Whats up everybody WAJAHAT is here with another exciting blog on the video game industry which is on fire right now and in coming years its going to be huge as this industry generated over US$110 billion in just 2016 and it is for sure that in coming 5 years its potential market will grow over 30% and these stats shows amazing potential in this industry.
Although there are certain issues in the industry to overcome, and those issues imposes limits to the video gamers by not having a proper and perfect economy in the video game. This is a market which is controlled by the large corporate actors and the presence of information between them is totally imperfect and limits most of the socially beneficial outcomes. One of the major issue is the lack of funding for all those new talented new game studios who are crowded by the existing big studios which limits the participation of those small talented studios and hence their production doesn’t reach to maximum individuals in the gaming industry.
Nitro is going to be the first independent platform in the gaming world which will allow the participation in the economy of the video games, it will allow to connect with the potential stakeholders and will eventually achieve growth overall. Its official currency is going to be the NOX. Every gamers and small studios can take part in the platform by using this currency.
Nitro is going to be the first decentralized platform which is backed by the official companies that are publicly listed.
After the purchase of NOX one can easily participate in the economy which is based on video games. Nitro is going to fund those games that are voted up by the NOX holders. This is going to be huge beneficial for those small game studio that are not having much funds for proper growth of their game. This will eventually improve the quality, variety, texture of the games going to produce.
Lets talk about gamers, they can use this token as a currency in games, which is used for the purchase of several items in games, even for the purchase of game. They will be rewarded by the NOX token in game. NOX holders will eventually be incentivized by the rewards that are distributed from the Vault of NITRO according to time, as a credit or reward for the participation in the network.
I believe that Nitro will disrupt the playing field, acting as a mean to connect and grow the video-games industry in a manner that is equitable for all parties.