Yumerium will Harness the Two-Sided Network Effect to Cultivate its Gaming Platform

bonanza-kreep (66)in #yumerium • 6 years ago

With revenues of 67m USD generated in 2018, digital games segment belongs to one of the largest games markets worldwide that is projected to show an annual growth rate of at least 4%. Given the nature of the digital distribution in video games, they became increasingly available to players online. Alongside providing legal access to games, the practice of illegal distribution has nevertheless a great magnitude. Since illegal distribution has become a pervasive problem, a shift in the games industry towards a novel gaming model is necessary. Yumerium is entering the market with a blockchain-based game system designed with an ultimate objective to facilitate transactions between developers and gamers. Yumerium intends to become a multiplayer, that is, to offer a one-stop platform to be used for a variety of games.

Bringing games to the masses

Yumerium is breaking into digital gaming by harnessing of blockchain to build a game system with the use of smart contracts and native tokens. Blockchain is a fairly young technology, but a rapidly maturing one. Due to its decentralized nature, this technology has a great potential to provide equal opportunities both to large and small-sized companies.

https://www.yumerium.com

In developing a versatile approach to game design, Yumerium elaborates a gaming platform to better respond to the needs of gamers community and developers. The platform will therefore comprise a wide range of features to facilitate gaming environment and keep honest relationships with game developers. In order to appeal to a wide audience, Yumerium will open its platform up to third party developers. Using its seeding and marketing funds as a basis for the promotion, Yumerium will motivate third party developers to join the platform and cultivate its services.

Introduction of the Earn-to-Play Model

Many traditional gaming models providing both free and chargeable access to games, seem not to be able to compete in the new area of game development. In this regard, Yumerium stands a good chance of gaining a niche in the market and taking advantage of proposed Earn-to-Play Model, an open pattern to external innovations.

One of the problems developers run into is gaining access to software platforms to build their games. Moreover, it typically takes time to establish relationships with companies who are in charge for distribution, which in turn involves substantial fees.

The Earn-to-Play model presupposes integrated incentive system both for gamers and developers. Yumerium will provide any necessary support with regard to development operations within each project. Once a new game appears on the platform, players will be able to mine YUM tokens by joining the game.

Prize competition
In line with a view that a platform's mass adoption is highly dependable on establishing a comprehensive and easy-in-use set of features, Yumerium will allows game developers to decide on certain criteria and amount of gains players will be able to receive. A two-way approach to prize competition will therefore attract both users and developers.

Yumerium will offer two ways for tokens transferring. First, users may simply specify their wallet address to receive prices. Second, users can also register on the Yumerium website to create an account.

https://www.yumerium.com

Optimizing budgets and resources

Yumerium will provide game developers access to its software development kit. In the context of the platform's framework this is an important point, as third party developers become more competitive on the market. Yumerium's open-source SDK will allow for integration with a particular project, for instance, in order to customize the incentive system for a given configuration. The verification of the ownership is another option featured by SDK to establish a limited number of copies. SDKs also include models such as crowdfunding and token rewards.

Token Sale Plan

In order to gain the benefit of the platform, Yumerium should be able to turn it into an industry-wide one. As for now, Yumerium is conducting a survey on its Facebook account concerning the type of games on the platform. Among Yumrium's current partners are Throne, a marketing and PR agency, as well as VR Plus and Subdream Labs. Yumerium has planned release dates for CryptoMine, the in-house developed game, in the third quarter of 2018. By the end of the year a full list of third party developers should be available.