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Smile was created to decentralize gaming activity by allowing users to view, manage, and track their gaming activity on an open, public infrastructure. The blockchain-based network was designed to leverage AI tools to create a decentralized platform for gamers who desire to manage and control the use of their gaming data.
Its offerings were to include streamlined financing for gaming companies and alternatives for payment processing. In 2021, it was established by Nick Bucheleres, Taj Tarsha, and Robert Burden to offer a solution to payment processing and domestic banking regulations in the gaming industry.
Taj Tarsha, cofounder and head of dApp development, said in an interview,
“We’re excited to continue developing rapidly to transform the way both companies and players interact with gaming applications on and off-chain. After migrating our project from Ethereum, we’re taking full advantage of the developer tools available on Algorand, including an update on accessible languages and the Algorand Virtual Machine (AVM), which empowers Smile Coin’s application accelerating the future of DeFi gaming.”