What is GamerToken?
GamerToken is both a marketplace ecosystem for trading and creation of unique, non-fungible, digital assets, and also a transactional currency for the gaming world, which rewards players for their activities in-game.
How does it work?
GamerToken is creating a marketplace for gamers to buy, sell, and design unique in-game items. It’s also a transactional currency for the gaming world, which rewards players for their activities in-game.
The unique digital assets on the marketplace are powered by the ERC-721 token standard, giving gamers the ability to have secure ownership of their valuable in-game items.
Rewards in-game and items on the marketplace are priced in GamerToken, an ERC-20 token powered by open-source smart contracts. GamerToken will power an industry-wide, open ecosystem that benefits publishers, developers, and gamers.
Which developers are already part of the GamerToken ecosystem?
The gamigo group will be one of the first launch partners to integrate this additional marketplace ecosystem and blockchain technology into its game portfolio. The gamigo group is one of the leading gaming companies in Europe and North America, holding more than 100 million registered user accounts and more than 250 employees globally. Aeria Games, Infernum, Intenium, adspree media, Mediakraft Networks, GameSpree, Looki, and Poged are some of the major subsidiaries and brands that are part of the gamigo group today.
The company is not only a publisher of free-to-play online and mobile games, but it also provides solutions for business clients within the area of gamigo’s platform strategy. Game publishers and developers from all over the world are using the gamigo platform as a gateway to publish and sell their products in an efficient and cost-effective way.
The company’s core game portfolio includes successful titles such as Ironsight, Fiesta Online, Aura Kingdom, Zula, S4 League, Desert Operations, The Rats, Dragon’s Prophet, Echo of Soul, Goal One, Grand Fantasia, Last Chaos, Shaiya and Twin Saga. The company strives to grow not only organically, but also via acquisitions. Since 2013, it has performed more than 25 acquisitions, including gaming and technology companies as well as individual game assets.
What is the purpose of using Blockchain technology for games?
GamerToken is designed as a flexible currency for gamers to be used across multiple games, which means that it needs to be fully secure and reliable. The Ethereum blockchain enables security and fluidity of transactions: players will be able to store their earned tokens in their wallet and freely trade their items on the marketplace in a secure and reliable way.
Our use of the ERC-721 standard allows the GamerToken marketplace to be used with unique, non-fungible digital assets, giving gamers the opportunity to have enhanced ownership over their valuable in-game items. Non-fungible items can be issued in limited quantities and are verifiably scarce, making them the perfect use case for exclusive in-game items.
What can I do with GamerToken?
GamerToken aims to unify in-game spending and allow the trading of unique digital assets on a universal, global marketplace. When this neutral marketplace is released, it will act as an economic hub where gamers can spend, purchase, and trade their items with gamers globally utilizing a single, global cryptocurrency.
GamerTokens can also be earned in-game for completing achievements and reaching late game milestones. Tokens can be staked in the marketplace or used to buy and sell valuable items from a variety of games.
Where can I get more information about GamerToken?
You can find more information on our white paper. Or you can join our community Telegram group and follow us on Twitter.
Do you have any partnerships?
Yes. Having gamigo group as a launch partner is a huge advantage as it ensures from the start a genuine active business use-case, with access to a large game portfolio, and a strong gamer base of millions of players. Apart from gamigo group there are many game companies that are looking for ways to reward loyal players and link their games in a more efficient way. Additional developer partnerships will be announced in the coming weeks and months.
How is GamerToken different than other projects?
GamerToken is taking a different approach than many of our industry peers. We’re creating a game developer supported marketplace made up of veterans from the gaming industry that understand the needs and concerns of gamers. We are helping established game companies move into the blockchain world, not the other way around. The GamerToken ecosystem will run in parallel with, and enhance existing communities and in-game economies. Gaming is part of our DNA and we want to help gamers benefit from blockchain technology in the simplest and most user-friendly way.
The team is already working with and integrating the GamerToken ecosystem into existing businesses. The partnership with the gamigo group is an exciting first step that provides a large community of passionate gamers the ability to start trading and helping design items on the marketplace. We’ll be announcing other notable developers and publishers joining the GamerToken ecosystem in the coming weeks and months.
Another difference that we see is that players can earn rewards not only in-game as tokens, but also from helping developers design new assets. The Designer’s Corner is where developers will be able to post bounties for skin designs, map designs, and other community oriented crowdsourcing. Community members will be able to stake GamerToken in order to join monthly design contests, earn rewards, and take part in shaping content within popular games.
Something that we are very proud of is the working prototypes that are already live and fully functional for the community to test. Gamers can interact and play with a demo of our vision in the form of our first crypto-integrated game with Fiesta Online. You can earn tokens for creating a new character, slaying monsters, and completing quests. The GamerToken Marketplace is also available in demo form to test out buying and selling tokenized ERC-721 powered items. When it’s fully launched, users will have enhanced ownership over their rare items, such as rare skins, which will be 100% controlled by them in their wallet.