FIRST DECENTRALIZED GAME NETWORK
The game market is a billion-dollar business and have been for many years. They took in about US$9.5 billion in the US in 2007, 11.7 billion in 2008, and 25.1 billion in 2010 (ESA annual report). In 2017, it was valued at 116billion U.S. dollars. What is important is that the first generation of gamers is now grown up with significant spending power; therefore, despite high penetration rates among kids, video games can no longer be considered solely a child’s play. the gaming sector is expected to become a $143 billion global industry by 2020 — IF I am correct, there will be huge implications. In fact, it was found that video gaming is gaining on popularity among the seniors in the World.
Blockchain gaming startup EON Foundation has raised $5 million in seed funding from Cherubic Ventures, Wei Guo (partner of UpHonest Capital) and Feng Li (an early investor in Ripple and Coinbase) to build out its decentralized gaming platform. The EON Network, as it will be called, aspires to provide a cheaper, faster and decentralized way for developers to create new games and reach new audiences globally. With the gaming industry continuing to grow in size and value, some companies are looking into building games around Blockchain to take advantage of cryptocurrencies, tokens, and their benefits.
The EON Foundation, you can found it online at http://eontoken.io/, has been at the forefront of the minds of gaming-concerned cryptocurrency fans for quite some time now. The company has done significant work to popularize the concept of gaming on the blockchain, and a few of their most recent efforts have created quite the stir in an already-excited community of crypto gaming.
EON Protocol is meant to generate a “publicly-accessible system of smart contacts.” That will serve as a foundation for traffic flow between developers and gamers and offer an easy way for games to be launched on the various blockchains — such as Ethereum or EOS. The EON Network will join those other blockchains as another platform for developers to launch their titles on. Games which integrate EON Protocol will also be published on EON Network and will make use of EON, EON Foundation’s token.
EON will utilize smart contracts to track traffic across the platform. Since every user’s behavior is traceable on Ethereum, it will greatly reduce fake traffic and makes it easier to calculate conversion rate and ROI. EON platform also have incentive mechanisms to motivate gamers to broadcast the game they like in a decentralization way.
The final result is a win-win for developers and gamers. While developers earn more money by reducing marketing cost, gamers discover games more easily and can even earn money by supporting the game they like.
The EON Foundation is not alone in their work to create a new generation of games on the blockchain. Its investment partners, as well as an advising team including partners at Zynga gaming, Facebook, and the USC GamePipe Lab, are working closely with the company’s heads to further develop the technology.
ICO INFO
ICO Date: July 25, 2018
ICO Price: 1ETH = 21000 EON, 1EON = 0.0280USD (0.00004760ETH).
Fundraising Goal: Soft Cap: 10000ETH, Hard Cap: 30000ETH.