Even though the game industry has been growing at a healthy rate, maturity in the console market, as well as on mobile have made business difficult for small and mid-sized game developers – as well as for many participants in the market. The industry, especially in North America, has also been slow to adopt new technologies such as blockchain and cryptocurrency, even though the potential around utilization seems painfully obvious.
Venture Beat recently predicted “Blockchain could trigger the game industry’s next evolution” but the model currently holding investment, development, and the gaming community together is outdated, and overdue for a seismic shift and a new direction. Blockchain is one of the most versatile technological advances of the last 20 years. And that evolution is what led BIT.GAME to explore, and ultimately deliver the world’s first blockchain game exchange.
At the dawn of Apple’s App Store, the game industry experienced a renaissance, as independent developers finally gained access to customer pools in the millions. Careers were launched, new genres were invented, and innovative new titles captivated audiences old and young, all over the world. Blockchain gaming has the potential to be this generation’s renaissance as games will no longer be forced to deal with the limiting economics of isolated, immobile tokens & currencies. And that is what BIT.GAME is banking on.
BIT.GAME’s blockchain games are decentralized, autonomous communities built to serve players, developers, and investors alike. Everyone is on an even playing field. Tokens are issusing in blockchain games which control flow, behaviors, and the economics of the community.Therefore, all players can participate in token mining and have input on the community by way of voting on Token shares.
In short, this innovation could be the huge opportunity that independent game developers need. In the US, where there is much deliberation around the legality of ICOs, cryptocurrencies, and tokenization, a solution like BIT.GAME’s could be exactly what the game industry has been waiting for and anticipating. The company’s self-described mission is to lead the rebuilding of a new global gaming ecosystem. A large task, but something that can be done, and could change the gaming landscape for generations to come.
Ever since BIT.GAME’s launch at the 2018 TokenSky Blockchain Conference, the project’s reach has expanded beyond just developers and the gaming community, as the company cooperates with various renowned enterprises including public blockchain, blockchain investment funds, and game publishers, to ensure the improvement of the development of blockchain game collectively. If the project succeeds in its mission, BIT.GAME will have a hand in the evolution of a thriving, more equitable, and more harmonious global game economy.
BIT.GAME also solves for what has traditionally are costly- and time-intensive development undertaking – utilizing Blockchain. Historically, blockchain development has been very time-consuming and resource-intensive. Without the development talent to truly take advantage of the blockchain wave, developers, especially small-and medium-sized studios, are at a risk. BIT.GAME opens up a brand new world that helps the entire gaming market, from top-to-bottom. Innovation, investment, and more scalable game economics will be available at speed and scale, never before seen by the industry.
The system is designed so game developers and investors will have some initial tokens. Other tokens will then be storing in the mine pool for game players to mine. Secondly, the mining based on PoC contribution will become the standard in the blockchain game. All players can participate in token mining and all incomes of the blockchain games will distributes to each holder according to the number of the existing tokens. Tokens are the unique currency in circulation in the game. However, all virtual props are transacts, and game incomes are distributed via the Token.
When market prices experiences big movements, most exchanges struggle to charge and withdraw tokens due to internal control mechanism-triggered mobility problems. BIT.GAME’s exchange service solution EaaS (Exchange-as-a-Service) aims to solve the pain points of insufficient transaction depth, liquidity, and mobility to provide front-end exchange entrance deployment and back-end technical support for traffic entrance, project entrance, and platform entrance. However, below are some more of the project’s key features:
BIT.GAME Exchange. An asset exchange platform and technology provider who serves the Blockchain Game. By bringing together the worlds of blockchain and gaming, the exchange aims to provide authentic and verified transaction services and game assets to 2.2 billion gamers all around the world.
BIT.GAME Solution. BIT.GAME is working to form the world’s biggest Blockchain Game ecosystem by providing a complete set of Blockchain Game solutions for game companies. BIT.GAME will support game developers with a solution to quickly develop new blockchain games based on Ethereum, Achain, Qtum, TrustNote etc. This solution will also offer blockchain game players a shortcut to trade on the BIT.GAME exchange.
BIT.GAME Platform. The BIT.GAME platform offers technical support, incubation funds and asset trading for innovative, high-potential projects. This injects much needed liquidity into the game ecosystem to ensure the community as a whole progresses to keep up with the markets tasted and preferences.
GBGU (Global Blockchain Game Union). BIT.GAME cooperates with various renowned enterprises including public blockchain, blockchain investment funds, as well as game publishers, to construct a global blockchain game league to foster development of the blockchain game collectively.
For More information:
Official Website: BIT.GAME
Note: This press release is for an informational purpose only. Coinpedia is not responsible for the accuracy of the content provided in the article. Thereby, readers are advised to consider company’s policy & T&C before making any investment.