Digital platforms such as video games, social networks and messaging services are experiencing explosive growth which presents new opportunities, strategies, and challenges for monetization. Due to the fact that consumers of digital platforms typically expect to get their services for free, there has been a transition to a freemium economy that has forced companies to rely upon selling user data or annoying third party advertising. The best way to monetize these digital platforms is to find creative ways to sell products to its users.
One of the most profitable forms of selling products is selling virtual goods. Virtual goods are items that only exist within the scope of the digital platform and do not actually exist in the physical world. Virtual goods are highly profitable because essentially they are intellectual property and do not have the higher costs associated with real world manufacturing, labor, and distribution.
Additionally, virtual goods are not restricted by borders and have no physical limits on fulfillment. Most importantly, creating a branded virtual good for sale only has a one-time cost but unlimited distribution so profits can scale indefinitely.
What is BLMP?
BLMP (Blockchain Licensing Marketplace) is a B2B2C blockchain company processing B2B2C transactions and providing value through efficiency, traceability, and security. BLMP is pioneering licensed virtual goods and the mission of BLMP is to connect the intellectual property licensing industry with digital platforms. BLMP leverages crypto-token technology built on blockchain as a means to very easily produce and exchange liquid value in digital ecosystems.
Currently, the licensing industry is archaic, fragmented, and has low accessibility. Digital platforms operate in closed off silos and are stuck in a never ending loop of customer acquisition and retention. BLMP reduces friction and leverages blockchain technology to create a unique collaboration network where short term licenses can be created and enforced on the blockchain.
These short term collaboration licenses enable digital platforms to offer a limited quantity of licensed virtual goods for sale. Secondly, BLMP uses blockchain technology to manage the production and fulfillment of these virtual good items. BLMP covers the entire virtual goods supply chain including the creation, tokenization, and provenance of these licensed virtual goods items. Finally, BLMP processes the end consumer transactions for the virtual goods items ensuring that all parties involved are automatically compensated tractably, securely, and efficiently.
BD Labs
BLMP has a partnership with BD Labs for both brand adoption and digital platform adoption. BD Labs is a global professional business development company specializing in the entertainment, digital, and games space. BD Labs has a long history in the entertainment, licensing, and games industry and is affiliated with many key licensing industry leaders, such as their advisor Gary Caplan known as “The Godfather of Licensing”. Gary Caplan was a founding member of the Licensing Industry Merchandisers’ Association (“LIMA”) organization and was inducted into the Licensing Hall of Fame joining the ranks of such legendary figures as Jim Henson, creator of the Muppets; William Hanna and Joseph Barbera; Jim Davis, creator of Garfield; Mark McCormack, founder of International Management Group; Charles Schultz, creator of Peanuts; Walt Disney; Pete Rozelle and George Lucas.
EPIK TOKEN OVERVIEW
The EPIK utility token will be used to facilitate the creation, distribution, and sale of licensed virtual goods. By leveraging the technology of blockchain, brands will be able to distribute their virtual goods through a network of virtual economies with digital platforms acting as retailers. By using the EPIK token for transactions, we intend to enable brands, digital platforms, and consumers to track every purchased licensed virtual good indefinitely with full transparency.
This establishes uniform trust between all parties involved. Once both the brand and the digital platform come to agreement, smart contracts are created to automatically manage the creation, tokenization, distribution, and transactions of these virtual goods items between all parties.
About Us:
WEBSITE : https://www.epiktoken.io/#collectible
WHITE PAPER : 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
FACEBOOK :https://facebook.com/EpikToken
TWITTER :https://twitter.com/epiktoken
MEDIUM :https://medium.com/@BLMPNetwork
Information, Who Write's
Profie Username:- james_franco
Link Of Profile:- https://bitcointalk.org/index.php?action=profile;u=2299820
ETH address: 0x5284A5b1BEd1b6EdfBAE702Ea883f64d86FebFe9
Great article. These are exciting news, I can´t wait to see how it works..
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