PROJECT OVERVIEW.
Presale date: 30 October 2017.
ICO date: 3 November 2017.
DMarket is the first cross-game marketplace that allows gamers from all over the world to trade or exchange in-game goods originating from any gaming platform.
What makes this platform stand out is the fact that it does not charge its member a fee in order to trade. You can trade as you wish and get to earn money from your gaming skills.
BACKGROUND.
Every minute spent in-game leaves us with some virtual goods. It could be a new armor, a fancy car or just a pile of crystals. But there is no easy way (or no way at all) to trade all these assets among billions of garners around the world.
2.3 billion people play games every day on different platforms and devices. The gaming industry reached $100 billion of revenue in 2016 and is booming. But just 6% of global game audience has an opportunity to make profit on trading the in-game items. In 2016 the turnover of the in-game assets’ trade reached $4 billion. And still 94% of garners worldwide cannot participate in global trading.
The core issues that lock in-game item market development are technology and trading security. During every other trade, hundreds of thousands of databases from every game and every publisher have to be synchronized with each other. But the most important factor is that there is a risk of third-party interference in the trading process.
DMarket resolves both issues with blockchain technology. By offering an opportunity to buy and sell in-game assets to all gamers globally, DMarket creates a new in-game item economy worth more than $450 billion and turns virtual items into real assets with the help of blockchain technology.
HOW IT WORKS.
DMarket is based on smart contracts and blockchain technology to be secure, user friendly, and reliable. Smart contracts are the bridge on blockchain to connect all game worlds and universes without any third party needed. They will log changes of ownership and automatically transfer payments.
DMarket has created an API that every game developer can take advantage of to connect their games to thousands of people across the globe, increase the revenue and grow the gaming community. Also DMarket API has many business opportunities for other entrepreneurs. Items stored on DMarket blockchain can be integrated into popular online shops, used as a payment method or loans, or even on stock exchange.
USERS.
For Gamers.
DMarket will provide an opportunity for every gamer (DMarket user) in the world to be able to evaluate their time, skills and luck. Gamers will be able to perform easy one-click buy/sale, exchange and evaluation of every possible game asset, item, skin, design or mod. To make this possible, each DMarket user will be provided with a wallet on a full-time basis. The wallet will preserve all data in the decentralized DMarket database and interact with users, utilizing smart contracts.
Developers.
DMarket’s developer’s API is a ready-to-use solution for giving value to any digital item, whether it is skins, gems or other items, as well as for the item monetization. First, libraries and integration will cover most popular engines, such as Unreal, Cry Engine and Unity 3D. That will open DMarket integration to most games on the market. Then, they will add custom engine support (the choice of the next engine will depend on the audience and community vote). Also they are working on a mobile solution for iOS and Android.
They have a roadmap for single player PC games, multiplayer PC games, free to play PC games, pay-to-win mobile games, free-to-play mobile games, console single and multiplayer games.
Online businesses.
DMarket API is suitable for every online business that is involved in any kind of in-game items trading. For instance, the in-game items integration into online store with real goods; the gaming assets usage as loans and payments; providing rare items as awards, etc.
DMARKET TOKEN USES.
- As a currency, in case of buying/selling in-game items.
- For deducting fees for trading in-game items.
- Delivering the sales commission to the owners of the rights on digital property.
- Buying premium accounts for wholesalers and individual sellers.
- For Big Data-analytics acquisition.
- To postpone service fees, based on smart contracts which are sourced from one DMarket user to another.
ROADMAP.
HOW ADVANCED IS IT?
DMarket’s alpha version (testnet) launches in October.
SIMILAR PROJECTS.
Beyond the void.
Beyond the void have created a decentralized platform on Ethereum that allows gamers to exchange merchandise from games outside the game environment.
“With the advent of smart contracts, you can use blockchain to create and share unique digital assets,” says Eric Bergel, ‘Beyond the Void’s CEO. - The regulator’s credibility is no longer necessary because blockchain is a decentralized system; virtual items are not stored on a private server, but via a blockchain which is available to everyone. “If you have an asset on blockchain, no one can take it from you, and you have complete control over it.”
Digital objects are an increasingly important part of the human experience: from in-game goods, digital cards and art that we collect, to digital books and music, and items we exchange on social networks.
BLOCKv provides developers with the building blocks to design the experiential economy of the future and unlock new revenue generating opportunities for businesses within this growing ecosystem. The BLOCKv platform enables the creation of smart digital objects on blockchains unlocking the potential to rapidly engage end-users and traverse digital and real-world environments. These smart objects, called vAtoms (Virtual Atoms) combine code with multimedia elements and are dynamic, compelling digital goods that make a cryptocurrency come alive as an asset for developers, brands and end users.
Enjin is introducing Enjin Coin (ENJ), a new cryptocurrency (ERC20 Token) and smart contract platform that gives game developers, content creators and gaming communities the required crypto-backed value and tools for implementing and managing virtual goods. Enjin will develop an open-source software development kits (SDKs), wallets, game plugins, virtual item management apps and a payment gateway platform.
GoNetwork.
GoNetwork is disrupting the trillion dollar virtual content and mobile economy! Their mission is to move virtual goods to the blockchain by creating the first ever decentralized virtual goods commerce platform. They are creating a future where all the virtual contents that you purchase on the web or mobile will sit on a decentralized blockchain. Buy, trade or exchange virtual goods - every transaction will benefit the content creator, node operators and GoToken stakers.
OPSkins.
Based in Montreal, OPSkins is a long-established escrow system for the sale of virtual gun designs, also known as skins, earned from playing such first-person shooter video games as Counter-Strike: Global Offensive, Call of Duty, and others. The skins have no utility within the game, but are cosmetic enhancements for in-game tools.
To cater for the growing demands within the in-game item trading industry, the all-star team behind OPSkins is launching a new project: the Worldwide Asset eXchange, or WAX for short. WAX is a decentralized, blockchain-based platform for virtual asset trading, as well as a dedicated smart contract token for transactions on this platform. In essence, WAX will allow anyone to create a marketplace for trading virtual assets. The WAX Token will allow users to trade between these marketplaces seamlessly.
HOW IS IT DIFFERENT FROM OTHER PROJECTS IN THE SPACE?
DMarket is a cross-game marketplace that allows the trade or exchange in-game goods originating from any gaming platform.
