Gameworks to Power Tokenized Gaming Ecosystem
Gameworks to Power Tokenized Gaming Ecosystem
The newly launched Gameworks gaming platform has brought a fascinating and innovative way of providing game publishers, game developers, players, game items, and merchandise with a platform for monetization, security, and licensing in gaming.
The size of the online gaming market has been rapidly growing since 2009, and is expected to be $151.9 billion in 2019, and $165.9 billion by 2020.
The Gameworks platform provides players three key applications, the Gameworks Game Central, the Gameworks Mobile Wallet, and the Gameworks Token Depot. Gameworks views itself as offering more than just a marketplace for games. It is designed to be an expansive token-driven platform and community that unites game developers, players, publishers, and merchandise, both online and offline.
View the Gameworks Explainer Video Through: https://www.youtube.com/watch?v=6dcH4hIk7L0
The Gameworks Wallet
A mobile application where players and publishers send, receive, and transact with the GWX token used with the games, with other players, and with Gameworks merchants. The wallet also will carry the profile of the user and will be utilized for the user to interact, participate, and play with all Gameworks Game Central Games.
The Gameworks Token Depot and the GWX Token
Each game on Gameworks Game Central will be powered by the GWX token. This provides game publishers a new and innovative way of monetizing their games as it gives them the liberty and flexibility to build their own business models to sustain, maintain, and scale their games.
Where can you purchase GWX tokens? Through the Gameworks Token Depot, a portal where publishers and players buy GWX tokens used to run and play the games. Later on, the Gameworks Token Depot will be accessible through the Gameworks Wallet and the game publisher’s dashboard on Gameworks Game Central.
Apart from playing the games, the GWX tokens can also be used to purchase merchandise with partnered establishments who provide both physical goods and digital goods.
Why choose Gameworks?
Gameworks addresses key pain points that are experienced by both the gamers and the game publishers. Fair play, security, and transparency to mention a few. Thanks to the emergence of Blockchain technology we are able to utilize decentralized ledgers to properly keep track, audit, and safe keep all the transactions under the platform.
“The Blockchain gives us the ability to record in-game transactions in a way that makes them indelible, tamperproof and easily verifiable by anyone that has access to the network.“ – Jay Fajardo, CEO Gameworks
Gameworks is also developing the Gameworks Service stack, a suite of tools for game developers and publishers to be announced soon to the public.
“By providing each game publisher with the tools they need to enable their games such as a user registry API, token flow and accounting, and blockchain based game dynamics, they will be able to focus on what they do best, creating awesome gaming experiences.” -Lance Pormarejo, Head of Marketing & Business Development
The Gameworks Game Central
Launching this coming June 2019, Gameworks Game Central is a marketplace where a wide variety of games can be published, promoted, and run using the GWX token (Gameworks Token) through an easy and secure API. Similar to other gaming marketplaces like Steam, Garena, and Blizzard’s Battle.net where the games can be accessed easily and instantly, and where game publishers and developers can release their games powered by GWX tokens.
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