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Author Topic: Why do we need blockchain to create a cross-game marketplace?  (Read 145 times)
D_market
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August 07, 2017, 09:53:05 AM
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We are often asked, why not a centralized solution for cross game trading. There are several reasons for the approach we are taking.
The main issue with creating a universal cross-game marketplace is that there are thousands of games and game developers, and up to now there wasn’t any technology that could connect them all with each other. This is where blockchain and smart contacts make their entering. Blockchain technology and smart contracts allow to create a decentralized marketplace for cross-game trading. Therefore game developers will be able to connect their games with their in-game item to blockchain, allowing gamers to evaluate and trade them.
Moreover, in a centralized market, it is very easy to manipulate the amount of money. This applies both to the amount of money found on any of the marketplace accounts and on the amount of money in an entire marketplace.
A centralized market also raises certain concerns regarding the censorship over the transactions that take place within it. This concerns become even more troublesome when the in-game market is in question. This is simply because trading with items or in-game currencies provides many opportunities for people to manipulate.
Some people can try to sell the same item several times or to dupe (create a copy of an item) an item. Any of these practices can have devastating consequences on the value of trading currency in the marketplace.
Using a blockchain model in a marketplace has a primary purpose to bring those manipulation risks to a minimum. Every trade is transparent and it is stored in a system which is by its very nature public. the entire monetary part is realized on the blockchain and every trade that happens in the in-game marketplace requires surgically precise monetary exchange of token to an asset.
By recognizing current needs of the gamers and the benefits of creating a new cross-game market, DMarket was inspired to create the first decentralized, global marketplace on Blockchain for trading any digital items from any game.
The main benefits of DMarket compared to other marketplaces and game-based blockchain solutions come from the opportunities the DMarket has created for both gamers and developers. While gamers will be able to trade with their virtual assets and get the real cash in a secure and transparent marketplace, the indie developers can use DMarket API to take advantage of in-game markets.
Furthermore, in-game assets will become a source of value and gamers will maintain ownership over them, and be able to trade them in a reliable and secure way. DMarket’s marketplace is the first decentralized, global marketplace that comes as a scalable and cross-platform solution.
In the end, it is important to mention that DMarket is using smart contract technology to ensure immutable records of anyone’s assets. This adds a unique form of memorabilia to the game certification process, which remains secured and safe on the blockchain. This process ensures that every digital asset becomes truly unique.

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