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You should check out enjincoin and their thread here on the forums. It is very similar to everything you outlined here. However, they moreso focused on the marketplace sense of gaming rather than the longevity of in game currency. I think the gaming industry is a boom waiting to happen for an altcoin.
Hey, we already know about enjincoin! And we also agree with your thoughts, gaming has a huge potential for altcoins. Interesting post OP. I support what you're saying 100%.
One thing to mention, if it becomes possible to sell in game items through a 3rd party, second hand, market via crypto. While that would be great(!) selling prices would likely be much lower than buying prices similar to how baseball card shops and collectible outlet operate.
If someone owns a baseball card worth $100 they might only get $50 for it if they try to sell it to a shop that deals in collectibles. The same principle could apply to a 3rd party that buys in game items. The only way they could turn a profit is to buy at a lower price than they sell.
It could also open the door to crooks and scammers stealing in game items (which are less protected than crypto) & cashing out via crypto -- basically money laundering.
What might really be cool is if a big name game like "starcraft 3" had micro transactions and all of it was in crypto. That way it would force people to use crypto (which could be much easier and more intuitive than using fiat).
About the microtransactions on big name games: it's just a matter of time, it's bound to happen. The concept is smart. The potential for a huge monopoly being formed with the first big crypto-gaming token is something gaming companies should soon realize, if they haven't already. Such tokens geared towards giving players a way to not only transact with, but could also serve as a type of investment vehicle for those wishing to support such a system. Digital assets holding value as a commodity, assets that were previously either impossible or far to difficult to sell, suddenly would have a very real, measurable and liquid value.
This will not be ignored by the big boys.
I think they've already realized, but since they're all big companies they wouldn't go on and do something that's not fully regulated or on the grey area legally speaking. I think it's pretty sad that Steam has such a big opportunity here but their marketplace is killed with the fees. Furthermore, there's no way to get the money from Steam balance over to actual cash. These up and coming altcoins will definitely be big competitors for the Steam marketplace. It's possible that an altcoin could be integrated into the marketplace, but I don't know if Steam is ready to give up their nice % returns off trades. The push towards the gaming industry is not something that should be ignored at all.
I don't see Steam opening up their marketplace to the world of altcoins anytime soon, they have it all for themselves now That's really the only thing I don't like with games, anything you spend your money on would eventually become useless. If you ponder deep enough about it, it'll give you and existential crisis.  I still wonder how it'll allow the value to be kept though. Say I bought a few wheat from a farming game and that is discontinued. Are you saying I SHOULD be able to take that value and send it to a shooting game? In the world of crypto, that's not an issue because you can always exchange your assets for the currency of your choosing. For example, in our case, you could sell your game-assets for Ethereum and so on. If you'd like to learn more about this we encourage you to check out our homepage at https://e11.ioThis is a very interesting concept but I feel quite difficult to implement. It would have to have the support of many of the different games producers to work as I don't see it working simply P2P.
We believe new industry leaders will rise or at least the boutique ones will be able to have a large market chunk. |
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There are many industries the blockchain will disrupt, but there’s one that with the right crypto implementation will grow at an insane rate: games.
The gaming industry is worth around 100 billion dollars in 2017, and it will only keep growing. Millions of people around the world buy items, skins, in-game currencies, and other game assets, every single day.
Now, when these gamers are done with one particular game, all those assets they spent hundreds of dollars in, become nothing. They are now literally worth $0.00.
So let’s say someone could use some futuristic magical technology, *cough cough* the blockchain, to turn them into actual value, into something that they could own forever, trade, sell, or import into other games they want to play. It sounds obvious, as it should have been like this from the beginning and that means that, sooner or later, it will happen.
Want a sneak peak of the future of gaming? take a look at Steam where users can sell their game-assets to buy new ones from the same or a different game, or even buy a whole new game. The problem comes when users are done with the platform, they become hostages because their assets aren’t really theirs, they can’t cash out.
Even though this is a flaw, the gaming marketplace model is proved to work and is amazingly successful — there are millions of users already used to managing currencies with a specific purpose.
In the specific case of Experimental, users will be able to play with their e11, and whenever they win a battle, they can literally cash out to Ethereum, and then if wanted, to USD.
Companies that give true ownership to their users will lead the gaming revolution to come. It might seem that this is only a benefit for the users but truly it’s not. There are hundreds if not thousands of opportunities for the current market leaders to own the new economy — but the same rules apply for boutique game studios, and democratization is not always well received when you’ve built a $3billion gaming empire based on antique rules.
This analysis could be done for almost any industry and the result will be the same: Fortune1000 companies will have to adapt if they want to survive.
