BitGuild: Changing Games Forever
Video games stand on the precipice of a technological revolution. The rise of mobile gaming over the more standard console and PC generation has led to a centralization of power among big game companies. We’re seeing not only a contraction among companies in the industry, but also in funding. Startups are having an increasingly difficult time getting off the ground, which directly impacts the quality of new games hitting the market.
Companies that do receive funding have so much pressure to meet revenue targets that a majority of their resources are dedicated to developing features intended to only bring in money. This includes GATCHA systems, progress halting timers, upsell offers, and vertically scaling content, just to name a few. As a result of the mobile games industry exploding, the demand for companies to meet and exceed financial expectations has led to the rise of predatory micro-transactions, insane platform fees, and strangling Terms of Service agreements. BitGuild hopes to solve all of these problems.
About BitGuild
BitGuild is a gaming platform created by leading industry professionals in both video games and blockchain. The platform is poised to revolutionize the gaming industry through innovative applications of blockchain technology, revolving around the integration and use of a custom ERC20 token on the Ethereum network. It’s called PLAT, official token of the BitGuild platform, is an ERC20 Token on the Ethereum network. PLAT will be utilized by all BitGuild games, and will be the centerpiece used for buying, selling, and trading of in-game assets.
Did you know that your in-game items, equipment, currency, and even your accounts in traditional and free-to-play games are not owned by you? Through common Terms of Service (TOS) agreements, all assets relating to current games are owned and controlled by the companies that develop them. This means that if the game ever shuts down, or if you should choose to move on to a different game, all the time and money you spent and the progress you’ve achieved could be lost forever. On the BitGuild platform, everything you earn in-game belongs to you and exists securely on the blockchain. As long as you control your private key, passphrase, and any secure information tied to your wallet, everything you’ve collected while playing is owned by you.
Wallet
The BitGuild wallet is the first of its kind. It essentially acts as your inventory for all games that you play on the platform. Not only will it display your current PLAT balance and transaction history, it will also show all of the items and in-game assets that you possess from the games you’ve played on the BitGuild platform. Your wallet, along with the BitGuild Virtual Asset Exchange, will act as a central hub allowing you to safely to put an item up for sale, view existing offers for purchase, or make a trade with your friends.
Since every item in our games will be tokenized, they are closer to being a real-world item than ever before. This could lead to new and previously unthought of forms of emergent gameplay. We believe players will create Alliances, Guilds, and Clans dedicated to seeking out legendary treasures within all of the games on the platform. This also paves the way for community content contests, tournaments, and developer-to-player interaction through digital, yet tangible rewards.
Design House
The BitGuild Design House will help solve the problem of funding in the video game industry. As projects form and require cash to get started, instead of looking for venture capitalists and investors, they will instead look towards player communities. Through the BitGuild Design House, companies can submit detailed plans about their game; highlighting information about development timelines, story, features and more. Players can review all submitted plans and choose to contribute to their favorite projects using PLAT. When a game reaches its goal, development funds can be securely transferred via smart contract over the blockchain. If a game doesn’t reach its goal in a specified amount of time, all PLAT is returned to the contributing players. Much like Kickstarter, companies can offer incentives to its stakers for meeting goals and getting funded.
The community curated Design House will bring the best games to the forefront of the BitGuild platform, inviting in the largest community of gamers in cryptocurrency. We can’t wait to see what developers and players can create together.
Games
While talk about platforms, coins, and wallets is all fine and dandy, the real meat and potatoes of BitGuild lies within its games. We have some of the best talent in the gaming industry guiding us to some truly epic projects. The first game launched on the BitGuid platform will be BitGuild: The Game. We plan to have a beta ready in Q2 of 2018. The surface of gaming in crypto has only just been scratched, bearing numerous applications that could change the world of connected gaming forever. The potential here is extraordinary, and BitGuild is well positioned to be the industry leader in cryptogaming.
Conclusion
The gaming industry has stalled, and blockchain is here to revitalize it. An all new class of games where the power is back in the player’s hand is on the horizon. We hope you will join us in this revolution and help create epic games!
BitGuild’s mission is to revolutionize the global gaming industry by creating a platform for a brand new class of games that live on the blockchain. Blockchain games completely redefine the relationship between players and developers by facilitating full and true ownership of in-game assets, cheap & safe item trading, cross-game compatibility of items & currency, and more.
