Introduction
Have you ever thought of comparing your favourite online game and favourite movie economically? You do not need to. Because the global market for the gaming industry is thrice of the entire movie industry in the world. That's surprising but true. The total revenue of global gaming industry was 100 billion dollars in 2016, which is nine times the revenue of entire Hollywood Industry. These facts signify the potential and market of the global gaming industry. The booming industry of gaming industry has found a new vehicle in the form of internet. It has created its own online world because everyone is on the web.
The entire gaming industry is going through explosive growth and is estimated to be of 128.5 billion dollar industry by the end 2020. A remarkable point hidden behind these facts is that close to 50% of these revenues come from Asian Pacific nations namely China, Japan, and Korea. And, it is projected that by 2020, the rest of Asia will be a major contributor to the growth of global gaming industry. By far and large, these facts and figures touch upon the surface of the Industry. Well, not everything is alright with the gaming industry.
Major Problems Include
- Domination of the large corporations. According to a report, top ten gaming companies make 54% of the revenue. This creates lack of diversity in the market which is not beneficial for the industry in the long term.
- Lack of Funding options for hobbyists or small gaming companies. They are either left alone to fund their project or join a big company.
- Lack of revenue generation stream for gamers. The gamer is a critical piece of the gaming industry chain and only traditional methods exist for his benefit. He is not allowed to participate in the process and development of the game.
There is a need for platform which is open and transparent for Game studios, Publishers, Game producers, and Gamers. It must be technology-based and future ready.
Solution Offered (https://www.nitro.live/)
Nitro is presenting the first blockchain based cryptocurrency ecosystem which is backed by the gaming studio named iCandy interactive limited. It creates an online marketplace game developers to fund their project. The promising developers would be selected by experts. It aims to build a network of game producers, publishers, hobbyists, developers, investors, and gamers. The fundamental problem of the gaming industry is solved by the Nitro platform. The Key features include
- Participation of Industry experts to curate the best promising studio and game title.
- The connection of Financers, producers, users on the Nitro platform to select from the curated list of game, and participate in the process of buying or selling.
The NOX token of Nitro platform can be used for the transaction purposes. The NOX token is part of NOD(Nitro Dollar).
Gamers can easily participate in the marketplace with NOX token to buy a part of their favourite game title or game studio. NOX can be used for voting on the platform and as an in-game currency. It has never been easier to participate in the process of gaming development and building a revenue source from it. The Nitro platform provides benefits to each party involved on the platform. These are Gamers, Game studios, Publishers, Game producers, and Financers who are the main players on the platform.
ICO Information
You can be part of their platform by participating in the ICO event scheduled to be held on 1st December 2017 to 26th December 2017. The pre-ICO event is scheduled to be held on 19-23 November 2017.Their token NOX is of an ERC-20 standard. The cryptocurrency allowed for token purchase is BTC and ETH.
Team
A team of technology entrepreneurs, serial Investors, Veteran Game Experts, veteran Game studio producers, and Blockchain developer is behind the force of Nitro platform. They are charged with experience and support of the Investors and other large corporations.
Why Should You Invest?
Everybody loves gaming and this is a chance to be a part of the development and process of creating your personal favorite games of all time. Nitro provides an awesome platform for strategic investors to utilize the potential of the gaming industry and thereby profiting from it. As the gaming industry penetrates the developing world market we are going to see massive investment into the sector through cryptocurrency and Nitro provides this opportunity now to be part of the industry. Are you up for a Game?
Visit:
Website: https://www.nitro.live/
Whitepaper: https://www.nitro.live/whitepaper.html
Autored by: Etheran (Btalk name)
Profile: https://bitcointalk.org/index.php?action=profile;u=1108165
I've seen another gaming related blockchain technology called Game Machine. Do you know if these two are comparable or simply serve different purposes?