Gaming has been around for centuries, since the 1500s. With 104 nations as official members of the International Gaming Council, it’s one of the world’s most popular sports. Just as an illustration, the Indian Premier League, or IPL, is a relatively new league. It’s only in its eleventh season and has already generated more money from sponsorships than Major League Baseball. According to advertising media company GroupM, the IPL made $1 billion in sponsorship money in 2017. Compare that to the $892 million the MLB made in sponsorships in 2017, according to IEG, a sponsorship evaluation firm. In 2017, the IPL was valued at $5.3 billion, according to financial advisory firm Duff & Phelps. The IPL saw a 26 percent increase in its value from 2016, thanks to new broadcasting deals, the value of its title sponsor Vivo, and an increase in brand value for all of the teams, Duff & Phelps said.

In the cryptocurrency world, the sports ecosystem in blockchain has also been growing – ranging from Chiliz and Dapper has demonstrated that the industry has reasonably matured and is already a multi billion dollar ecosystem, albeit for their own visions.

Given this, it is assumed that the global Gaming market is worth well over $10 billion. Because of the game’s global popularity, this figure will likely continue rising over the coming years.

This demonstrates that the Gaming market is significantly large, and holds great promise.

The Gaming Platform is a blockchain based platform that enables an ecosystem for Gaming and its applications of the technology. The vision is to eventually build several applications and uses within the platform meant for the Gaming ecosystem. The platform is designed to incentivize the Gaming ecosystem partners into building a value platform that will accrue in value all of the possible applications that will eventually be enabled by this. Some examples of them are:

The core of the network is the Gaming Token. It is the medium of exchange that is used as a tool to incentivize all of its participants. The general purpose of the token is as follows

Incentives

The fundamental principle of a blockchain is to ensure that the incentives are correctly aligned with all of the system participants. primearily from the creators of the value within the ecosystem, and that of people wanting to participate in the ecosystem

Ecosystem Token

It is the primeary medium used for all products and services on the platform, and can be used only within the ecosystem. The goal of the token is to preserve the value within the ecosystem.

Like traditional collectibles, digital collectibles are unique virtual tokens that can represent anything from art to sports memorabilia. The value of a digital collectible is in its ability to be distinguished, or unique. In order to do so, digital collectibles are created, identified, and transferred, as a unique token. They cannot be divided, and represent one unique asset in its entirety. These are called non-fungible tokens or NFT’s. Thanks to the blockchain, and distributed ledger technology, the sale and movement of these NFT’s can be traced, verified and recorded on an immutable ledger. This means that their creation, unique identifiers, and ownership is not only traceable, but also verifiable. There can only ever be one owner of a NFT at any one time.