Hello guyz!! This article gives vital information and usefulness of EOT platform in Gaming Industry. The gaming platform is here again, EOT platfrom is here to decentralized the gaming technology.
EOT Platform is decentralized game distribute platform. It assists developers in creating games for users. It uses blockchain technology for track, making it trustworthy and secure. They have a good gaming ecosystem community. The gaming industry is actively developing. Over the past year, the turnover from the sale of game content has grown to 150 billion US dollars. Many digital giants such as Steam, Google Play, AppStore and others dominate the market and dictate their terms.
The decentralized gaming platform EOT works on a blocking technology, which will conduct payment transactions more effectively and efficiently and support various types of crypto-currencies. And it's utilization of smart contracts will sanction the system to record utilizer traffic directly to the block. All this will eliminate the problems of massive traffic that are encountered in the current application network. Also, there will be a referral system for developers, marketers and gamers.
Benefits OF EOT
It's already visible to the blind and audible to the deaf that EOT is seriously aimed at reducing the influence of large companies on the video game and virtual reality industry. The platform works on the blockchain Ethereum, and this immediately tells us about several advantages:
• Transparency- Since the introduction of blockchain everything has become as open as possible, all the circuits have open source code. This gives an excellent avenue for users to put their trust in this magnificent project, and for the project, to maintain their reputation and always understand their roots and where resources are been allocated from.
• Reduction of commissions- Blockchain will allow you to make transactions with little charges. There are no intermediaries, money will go to development or something more important, so blockchain is an excellent option for any company.
• Speedy Transactions- Blockchain does not take breaks and works 24/7 every day. This means that every transaction will be processed quickly. There are also means for tracking every transactions made
If the developer does not release his game on one of these platforms, he will not have a chance to recoup his offspring and become more or less famous in the gaming community. At the same time, the conditions for selling content on these services are simply predatory. Platforms collect commission from each sold game in the amount of 30 to 50%.
This aspect directly affects the sales and success of companies. Not every user is willing to pay a high price for the game. In the absence of a real alternative, many companies and users are forced to go to such restrictions and large commissions.
USEFULLNESS OF EOT PLATFORM
EOT was enacted to solve issues posed by traditional centralized gaming system and improve on already existing blockchain games.
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The very first remarkable game created by EOT is CryptoAlpaca which was a major improvement of existing blockchain games, hence can be regarded as 2.0 blockchain game, while the former as 1.0 versions. The Game Discovery System will enhance discovery and purchase of games by gamers. For the referral system, when a valid new gamer is referred , the referrer earns incentives in form of EOT tokens for contributing to the ecosystem growth.
The game community will help gamers in interacting with each other. Developers will be able to submit, update, and set rewards in their games using the developer system.
The global games market (software) revenue reaches 116Billion in 2017 which is bigger that on the world global sport business. However, the increasing market cost brings a wide gap between games and players.
The game developers spend 50% and above of their revenue capital on marketing , paying to centralized game distribution platforms like (steam, Google, Apple etc) and advert platform like Facebook.
This makes the game industry to be more centralized and only the big companies with big pockets of marking fees attracts peoples attention, while the small scale studios are left with an option of abandoning a game they have created because they don’t have the financial power to attract players. Therefore in order to bring an end to this hurdle, EOT Foundation is initiated to promote and support EOT platform.
EOT is a decentralized digital game distribution platform where gamers can discover, share and play games, as well as social with other gamers though it’s more efficient, trustworthy and global accessible blockchain technology.
HOW DOES EOT PLATFORM ENHANCE THE GAMING INDUSTRY
There is no doubt about it that the gaming industry is growing at an astonishing pace but there are still some hurdles which need to be removed in order to further enhance the growth in the coming years. The ever-increasing marketing cost is damping the growth, it has in fact built a gap and keeping the game and players disconnected from each other.
Today the game developers have to spend more than 50% of their revenue for marketing purpose that includes the payment to the centralized distribution forums like Apple, Steam and others. The developers have to pay the online advertisement platforms too including Facebook, Google and some other similar entities.
The study has revealed that because of these expenses the cost of acquiring one player for a mobile game has reached $15 which is already too much and has made the gaming industry more centralized.
As a result, only the big companies with sufficient marketing funds are able to reach and attract the players whereas as small developers, no matter if their games are of better quality are forced to abandon their work just because they cannot afford to pay the hefty marketing fees.
EOT Foundation has provided a revolutionary solution by creating EOT Platform which is a decentralized digital game distribution platform which not only allows the gamers to play the games but also provides an opportunity to discover and share the games by socializing with other online gamers.
This platform has been connected with blockchain which makes it more efficient, highly trustworthy and easy to access globally.
CONCLUSION
The game business thrives on buyers who are ready to engage in new, energetic products. It's in a perfect world where it's about using innovative change, making it easier to work and creating the amount of new pleasures that come onto the market.
We've seen progress through energetic, unique online networks. Right now we have a blockchain that can potentially affect how the ability comes about, individuals get paid, and their work is composed. Anyway, we need to know what exactly this innovation means for the game industry and how it will benefit not only the game developers, but also the users of these games.
USEFUL LINKS
Website: http://eontoken.io/
Whitepaper: https://docsend.com/view/yuhe5nc
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4432974.0
Telegram: https://t.me/eontoken
Medium: https://medium.com/@eontoken
Twitter: https://twitter.com/EonToken
Facebook: https://www.facebook.com/eontoken
Eth address: 0xB6a101a1A827141deb9090C2fAE24d62a8aCc6c1