How to trade and earn on in-game goods between ALL video games
The review of the new marketplace based on blockchain
For 13 years I have been playing video games. I’ve tried everything – from Counter Strike to World of Warcraft. To earn or create in-game items is a part of my gaming experience. It’s true that so-called 'crafting' is often a part of the gameplay, and that stands for creating objects in the game world such as clothing, equipment, vehicles, swords, guns, ammunition or even spaceships altogether with a multitude of things.Many games such as Counter Strike, Team Fortress 2, Dota or World of Warcraft not only allow players to earn various items but also allow to trade those within the game. These exchanges create in-game economies where some gamers earn virtual money, and then trade it for the items they want from the players who were lucky enough to get a rare drop during the game. Not all of the gamers are that lucky – more than 90% of them do not have the privilege to buy and sell their items. Therefore they do not have an opportunity to monetize their time spent in-game.
It seems that the guys from DMarket created a platform that will solve the problem.
What is DMarket
It 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. As its CEO Vladimir Panchenko mentioned in one of his interviews: “DMarket will allow more than two billion gamers to buy and sell their items. Existing games and platforms are currently covering only 6% of gamers worldwide. We will give this opportunity to everybody”.Being a PRO-gamer I say that it is great.
How it became possible?
The answer is blockchain technology. It made everything possible. Before DMarket there were some platforms with the similar idea, but different approach. Technology actually lies at the core of the problem. To make trading possible on a large scale, hundreds of thousands of databases needed to be synchronized. DMarket is using a decentralized database on blockchain to address this. In the case of Dmarket, it would have been impossible to unite thousands of developers and millions of game universes without blockchain technology. At this point, blockchain and smart contracts are the only way to merge any game and any publisher into a single system.
The important part is that a sale or exchange of any virtual item from any game or platform can happen in one click. This turns each and every virtual item into real commodity for billions of gamers worldwide.
DMarket tokens
Yes, they have their own DMarket tokens. Every purchase, sale, exchange or any other transaction on their platform will require the use of DMarket tokens. New York Times has mentioned DMarket token in its fresh review on cryptocurrencies.
The first round of token sale, according to the company’s web, is planned for 17th of August. It will last only for 4 days. There will be the second round of sale in October, and that’s it. The company claims that the price for token in the second round will increase by 25%.
Why would you buy it? Well, it’s up to you. I know only that the amount of trading and exchanging transactions on the platform will naturally grow fast over time and so will grow the need for the tokens. And their amount will be limited. For me it is the best guarantee of value.
More about gaming and blockchain match in my next blog. Stay tuned!
That's awesome.. I showed my brother he's been playing all those games for like a decade!
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Nice like gaming trade hope it will succeed and kill opskins.
good idea but do games like these have in-game marketplaces as well?
Ini adalah pasar cross-game pertama yang memungkinkan gamer dari seluruh dunia untuk memperdagangkan atau menukar barang dalam game yang berasal dari platform game manapun. Seperti yang dikatakan oleh CEO Vladimir Panchenko dalam salah satu wawancaranya: "DMarket akan memungkinkan lebih dari dua miliar gamer membeli dan menjual barang mereka. Game dan platform yang ada saat ini hanya mencakup 6% gamer di seluruh dunia. Kami akan memberikan kesempatan ini kepada semua orang. "Menjadi seorang PRO-gamer saya mengatakan bahwa itu bagus.
Amaizing post. Follback brother
Does it have Dota 2?
Good post!
I want it to have path of exile so I dont need to use POE trade anymore
GIVE ME CRYPTO for inside goods
So your largest competitor will be sites that D2JSP, and Player Auctions, which have been doing this service for 10+ years, and one of which already has their own currency in existence. How are you going to be side stepping the legality of fraud? If Dmarket Tokens are given a USD value, you're assisting in the sale of stolen assets because items in games are solely owned by the developers only, and are "lent, or loaned" to players, in a EULA type agreement, stating that they can't sell or exchange their property for real currency.
Have you guys actually addressed this, or are you hoping that the anonymity of doing transactions on the blockchain can assist in you avoiding lawsuits by every major game developer in the world?
Also, who is going to be going into the games and handling these physical transactions? How are they going to be untraceable to prevent your own users from being banned from the games because you do a blatantly obvious RWT transaction. Do you have experience with preventing account exposure in video games, and protecting your customers from taking losses from bans?
What means of security do you have for items that sit in limbo while they wait to be sold, how will API's detect actual transferal of these items, because many API's can't see individual inventories on these games. Where will these items/gold be stored, who is storing them? What will prevent accounts from being banned and losses being taken by players, while you're holding their currency/items? Are you covering these losses by your own companies money if your 'mules' are banned while awaiting transactions?
All of the most important questions are not addressed in this article, which makes me wonder if you guys have actually handled a company or worked in a market that is considered a 'black market' type of transactions.
It seems that DMarket provides additional monetization opportunity for game developers. Therefore all the rights for in-game items should rightfully belong to their owners - game developers. Smart contracts should allow transferring the items from player to player, reserving all the rights for the items for game studios.
These guys are already signing agreements with game developers to make this work. They've already shared that GSC Game World (Cossacs, S.T.A.L.K.E.R. and future new projects) and Tatem Games (Carnivores, Vivesector, Cryostasis) are supporting the project. Not the biggest fish so far, but they are in the crowd funding stage now and promised to announce more later. We'll see.
nice!
altcoin future is not good
Hi
Great post mate.
What is your thoughts on GAME credits?
I have a large position with them.
I also hold a decent chunk of Game credits and from there website etc, I think they will do well over the longer term.
Agreed, but like Reddcoin, when are they going to get fucking started!
same here for Redd and Game!
You sound very interesting according to your profile do you care to join us in the #ADSactly Discord to meet the rest of the @ADSactly Community? http://Discord.me/adsactly
It looks promissing, I want to invest some on that token. Of course you never know. I wonder how much a token.