Every day, gamers dedicate their time in acquiring various virtual assets and items. While some games have well developed marketplaces, there’s a big, industry-wide lack of proper infrastructure for those assets to be bought, sold and traded. DMarket tackles this problem by creating a blockchain based platform where various users can trade all types of digital items and assets.
Based out of Ukraine, the DMarket team managed to raise roughly $19 000 000 during the duration of their crowdsale.
How DMarket works
The lack of connectivity between gaming universes is the biggest factor preventing the ease of digital asset trading. The DMarket blockchain platform’s infrastructure is powered by smart contracts to provide a user-friendly, reliable experience. The platform will support exchange of almost all virtual assets. The smart contracts mentioned will act as a bridge between the users, which means there will be no middlemen or third parties involved and gamers will finally be able to participate in the global virtual asset economy.
Solutions
The platform helps developers by providing a user-friendly API, which respects the individual rules of each game and provides opportunity for additional flow of revenue. Gamers, on the other hand, can earn tokens while playing their favorite games.
Token
The DMarket token is exclusive to the platform, meaning it is the only one that could be used within it. It has a number of use cases, it can be used as a currency, to deduct fees used for trading ingame items, for acquisition of BigData analytics and to acquire premium accounts for both retailers and whole-sellers.
Conclusion
The biggest red flag with the DMarket ICO is that the same team behind it ran another ICO, the DreamTeam token, days apart from DMarket. This is a huge issue as it largely implies that the team is more after the money rather than creating a genuine project.
Overall, the DMarket platform is a decent project. The leader of the project, Vlad Panchenko, has decent background in online asset trading, being the founder of the skins.cash website. The DMarket platform is already online and working, and users can buy various video game assets from multiple games. Despite the double-ICO redflag, DMarket seems to be going in the right direction, and as the industry of online gaming grows, we’re bound to see more people reaching out to use the platform’s services.