The blockchain brings with it a set of values that will have to be adopted by all of us, decentralization, democratization, and fairness. When will it show results? that burden relies on us.
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Yes, I think wa are in the big bubble, but still not in the top of it
IMHO it doesn't really matter if we're in a bubble or not. The outcome is what matters. |
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It's good to see that they're forming a better team, but when is it too big? |
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The team, the vision and the market in no specific order.
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Scams are also a part of online world, if scams not happen, how we alert from new scam, but everyone is not scammer and all are not legitimate. Some icos in past give huge returns to their investors, who faith on their genuine projects.
Exactly, that's the point. The bad thing is that people bash on some new legitimate projects without proof of anything. This makes the environment a bit too harsh for newcomers. There're also lots of nice people willing to help, too, but the naysayers speak loudly. |
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I personally think that it's debatable. The focus shouldn't be whether we are or not in a bubble, but if that bubble is helping push and refine emerging technologies to the masses. If there's progress pushing the blockchain then why not? BTC has always surpassed doomsayers expectations and came out in better shape. I've written my thoughts about this subject in the following blog post. What do you think? |
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I think it's a pretty fair article, the message it sends to the reader is pretty clear and not over the top in any way, but it lacks a little substance imo.
It's definitely true that not every investment opportunity is a scam and that honest people might get called scammer without reason.
On the other hand, there are a lot of scams so people are just very weary of anyone asking for money for an investment.
Does this deserve an article? I don't know, I'd say just suck it up being called a scammer and be transparent and honest about everything. Prove them wrong.
Agreed, we just felt there are many young developers that might not be able to deal with being called a scammer when they unveil their first project. In our case, we've been through good and bad and are a solid team, we can handle it. I don't want anyone to get discouraged if they are trying to help build the future. |
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We at Experimental know how skeptical the community currently is facing all the new ICOs. With the numerous amount of new companies and projects being founded every day, it might become hard to set apart the rotten apples. That's why we decided it would be a great idea to share some thoughts about this matter. Take a look at our article: Not everyone’s a scammer!What do you think about this? Feel free to share your ideas above! |
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Hey guys! We just made a medium post about our thoughts on why we're hard-capping our Pre-ICO and the advantages of doing this. We would love to hear your thoughts about it. |
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Hola a todos, soy Matías Nisenson, CEO de Experimental ( https://e11.io) Anunciamos nuestro pre-ico ayer y estamos teniendo una repercusión super grande, muchos registrados y colaboradores. El objetivo de este post es conocer que otros proyectos surgen de LATAM en la blockchain, y conectar para sinergias. Acá pueden ver de que se trata Experimental: https://www.youtube.com/watch?v=sO04WMhfp_Y (está en ingles pero tiene subs) Gracias y quedo atento! Mat |
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if u want post on steemit u will need a good account with many follow or ur post will disapear on news so quickly.. I think bitcointalk is good enough for announce any ICO. maybe u can use medium
thanks, what about the ethereum forum? any luck? |
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Hi, Matías @ Experimental ( https://e11.io) here Other than this wonderful community, steemit and a few facebook groups. Any ideas? Thanks! |
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Shouldn't this be in the project announcements section?
I kinda wanted to discuss some ideas, we already announced the pre-ico, not the goal here. Thanks! |
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Guys, How are you? I'm Matías Nisenson, CEO at Experimental ( https://e11.io) - It's been a while now since we started thinking about this project, but we had another company called Tiempy. We finally sold Tiempy to a European competitor, and now are full time dedicated to this vision. We see a world where the blockchain technology is not only for a few, but for everyone. We think it can and will improve every single industry, but even though companies, government and media are helping we're still far away from a fully distributed world. That's why we created Experimental, we will work on projects (that we call experiments) which main goal is to teach the masses, to show them how the blockchain can improve daily life. That's why our first experiment is a game, a mobile game on the blockchain. We need to find other applications that will work as bridges. Our own community had many many ideas that will be voted when the time comes for a new project. I'm writing this post to hear you guys out, and to learn from you. Do you have any ideas you would like a company like Experimental to work on?
If you have ideas, or like discussing them, we are looking for you. Our pre-ico is open on https://e11.io but we're only taking in 300 people for now, we want a focused and active community. ICO will be open for everyone. Anyways, I'm here to discuss ideas, who's in? Mat |
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Any bounty for translation? if any, i would like to reserve indonesian translation
Hi! not yet! We're still working on many fields so translation is not a priority right now. We'll keep you posted. Thanks |
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We have updated our PRE-ICO announcement here. |
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