EPIK TOKEN: The Future of Digital Collectibles

adebits (11)in #blockchain • 6 years ago (edited)

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It is a known fact even to a novice that Digital platforms such as video games, social networks and messaging services are part of the Internet revolution that is experiencing explosive growth and this growth comes with its opportunities strategies, and challenges for monetization. However, monetizing them is not always easy for contents developer because users always think they are entitle to free service and this has led to companies selling costumers data annoying third party advertising in order to make money from their contents.

The best way to monetize these digital platforms is to find creative ways to sell products to its users and this can be achieve by selling virtual goods to them. Virtual goods are items that only exist within the scope of the digital platform and do not actually exist in the physical world. They are highly profitable because essentially they are intellectual property and do not have the higher costs associated with real world manufacturing, labor, and distribution. They are also not restricted by geographical location and their creation has a one time that cost t but unlimited distribution so profits can scale indefinitely.

The project that am sharing with you friends aim to take a leading role in the monetization of virtual products using blockchain technology. Companies will be able to sell virtual goods on the platform, it will serve as a global virtual goods marketplace that will be powered with Epik tokens on Ethereum blockchain. The token will be use for transactional purpose in the ecosystem. All transactions history will be recorded on blockchain which will be verifiable by anyone.

The platform is also proposing a solution to develop its own blockchain within a year of operation to solve the issue of transaction scalabilty and confidentiality, this all inclusive blockchain platform will be called Helium.

Blockchain Licensing Marketplace(BLMP)

BLMP (Blockchain Licensing Marketplace) is a B2B2C blockchain company processing B2B2C transactions and providing value through efficiency, traceability, and security. BLMP is pioneering licensed virtual goods and the mission of BLMP is to connect the intellectual property licensing industry with digital platforms. BLMP leverages crypto-token technology built on blockchain as a means to very easily produce and exchange liquid value in digital ecosystems.

BLMP will reduce friction and leverages blockchain technology to create a unique collaboration network where short term licenses can be created and enforced on the blockchain.

BLMP will also use blockchain technology to manage the production and fulfillment of these virtual good items. BLMP covers the entire virtual goods supply chain including the creation, tokenization, and provenance of these licensed virtual goods items.

The last but not the least, BLMP processes the end consumer transactions for the virtual goods items ensuring that all parties involved are automatically compensated tractably, securely, and efficiently.

Benefits Of BLMP Ecosystem

BRANDS-By joining the BLMP network, brands can scale and expand their reach with better control over their partnerships while gaining granular insights that were previously impossible because of the lack of transaction transparency and traceability. BLMP intends to develop a network where brands can easily follow their intellectual property indefinitely on the blockchain all the way from product creation to eventual ownership to resale markets.

DIGITAL PLATFORMS- For digital platforms, joining BLMP means keeping total creative freedom over their digital ecosystem with no restrictive or long-term licensing contracts. Digital platforms can pick and choose and only propose licensed virtual goods that they determine would be the right fit for their digital ecosystem. With this flexibility, digital platforms can expect to keep their existing revenues, get help with user retention, and gain additional income from licensed products for sale whenever they choose.

CUSTOMERS- Customers benefit from companies joining the BLMP network because adoption becomes simple as they only need to manage one account which can be created within the digital platform of their choice without the need to fully understand crypto wallets. Customers can choose their favorite digital platform to create their account and then have access to that account across all other participating digital platforms. But more importantly, customers benefit because they get the freedom to purchase the things that they already love, everywhere.

Epik Utility Token And ICO Details

The EPIK utility token will be used to facilitate the creation, distribution, and sale of licensed virtual goods. By leveraging the technology of blockchain, brands will be able to distribute their virtual goods through a network of virtual economies with digital platforms acting as retailers.