DECENT AND DRAGONFLY LAUNCH BLOCKCHAIN APPLICATION TO REVOLVE PAYMENTS IN THE DIGITAL GAME INDUSTRY
DECENT and Dragonfly launch blockchain application to revolutionize payments in the digital gaming industry
The content distribution platform DECENT and Dragonfly, a gaming application distribution company with more than one hundred million active users per month, have just announced the launch of ALAX. It is an application with which both companies intend to revolutionize the payment system in the digital gaming markets.
According to a statement released by DECENT, users will be able to buy games or applications using ALAX tokens, which will allow them to reduce the costs related to the execution of the purchase and, in turn, speed up the process of the same.
To carry out the development of ALAX, which will be available in the coming months, DECENT will use the DCore platform. This is an open source solution, aimed at companies that, like Dragonfly, seek to accelerate their projects with blockchain technology.
In this regard, DCore will help Dragonfly reduce costs, seek solutions to piracy problems and speed up payment processing.
According to the broadcast, to make purchases of applications and games, users usually use PayPal or credit cards. The other way to execute these payments is through SMS, a method where operators of mobile networks charge the user a commission of between 50 or 70 percent of the price of the game.
With the application developed by DECENT and Dragonfly, payments can be made directly to the developer using ALAX tokens. In this way, in addition to reducing the price of the game, transactions are also streamlined. Also, developers can exchange ALAX tokens for fiat currencies at any time.
And given that all the transactions are registered in blockchain, the developers will have a much more precise vision about the sales of their games and they will be able to ensure a much fairer deal. They will also be able to keep up with the growing demand for game sales. Currently, 2,000 transactions are performed per second, but this amount is expected to reach more than 7,000 in the coming years.
The gaming business is becoming one of the main ones in the technology industry; However, the market remains complex for people who are dedicated to the development of games. DECENT estimates that developers receive a maximum of 70% of the application's sales. To this situation, the delay in payments is added. ALAX, without a doubt, is a viable alternative to these problems.