TEDCHAIN: PROVIDING A DECENTRALIZED GAMING ECOSYSTEM BASED ON BLOCKCHAIN TECHNOLOGY

BLOCKCHAIN TECHNOLOGY IN BRIEF

In recent years, the advent of blockchain technology has given the way we interact with each other a face lift with exponential expansion of blockchain on a daily basis as more companies and individuals now embrace blockchain technology. There are more than 2,000 cryptocurrencies in the world each designed to solve a to solve a particular problem and the increase in value of these cryptocurrencies over time has encouraged more investors to invest in cryptocurrencies either to solve an issue of payment or for future gains.

THE GAMING INDUSTRY

The gaming industry which is a huge chunk of the global economy has gained a lot of stakeholders over the years with more players engaging in online games on smartphones and tablets. This is as a result of more individuals using smartphones, tablets and other technological devices which is increasing at an alarming rate with more than 40% of the world population using smartphones, tablets, PC and other devices.

With new innovative games which has attracted more players to online games and downloaded games on their smartphones, more new players have been attracted to online games to enjoy the good tidings embedded in new games published from developers.

THE CHALLENGES IN THE CURRENT GAMING INDUSTRY

However, the gaming industry is faced with a couple of challenges which are not favorable or debilitating to players’ experience as well as the experience of other stakeholders(Publishers, Developers and Marketers).
Most games played online only have the single player feature in which case there is no competition with other players. Here the only competition is when the player compares his score to meet or beat the highest score on the leader board which does not give players the competitive experience they so desire to improve their playing skills.

Additionally, Most games played are not monetized for players such that players can earn while playing a downloaded game or streaming live play online. This is not an encouragement as players get worn out when there is no reward in real value for players as this is a major concern for players.

Also, it is quite hard purchasing virtual goods needed to boost the gaming experience on players for a particular game as most games do not give rewards that can be used to purchase these virtual goods to players and in some cases, certain games require fiat currencies to purchase these virtual goods which are often deal breakers to players.

Similarly, some rewards from a particular game cannot be used on all games in a gaming platform which means players have to earn rewards to be used on a different game. These activities are often too expensive for players who only want boost or improve his gaming experience by utilizing his game resources.

Other stakeholders in the gaming industry such as developers, publishers and marketers are often faced with the challenge of expensive fee in publishing and marketing their games on gaming platforms and in some cases some gaming platforms does not accept games form third party developers to be listed on their platforms and also the challenge of attracting more customers to play newly developed games pose a major concern to the stakeholders as players are gradually losing interest in the current gaming system as a result of lack of trust and empty promises by most developers.

With these challenges in the gaming industry, it is however imperative to proffer a lasting solution to better improve users’ experience.

INTRODUCING TEDCHAIN

https://tedchain.network/ develops a blockchain powered gaming platform that provides decentralized gaming for users with the aim of targeting the gaming industry directly using the emerging cryptocurrency, blockchain and smart contracts technology.

TedChain aims to develop and operate their own game as a proof of concept and a standalone MMORPG on the TedChain gaming ecosystem with a marketing strategy that promises to attract users to the gaming platform and also giving other games publishers the opportunity to have access to user data base .

The games developed on the TedChain will have a connection to the real world which gives the gaming platform a wide target audience and games from third party developers are allowed to be published on the platform to provide players with a variety of games to play.

TedChain will be developing mobile games that allows gamers to earn/mine cryptocurrency as they play and also allows for decentralized and cross platform means of payment which means the cryptocurrency earned on playing a particular game can be used as a means of payment on other games on the same gaming platform by working hand in hand with other game developers in the ecosystem which in turn is cost saving for game players and profitable to game developers.

This game rewarding system provides players with new possibilities to live with their gaming passion and the reward which is in TED utility token can be used for payments across all games on the platform, upgrade of new version of games, purchase and upgrade of gaming tools as well as purchase of new genre of games giving players new experience in different genres of games.

TedChain also develop games with the multiplayer feature and encourage third party game developers to develop multiplayer games to better improve the experience of players and the games developed on the platform can either be played live online or downloaded from the TedChain Mobile App Store and played smartphones, tablets and PCs

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THE TEDCHAIN BUSINESS MODEL

With the TedChain development teams in Europe, America and Asia-Pacific, the TedChain team is set to develop their first game for mobile platforms and market it to the whole world which are connected to the real world and monetized through purchases and revenues from advertising in the game from many game developers that wants to promote their games in the emerging digital markets of Europe, America and Asia-Pacific.

The decentralized gaming that allows the rewards earned from playing TedChain game which can also be used for payment on games from third party developers in the TedChain ecosystem provides real time monetization for gamers as well as other stakeholders and eventually TedChain ecosystem. The TedChain platform also aims to extend it’s gaming services to eSports on the long run so that professional competitions cane be organized and carried out with eSports being a major trend in gaming worldwide and especially in Asia.

TedChain combines exciting multiplayer strategy gaming with the possibility to earn real money which is a better improvement on the existing gaming system by

1. Preventing ‘Pay2win Aversion’ by casual game players
2. Providing Game Mechanics that keeps the players involved.
3. Providing Clear and Rewarding Progressing system
4. The inclusion of a social component .

These features of TedChain above among others give TedChain gaming platform more advantages over its major competitors and provides gamers and other stakeholders an improved experience to live their gaming passion.

TEDCHAIN UTILITY TOKEN

The utility token of the TedChain gaming ecosystem is the TED Token and it is the accepted currency for payments across all games on the gaming platform and it is also the reward earned by players for playing games on the TedChain Platform to fully utilize their TED tokens for a better gaming experience .

CONCLUSION

TedChain provides players the opportunity to earn while player and the TED token earned which can be converted to real/fiat currency and used to purchase all virtual goods or do major upgrades and purchase of new versions or genres of games from third party game developers in the TedChain gaming platform hence attracting a large market audience to the gaming ecosystem.

For more information on TedChain and how you can participate in the ongoing TED Token sale kindly visit the following links

Website: https://tedchain.network/
Whitepaper: https://tedchain.network/google/whitepaper.html

Author

BitcoinTalk Username: Eyez_berg
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2118767