Over the past decade, the gaming industry has changed drastically.
And no one saw it coming.
There has been a radical shift from a very small offline market, to a huge billion dollar online industry that grosses more than $100 billion USD annually.
However, the centralization and lack of transparency have come with many risks, and have dramatically capped the industry's growth.
This is only one of the many reasons why it's becoming increasingly clear that decentralized applications based on blockchain technologies are set to become the Internet 3.0.
Game Protocol is the world's new face of mobile gaming. It is a decentralized gaming application based on blockchain technology that combines the internet's most popular games and competitions with the world's favorite ingredient: Money.
How Blockchain Technology is Revolutionizing the Gaming Industry
The blockchain is a self-managing, decentralized network. It is a massively disruptive technology through which information in a network is linked to all other data in the same network. This allows huge increases in digital security and more efficient data management.
Blockchain technology is revolutionizing the game industry on an exponential scale. It has opened countless new opportunities that we never even imagined would be possible a few years ago and is shifting the power back into the hands of the consumer.
Game Protocol has been specially designed by developers to be a community for creating, collaborating, and distributing decentralized autonomous games, for use by gamers and developers alike.
It is set to become the future one-stop-shop for gaming.
Could This be the Fundraising Platform Indie Developers Have Been Waiting For?
One of the primary purposes of Game Protocol will be to act as a fundraising platform for independent developers, who are often hit with major roadblocks such as lack of funding, lack of publicity, and limited resources.
All too often, these snags are too much for indie developers to overcome. As a result, development is stopped, and some of the best and brightest ideas are left on the table.
Game Protocol smashes through this barrier.
By joining in with the lively community on the dedicated forums of the application's platform, developers get the opportunity to directly raise the funds, make connections, and gain exposure at no additional cost.
This makes it easier than ever before for indie game developers to make their ideas a reality.
Game Protocol Won’t Take Money Away From Developers
Of course, Game Protocol won't be the first to leverage the opportunities that cryptocurrencies provide.
Other online platforms, including as the leading gaming platform, Steam, have introduced Bitcoin (a digital currency whose entire value is managed on a blockchain) as a way to pay for games. However, Steam still takes a significant cut from their developers, leaving a sizeable dent in the profits of these developers.
When margins are already so slim, this slash in profits could well be the difference between indie companies making it or breaking it in such a cutthroat industry.
Game Protocol is a Safer, More Secure Way to Play Video Games
Game Protocol will also enable video games to be used in a safer, more secure way.
Primarily, it means user information, such as credit card numbers and bank account information, is no longer stored and controlled by large companies. This ends deceptive business practices, such as fraud and theft from hackers.
Gamers are some of the most tech-savvy people on the Internet, and these increasing security threats resulting from centralization are driving them away. Developers hope that reducing the threats that so often deter people from taking part will encourage the return of those who have previously been driven away.
Getting Ready For Launch!
The launch of Game Protocol is an exciting time for game developers, and for gamers all around the world.
The timing of the ICO is critical to the success of the fundraising. Game Protocol is set to be launched in the next few months as a result of the hard work of the GamyTech team.
As a reward for their contribution, investors who decide to participate in this fundraising round will receive a substantial stake in the largest decentralized gaming hub!