Bitguild: Blockchain-based new generation gaming platform
Gone are the days of waiting in long lines to collect new games. With the emergence of the internet, games can be easily purchased online. Actually, some of today's hottest games do not even need to be purchased; the development of the "freemium" business model has proven to be the most profitable revenue plan for the game. Despite the growth of the gaming industry, many games are having a hard time penetrating the developing world so there is still a lot of potential growth left behind unscathed.
The current situation
People have and play a lot, lots of games on many devices. Each game has its own economy, its own goods, and its own currency. Once a person is no longer interested in the game or the game ends, the hard work put into earning game currency and goods can not be liquidated.
The economic loss of this scenario is huge because the freemium business model has proven that people are more than willing to pay for virtual goods and currency even though their goals are limited in one game only. However, most residents still survive participating in such transactions because they realize that the amount spent will be a very expensive cost if they switch to a new game. Business can not monetize the potential of in-game transactions to the fullest.
There is a clear chance to create more integrated interactions in games that can increase the revenue of the gaming industry and deeply knit the gaming community.
Power Up with BitGuild
The BitGuild team has a clear outline of the problem in the gaming industry and will utilize blockchain technology to provide seamless solutions. The team behind BitGuild has introduced a PLAT token that will serve as the universal currency in the game.
Since any item will be able to be converted to and with a PLAT token, any item in the game will soon become a monetizable asset. That is why the team has clearly explained that they will be providing the most unique crypto wallet ever: The BitGuild wallet will not only support the PLAT token, but will also support the virtual game assets of games that adopt the PLAT tokens.
The immediate benefits of BitGuild's proposition are two-fold:
Gamers win
Gamers can now participate in gamers in the global network and the internal economy is fully developed within the gaming community. This corresponds to the fundamental economic concept of absolute advantage: the better gamers in game A will be able to sell their income from it to a better player in game B.
This will give gamers an incentive to interact more with other games and thus the internal interactions of the gaming community. In addition, it will bring extreme liquidity to the gaming market, and will not hold gamers back with guilt for charred costs if they spend money on virtual goods.
Game Developer Win
The game market as a whole will face explosive growth. As players interact more with their games and other players, they will be more aware and tempted to try new games and more. This brings increased adoption to the overall market and provides incentives for innovation because it will not be too difficult to penetrate the market.
In addition, games can optimize their revenue channels because more players will interact with more games. This will lead to an increase in player base. Finally, as PLAT tokens will be universal, game makers will have an easy time with players who purchase virtual goods.
Even games that drive revenue through game sales will actually be profitable. Consumer income varies worldwide and some people have more time than others. Those who have more time will be able to work on virtual goods to then get the PLAT and buy more games. The PLAT economy will truly transform the game of reach in both developed and developing countries.
USEFULL LINKS
Twitter: https://twitter.com/BitGuildPLAT
Medium: https://medium.com/@bitguild
publisher: Ndox Bekasem
my Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1565176
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