Some of the Problems that EOT Solve in the gaming industry

peterhughe (26)in #requirements • 6 years ago

Gaming industry is one of the largest entertainment industries across the world. Different games are available in the market. Some are fast and gives its layers exciting experience while others are slow and hangs making them annoying. Developing these games is one thing that many people may not understand but, it is quite complicated. Other than producing the game, promoting and distributing it is always another challenging ordeal and expensive that many developers are never able to rise. As a matter of fact, most developers find themselves letting go their dreams and talents just because they are unable to fund their gaming projects. In the past, promoting a game required a lot of cash and only the selected few studios and individuals could manage making this industry unreachable particularly for the upcoming game developers. This is how EOT platform becomes the only redemption in this industry. For instance, this platform links that gaming industry with cryptocurrency. Today, through this platform, game developers will have their items or games promoted and distributed by EOT platform at affordable price unlike the past when they had to part with almost 50% of their total revenue just to work on their projects.

The following are some of the problems that exist in the gaming distribution and promotion that EOT decentralised platform solves:
Payments
After developing a game and releasing in it into the global market, it is essential for developers to include a suitable payment method for targeted markets. Keep in mind that there are different forms of currencies across the globe and even though most of the distribution platforms accepts a range of currencies, some countries of potential customers will not be lucky with their money and will be forced to go through the long process of converting their currencies into other currencies before they can execute a trade. This makes the whole thing expensive for them and in most cases they will have to forgo the games. For developers to be fair to all their customers across the world they are forced to integrate middlemen in the name of “local sales pricing” which in return will expect some payment and at the end of the day, developers will have to hike their prices to cater for other expenses. In cases where they are unable to raise the prices, they will have to suffer loses. If they manage to hike the rates, this will be a disadvantage to gamers who will have to go deep into their pockets. Some of the gamers will not lead to purchase the game and they would rather do unpaid. Working with distributors also complicates matters for developers because the delay payments for quite a long time making it difficult for the developers to fund their projects and inconveniences them. This has been a big blow particularly for indie game developers. Thanks to EOT platform that now handles distribution and promotion activities for the developers at affordable prices and the payments are instant hence the developers will no longer have to wait for two months before their payments are processed.
Game Discovery as well as Promotion

In the past, developers had to spend a total of 50% of their revenue to cater for promotion of their products. The promotion expenses kept on increasing and developers had to from $1 to $12. The developers had to spend a lot of time as well as money just for their games to reach targeted users. It is said that these distributions rules were not transparent and were unreliable and lacked accountability. It therefore meant that the developers had to develop according to the requirements of the distributors and not mainly for their potential customers or gamers. There was lack of freedom and gamers were unable to express their views regarding their experience with the game. This whole system lacks transparency ad nothing can be traced. In simple words, game developers will be unable to calculate conversion rate as well as ROI of the networks. They will be unable to tell whether they are making the right payment or not. Keep in mind that not all systems are trustworthy. A good number of them will claim that they have reached the right users while in real sense they are just basing their facts on fake statistics. Following the fact that there is no transparency as well as accountability, the developers will not be able to tell whether the traffic is fake or real. Different ways are employed by most networks such as influencer marketing where the focal point is on influential individuals and not targeting the right market. This is unlike what EOT Platform dos. For instance, in this platform, there is freedom as the developers can monitor the promotion of their games. Moreover, the platform is based on a blockchain which ensures transparency as well as accountability. All the information recorded on a blockchain can be traced in future in case there are problems with the transaction. Additionally, EOT platform ensures instant payment for its users particularly the game developers hence they are able to fund their projects seamlessly without worries.
EOT platform connects cryptocurrency with gaming industry. Through this platform, the gamers can purchase their games, pay ad share the games online and do the payments through cryptocurrency. Moreover, the developers are paid instantly in form of EOT Tokens which in then converted to fiat cash as well as their preferred currencies. Following the fact that the developers expect their games to be played all over the world, EOT makes it possible for the gamers from around the globe to purchase the games using their local currencies as well as cryptocurrency. There is no doubt that EOT is a dream come true to the gaming industry which will surely make a difference as now gamers will be able to share their views regarding different games, discover new games just released by their favorite developers as well as compete with other gamers from across the world through blockchain technology.