a HTML5 game line."

Facebook released HTML5-based Instant Games with more than 1 bln daily active users.

Egret Technology has been focusing on HTML5 for more than four years and currently has 200,000 developers across the globe.

In the future, developers would be able to use the system's digital token, Egreten, in their own games.

Egretia's team consists of passionate game industry veterans, professional developers, investors, blockchain technology advocates, and entrepreneurs.