EON Protocol: A decentralized blockchain based gaming platform connecting the developers and gamers

stazhao (61)in #crypto • 6 years ago

Eon Foundation has combined the latest technologies with gaming industry to establish a blockchain based decentralized platform that will connect the developers direct to the gamers.

Before going into details lets discuss a brief overview of the gaming industry. The global game market is growing exponentially, its revenue has already reached $116 billion at the end of 2017 which is 3 times more than the sale of movie tickets during the same period. If we compare the game market with global sports industry, we will witness that the game market is much bigger than the sports industry which is also evident from the fact that the outdoor sports fields are getting less crowded with the young sportsmen while the number of digital gamers is growing at a massive pace.

On one hand gaming is considered an ever-growing industry with a gigantic market size and on the other hand its continuously embracing the latest technologies. The industry has passed through significant milestones such as from Desk Top PC to Smart Phones and then to the Virtual Reality headphones, gaming is always the first to educate the masses about the latest technologies.

Challenges and solutions concerning the gaming industry

There is no doubt about it that the gaming industry is growing at an astonishing pace but there are still some hurdles which need to be removed in order to further enhance the growth in the coming years. The ever-increasing marketing cost is damping the growth, it has in fact built a gap and keeping the game and players disconnected from each other.

Today the game developers have to spend more than 50% of their revenue for marketing purpose that includes the payment to the centralized distribution forums like Apple, Steam and others. The developers have to pay the online advertisement platforms too including Facebook, Google and some other similar entities. The study has revealed that because of these expenses the cost of acquiring one player for a mobile game has reached $15 which is already too much and has made the gaming industry more centralized. As a result, only the big companies with sufficient marketing funds are able to reach and attract the players whereas as small developers, no matter if their games are of better quality are forced to abandon their work just because they cannot afford to pay the hefty marketing fees.

EON Foundation has provided a revolutionary solution by creating EON Platform which is a decentralized digital game distribution platform which not only allows the gamers to play the games but also provides an opportunity to discover and share the games by socializing with other online gamers. This platform has been connected with blockchain which makes it more efficient, highly trustworthy and easy to access globally.

What is EON Token?

Eon Token makes the basic foundation of the platform, its designed keeping in mind the economic incentive in order to incentivize those who help in the growth of the EON platform. By using blockchain technology all the payments made through EON platform will not only be more efficient but transparent too and will provide an opportunity to the developers to access the players anywhere in the world without spending on marketing.