I know you will be shocked when I tell you virtual goods generate over $15 billion annually. Virtual goods are simply goods purchased and made use of online, they are not physical or should I say you can bring them to the outside world. Imagine making purchases on candy crush saga, you simply purchase virtual goods with physical currency.
Today many of these brands suffer because of the hassle they have to go through for licensing, as the name BLMP goes, it is simply bringing ease to help facilitate the licensing of brands having virtual goods.
AN OVERVIEW
As we gradually proceed into the future more and more people continue to spend more time online than in reality especially with each day of newer innovation. With the likes of Facebook, Reality games, and other online portals, people find it more convenient to be online because of the sentimental value it gives them.
With the insane growth rate of the online gaming and social media platforms, there is currently an untapped opportunity for digital platforms through the collaboration of existing brands to produce a branded virtual goods.
BLMP is creating a creating a vast network of collaboration between global brands and digital platform and also helping to facilitate the licensing process. BLMP is exceptionally positioned for progress via its relationship with already established licensing companies such as Ambisafe, BDLabs, CURVE and over a thousand more, with the inclusion of clients and partners.
With each collaboration, users and fans of new brand get access to participate in the network as well and what more is that it is all done under the decentralized blockchain platform, which ensures transparency between all parties as defined by their smart contracts.
With such wonderful prospect, so is the problems and difficulties in making it a reality. We are in luck though because BLMP is coming with just the solution needed.
PROBLEMS ASSOCIATED WITH NETWORK COLLABORATION AND ITS SOLUTION
With collaboration, there literarily were no transparent means of transaction, and that was a problem hindering collaboration. Smart contracts, however, were invented by the blockchain, which is what will be used in making sure no party in the collaboration is cheated on, as payments will be divided appropriately by the smart contract without any party having to make any adjustment or alteration.
There is also no general marketplace for the licensing of digital goods, the process of licensing discourages many brand owners. BLMP is providing a platform which simplifies the whole process so great collaborations can be made.
THE TOKEN
Since it is in the blockchain like every other platform BLMP has its own Tokens which will, of course, be used to carry out every transaction of the BLMP platform. In terms of product progress, BLMP has a great start. It already has a real product entailing a fully-functioning blockchain platform that is being used on the Ethereum mainnet called Air, which is the world first business to business to consumer (B2B2C) blockchain solution for licensed visual goods.
EPIK Token, however, would be what is used on the platform for the sales of licensed goods. On using this Token, every purchased licensed virtual good will be tracked/monitored indefinitely with complete transparency.
BLMP is expecting to use ERC-721 to handle the distinctive tokenization of virtual goods, which will mean that each ERC-721 token signifies a single, unique virtual good item on the blockchain.
This will be a great opportunity for those want to grow their brand with quality transparency in the process. BLMP is a unique platform that gives you just that. You do not want to miss out on this opportunity.
Essential Links
Website: www.epiktoken.io
Author:
Username: Vocalwalls
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https://bitcointalk.org/index.php?action=profile;u=1825008
wallet address: 0x4e643A7C0E494dd7463B5F10b7Bc5F7f8BA702CD