DMarket is a global marketplace solution that turns every virtual item into a real commodity. This paper discusses how we combine blockchain technologies and seven years of industry experience to open this multi-billion dollar market to the existing world economy. All that time people spend playing games on their mobile, PC, console or any other platform could finally be worth something. Essentially, DMarket is a new ecosystem where gamers, developers, and entrepreneurs can efficiently and securely evaluate and trade virtual items. Thus, DMarket creates a new economy that joins with existing real-equity markets.
In real life, whether you are a lawyer, a crypto trader, a game developer or a miner, you spend time, experience, and even luck working to achieve something. This always results in a new experience and/or real assets. And since it is yours, you can sell, gift it or just throw any asset away.
Around 2.3 billion people play games on different platforms and devices, creating a gaming industry that in 2016 reached $100 billion and continues to boom. Only 4,000 pro gamers make a profit from the time and skill they spend gaming, including the trading of in-game items they accumulate. Just a couple of games accumulating only 6% of the global audience made a turnover of $4 billion of in-game items. The rest of gamers are out of the market.
The existing technologies cannot connect the many game universes and platforms together. As a result, players are stuck with their useless items, despite their time and effort. The growth of the gaming audience and the rise of the VR and AR markets has compounded this situation.
Our team knows exactly what gamers want. Twelve months ago, we started trading virtual items in just a couple of games, and since then we have traded 12 million virtual items. We know what the market needs and have already developed a unique platform that enables us to satisfy that need.
We are now developing a marketplace based on blockchain and smart contracts that enable the one-click sale, exchange or evaluation of every virtual item between all games on any platform. The DMarket token will be the only currency on the platform, providing different options that affect every trade, exchange, fee and smart contract. By the end of this whitepaper, you will see how we are building a new online economy with the DMarket token. 2.3 billion gamers will finally be able to enter a global virtual item market. Using our API, every game developer will easily connect their game to DMarket and gain from the increased value, revenue and time spent in their games.
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