Switex — The Power of NAGA’s Decentralized Virtual Goods Marketplace
One of the most booming industries in the world is the gaming market. With an estimated 1.8 billion active gamers, worldwide and over $108 billion in revenue it is an authentic monster.
For a market that is so popular and generating such incredible sums of money, it is still one that is vastly underdeveloped and basically more than a little grey. Many in-game transactions are often unsafe and both buyers and sellers can end up not getting what they expected out of their exchanges.
Against this backdrop enters Switex, a new disrupting power that is going to completely revolutionise the entire gaming industry. This innovative virtual goods platform is going to make the buying and selling of in-game items legal, trustworthy, and safe for all parties.
Switex will offer an intuitive and fast market place, much like eBay or Amazon, for virtual goods. This will be done through the primary market (Store) and the secondary market (Market). The Store will be where publishers can directly create offers and promote both new and old items for sale. The Market, on the other hand, will be a place where gamers can make player-to-player transactions. For the first time, gamers will now be able to activate their time and effort spent playing games and turn it into real-world capital via the NAGA WALLET, or simply exchange one of their virtual in-game items with that of another user.
All items exchanged across the Switex platform will be carried out with complete peace of mind and without any fear of fraud and scamming. The legitimacy of an item, its origins, and the users right to sell it will all be verified.
Apart from being the first independent virtual goods market to completely empower both gamers and publishers alike, Switex will also be a platform built completely from scratch. It does not rely on any 3rd parties, but is instead a cutting-edge space built by gamers, for gamers. Switex users will also befit from some of the lowest fees in the industry.
After a highly successful Alpha launch in early 2018, Switex is now fully on track to go live in April 2018. This is an incredibly exciting opportunity for gamers and publishers, but also for the overall NAGA Ecosystem. The NAGA COIN will be an accepted unit of account on Switex and NGC holders will benefit from even lower fees than other users.
Non-gamers can also get excited about the disruptive potential of Switex. As an integral part of the ever-growing NAGA Ecosystem, the success of Switex will only further enhance the NAGA universe and serve to help push up the value of the NAGA COIN as it becomes fully integrated into the Switex platform.
As with all things NAGA, Switex is only getting started when it comes to virtual goods. Gaming and in-game items will be the main focus at the outset for Switex, but in the future the plan is to extend the platform to include other virtual goods, such as digital tickets, models/stocks made by digital artists or developers, even media is conceivable. The E-Sports world will also be something that Switex keeps a very close eye on.
2018 is going to be a massive year for NAGA, and Switex is going to play a huge part on our continued mission to disrupt the market norms in the worlds of both finance and technology.
The future is NAGA. The future is Switex.
