TaaS Contributes 350 ETH to DMarket, a decentralised marketplace for turning every virtual item into a real asset.
Kyiv, Ukraine – December 4, 2017 – Token-as-a-Service (TaaS), the first-ever tokenized closed-end fund dedicated to blockchain assets, announced its contribution of 350 ETH to the recently concluded Token sale of DMarket, the world’s first blockchain-based cross-game marketplace to convert virtual items into real assets.
DMarket is the world’s first cross-game platform based on the blockchain. It enables the one-click sale, exchange, or evaluation of every virtual , in any game, on any platform. Utilizing smart contracts on the blockchain as a bridge, DMarket aims to connect every game universe without the necessity for a third party. This will turn every virtual item into a real asset for millions of gamers in the world.
The DMarket two-week final Token sale ended on December 1st. In total, including the Pre-sale, DMarket successfully an amount equivalent to $19 million USD. TaaS supported the success of the platform with its contribution of 350 ETH.
Ruslan Gavrilyuk, TaaS co-founder and President, said, “DMarket offers such incredible opportunity to the game industry today. DMarket is building an ecosystem where gamers, developers, and entrepreneurs can interact, creating a new economy that joins with existing real-equity markets. It is a safe and easy way to trade among game universes that is not currently available anywhere.”
This marks TaaS’ second Token Generation Event (TGE) contribution since TaaS completed its second fully-operational quarter. Previously in the third quarter, TaaS contributed 210 ETH to SmartOne, project aimed at bringing the disruptive capabilities of a blockchain-based enterprise to the legal sector. Other, smaller contributions were made to the top three winners of the ICO Pitch Competition organised in Davos, Switzerland by d10e, the leading conference on decentralisation.
During the second quarter, which ended on October 31st, TaaS contributed a total of 1 million USD(T) equivalent to 6 TGEs. TaaS also generated capital gains of the equivalent of 5.5 USD(T), producing a 72% ROI. This provided a payout of the equivalent of 0.33USD(T) to each TaaS token holder. The TaaS Token is currently trading on Livecoin, Orderbook, EtherDelta, HitBTC, Liqui and CoinExchange at the price of 4.36 USD(T) per 1 TAAS.
