If we are to take cognise of some of the biggest revolutions of our time, the internet will definitely be at the forefront of the list. The internet has enabled us to create a wide array of real and virtual products. While the real economy refers to economic activities such as the production and sale of physical products, the virtual economy has to do with the exchange of virtual goods. A good example of the virtual economy is internet games, players spend countless hours and resources amassing in-game items. These days players are now able to buy virtual in-game items with real cash and also exchange virtual in-game items for real cash. The widespread interest and usage of social networks, video games, messaging services has resulted in an explosive growth of the virtual economy, currently, the virtual economy is worth billions of dollars. The virtual economy industry has a huge potential which is left to be tapped.

Current Problems

For any economy to thrive, there is need for collaboration between the different industry players and interoperability of data. Sadly, this has not been the case with digital platforms, instead, the virtual economy marketplace is fragmented. The digital platforms that make up this economy operate in a closed off ecosystem and the brands are siloed with little to no accessibility. Brands also experience difficulties which has to do with licencing agreement, brands have to do juggle between different brand objectives such as geographical location, demographics, licensing fees, marketing power, and attractiveness. This raises the question, how do we solve the problem of fragmentation in the virtual economy, improve collaboration between digital brands in order to facilitate licencing process?

A New Licensing Marketplace

Blockchain Licencing Marketplace (BLMP) is a business to business to customer (B2B2C) blockchain based company processing B2B2C transactions, and providing value through efficiency, traceability, and security. BLMP intends to connect intellectual property licensing industry with digital platforms to eliminate the bottleneck digital platforms go through in order to acquire licenses. BLMP will enhance collaboration between global brands and digital platforms which will in turn facilitate the licensing process.

EPIK TOKEN

At the heart of the BLMP ecosystem is the EPIK token which is an ERC 721 non fungible utility token built on the Ethereum blockchain to proffer solution for the easy production and exchange of liquid value in digital ecosystems. Users will be able to collect branded items from digital platforms on the BLMP ecosystem using the EPIK token. The EPIK tokens are non Fungible meaning that each token carry a unique data embedded in it which can not be replicated.

Conclusion

BLMP through it’s EPIK token is providing a solution to the virtual economy community that will provide an easy way of buying, selling and owning virtual items on the internet. To enthusiasts, the EPIK token is the ultimate way to collect branded items from favourite video games, social media gifts, emojis, etc.

For Further Information

Website: https://www.epiktoken.io/
Whitepaper: https://www.epiktoken.io/assets/pdf/BLMP_whitepaper.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=4473798.msg40143678#msg40143678
Telegram: https://t.me/EpikToken


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ETH Address 0x637936125a026df6BE052742B11319A950c9Bc7c