Back when gaming had just started, no one could have predicted its current state. Nobody could have predicted that the video game industry would become a multibillion-dollar industry. From pixelated side-scrollers to digital odysseys through immersive lands, the evolution of video games over the years has been rapid. And more games exist today than ever before. According to Newzoo’s Global Games Market Report, 2.2 billion gamers across the globe generated $108.9 billion in game revenues in 2017. This represents an increase of $7.8 billion, or 7.8%, from the year before. Digital game revenues will account for $94.4 billion or 87% of the global market. Mobile is the most lucrative segment, with smartphone and tablet gaming growing 19% year over year to $46.1 billion, claiming 42% of the market. In 2020, mobile gaming will represent just more than half of the total games market. The PC and console game markets will generate $29.4 billion and $33.5 billion in 2017, respectively.
Nowadays, game hubs such as App Store and Google Play are purely centralized game marketplaces. Whenever a developer has uploaded the game on those platforms, if they would like to advertise their games, the cost will be very high for each product. Some developers and companies just would like to test the beta game versions by letting the users play for a short time but those trials can not be rewarded. Those problems have fostered the creation of a new solution which can change the game named Game Loot – the blockchain-based virtual platform which rewards players with real value and facilitates ‘any-budget’ game design.
INTRODUCING GAME LOOT NETWORK
Game Loot Network (GLN) is an up and coming cryptocurrency project operating on the Ethereum Blockchain. In the mobile gaming industry, Google Play and the App Store are essentially gatekeepers on what gets attention. Game Loot Network will democratize the gaming experience, allowing developers to create and grow successfully regardless of gatekeepers or budget constraints. We want to give gamers a voice at the earliest stages of design so that the games built by those who want to play.
Video-games offer rich narratives and interactive experiences unrivaled by any other medium. The space breeds creativity and innovation, but budgetary limitations, overbearing publishers, and marketing resources pigeonhole creatives. We want to transform the industry into a meritocracy where visionaries thrive even if they, at first, lack extensive budgets.
Through a groundbreaking distribution platform, Game Loot Network empowers users to regain gaming landscapes. Visitors who access platform into an online lounge, where they will find three respective portals titled: Build, Play and Earn.
* Build
As mentioned above, users of the GLN platform have the ability to help funding independent games that they believe in. They would supply the developer will LOOT tokens and in exchange, they would receive a share of the future earning from that game. With this system, games that have a lot of support will receive the funding they need to be successful.
- Decentralized Publishing
The platform transforms game publication with an integrated crowdfunding portal. Indie designers submit their game ideas to a catalog within this screen. Their proposal page might include screenshots, demos, or gameplay footage. Users offer Loot tokens to sponsor promising projects. In exchange for their cryptocoins, backers receive a revenue generating percentage of the upcoming title. A decentralized collective thereby produces games through democratic demand.
- Generate Recurring Income
When crowdfunded creations are finished they generate revenue for the developers and the backers. Independent artists reduce expenses, and players earn income from games they helped shape. Imagine owning a percentage of the industry’s next global hit.
* Play
This point is fairly self-explanatory. There will be a decentralized App Store that users can download games from and play on the platform. Games developed under “Build“ will also end up here. Ideas that were generated in the Build gateway can generate income for the designers and gamers in the Play gateway.
- Smart Contract Rewards
The open ledger tracks users’ engagement with the platform. From design to gameplay, no digital triumph goes unrewarded.
* Earn
The most exciting part about the GLN platform is the ability to earn LOOT tokens in a number of ways. In addition to these ways, users can earn LOOT tokens through the referral system. Residual commissions are made based on the users you bring in and their activity on the platform. GLN will also introduce an exciting system called Battle Bidding where user compete for prizes such as electronics or stashes of LOOT.
- Gaming Tournaments
Brow sweating competition typically reserved for professionals becomes accessible to all. Tourney champions receive Loot prize pools or in-demand electronics.
TOKEN DETAILS
Token name: LOOT
SAFT Entity: Loot Cove Co., LLC. (WY, USA)
Public token sale entity: Loot Cove Co. LTD (Mauritius)
LOOT price: USD $0.35 [or equivalent in ether]
Sales target CAP (STC): US$ 50,000,000.00
Maximum sales target (MST): US$ 75,000,000.00
Total LOOT supply: 600,000,000 LOOT
Token supply model: Fixed CAP, non-inflationary
Public sale duration opens: May 29, 2018
Public sale duration: 230 days
DEVELOPMENT TEAM
The project will be underpinned by a holistic core and advisory team of proficient experts. The team led by Lance Baker, a professional in the associated fields of gaming and bookchain technology has clear vision and idea to undertake and complete the said assignment within the stipulated timelines.The team seem to be well-prepared to deliver fully working platform.
CONCLUSION
The idea of this project is very clear and profitable. Game Loot Network hosts an online platform with user curated games and gaming resources. With blockchain technology at its core, it will disrupt the online gaming industry.The cryptocurrency, LOOT, allows the platform to be a revolutionary one stop shop for all of gaming – from play, purchase, to design.And with a strong team to support it, I believe that this project will forever change the gaming industry.
FOR MORE INFORMATION, PLEASE VISIT
Website: https://gamelootnetwork.com
Whitepaper: https://gamelootnetwork.com/assets/documents/gameloot-whitepaper.pdf
Facebook: https://www.facebook.com/gamelootnetwork/
Twitter: https://twitter.com/gamelootnetwork/
Telegram: https://t.me/gamelootnetwork_ico/
AUTHOR
Bitcointalk Username: Donmase
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1236591