EPIK TOKEN The Future of Digital Collectibles.

The gaming market is leading with virtual assets, the gaming market generates approximately $15 Billion annually creating room for start-ups wit quality products to be able to get a share of the revenues. Gaming platform generate the majority of their revenue from selling virtual products such as lives, tokens to be used towards purchasing assets on the game among others.

The problem with the market is centralization of platform creating no room for start-ups to penetrate the lucrative market, coupled with registration and licensing issues the market has been considered one of the most fragmented markets for virtual products.

One of the projects solving this problem using modern technology is BLMP, the plan is to create a network of collaborators that are united towards facilitating the registration and licensing process, through partnership with major established licensing companies, BLMP will have a competitive advantage to be able to establish itself among the best platform in the market. They have partnered with Evolution and BDLabs the leading companies in the gaming industry.

Blockchain Licensing Marketplace (BLMP) Platform.

With the growth of technology, the gaming industry has witnessed an explosive growth for virtual goods market, the platforms leading the growth are gaming and social networks. This is a very lucrative market for virtual goods but monetizing them is a challenge considering the high fragmentation of the market and the community expecting the services and assets to be provided to them for free.

Making money in these platforms is a challenge and BLMP has a solution that is geared towards monetization of virtual goods, but to begin with, creativity in the process is very vital towards making this strategy a success.

BLMP plans to create a single platform that makes it easy for businesses to business, businesses to consumers operations effectiveness through a tokenized economy and also assist in licensing virtual goods. In a decentralized environment virtual goods have a market that is borderless. Through BLMP companies and individuals will need to register their virtual assets once for branding purposes and the decentralize market will offer unlimited distribution that can scale thanks to the innovative features of blockchain technology.

EPIK TOKEN.

To facilitate the tokenized economy, BLMP has created a sovereign token (EPIK Token) that will be used in the platform towards processing smart contracts in licensing, tokenization, distribution of virtual goods and also be used as a medium of selling virtual goods. This will allow the processes to be transparent where the processes can be easily tracked and validated on the blockchain network.

Conclusions.
Virtual assets market can generate a market for their products and create demand room for them through creating limited number of virtual assets, the virtual assets needs to be able to be useful to the consumer.

By using blockchain technology, BLMP will be able to facilitate creation of virtual assets, distribute them in a decentralize market creating new opportunities for developers and facilitate sale of licensed virtual assets.

I’m a gamer myself and I have used virtual assets such as weapons, clothes and characters, I play PUBG a lot and this are my main purchases, the demand and use of them is paramount on the platform and gives the user a competitive advantage. I believe with the facilitation of the operating processes we will be able to witness a growth of more useful virtual assets in our gaming world.

References.
WEBSITE: https://www.epiktoken.io/#collectible
WHITEPAPER: https://www.epiktoken.io/assets/pdf/BLMP_whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=4473798.msg40143678#msg40143678
TELEGRAM: https://t.me/EpikToken
FACEBOOK: https://facebook.com/EpikToken
TWITTER: https://twitter.com/epiktoken
MEDIUM: https://medium.com/@BLMPNetwork

All images credited to EPIK Official Website

Author BitcoinTalk profile link: mhgeekiyanage https://bitcointalk.org/index.php?action=profile;u=2164538;sa=summary