Gone are the days of waiting in long lines to collect a brand new game. With the advent of the internet, games can be easily bought online. In fact, some of the hottest games right now don’t even need to be purchased; the development of the “freemium” business model has proven to be most lucrative revenue plan for games. Despite gaming industry’s growth, many games have had tough time breaking into developing nations so there is still a lot of growth potential left unscathed.

The Present State

People own and play many, many games on many devices. Each game has its own economy, own items, and own currency. Once a person is no longer interested in a game or a game simply ends up defunct, the hard work that was put into acquiring the game’s currency and items can’t be liquidated.

The economic loss of this scenario is massive as the freemium business model has proven that people are more than willing to pay for virtual items and currencies even if their purpose is limited within a single game. However, a large portion of the population is still held back in participating in such transactions because they realize that the amount spent will be a heavy sunk cost if they move to a new game. Businesses are unable to fully monetize the in-game transaction potential.

There’s a clear opportunity to create a more unified interaction within games that can bolster gaming industries revenues and closely knit the gaming community

Power Up with BitGuild

BitGuild’s team has outline an obvious problem within the gaming industry and is going to leverage blockchain technology to provide a seamless solution. The team behind BitGuild has introduced the PLAT token which will serve as the universal currency within games.

As any item will be convertible to and with PLAT tokens, any item within any game immediately becomes a monetizable asset. That’s why the team has clearly outlined that they will providing the most unique crypto wallet ever: BitGuild wallets will not only support PLAT tokens, but will also support virtual game assets from the games that adopt the PLAT token.

The immediate benefit of BitGuild’s propostion is two-fold:

Gamers Win

Gamers can now participate within gamers on a global network and a completely internal economy is developed within the gaming community. This abides by fundamental economic concepts of absolute advantage: gamers who are better at game A will be able to sell their earnings from it to players who are better at game B.

This will incentivize gamers to interact more with other games and will thereby the gaming community’s internal interactions. Additionally, it will bring extreme liquidity to the gaming market, and won’t hold gamers back with guilt of sunk costs if they spend money on virtual items.

Game Developers Win

The gaming market as a whole is about to face an explosive growth. As players interact more with other games and their players, they will be more aware and tempted to try new and more games. This brings increased adoption to the market as a whole and incentivizes innovation as it won’t be too difficult to penetrate the market.

Additionally, games can optimize their revenue channels as more players will interact with more games. This will lead to an increase in player base. Lastly, as PLAT tokens will be universal, game makers will have an easy time with players buying virtual items.

Even games that drive earnings through selling the actual game will benefit. Consumer incomes vary across the world and some people have more time than others. Those with more time will be able to grind for virtual items to then earn PLAT and buy more games. The economics of the PLAT are going to completely change the reach games have in both developed and undeveloped nations.

Essential Information

🌐 Website: https://www.bitguild.io/
💡 Whitepaper: https://www.bitguild.io/assets/bitguild-whitepaper-v0.72-en.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3090005
💻 Telegram: https://t.me/joinchat/HtbMeE8YtEEDQExesDQgPg
⌚️ Token Sale: LIVE NOW
📃 Ticker: MCU
👂🏻 Token Type: ERC20
🔗 KYC: YES
💰 Accepts: ETH; BTC; LTC; USD
👔 County: Hong Kong

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