The Gaming industry is booming. The billion-dollar industry is only set to grow even further with the upcoming launch of e-gaming on the blockchain. The meteoric growth of the gaming industry in recent years has led to a surge of startups, investors, and enthusiasts looking to get involved. And while many countries have already built game studios, or have dedicated esports departments, India seems to be lagging behind in this area. With so much potential at hand, it’s no wonder that more and more gaming companies are choosing to build their operations in India rather than elsewhere.
GameX ICO
GameX is a decentralized gaming platform that functions as a blockchain-based ecosystem for users, game developers, and advertisers. The team has also developed a mobile app that lets gamers earn tokens called ‘XPOS’. XPOS can be traded on cryptocurrency exchanges, exchanged for fiat money, or used to play games.
The system has been created to solve a number of problems that are faced by existing gaming platforms, namely the slow and expensive transaction process, the lack of user engagement, and the constant risk of fraud. Their XPOS tokens solve the first problem by making the whole gaming ecosystem more efficient.
The XPOS token sales already managed to raise 50 million USD, out of their 55 million USD initial target. The reasons for the ICO success are still unknown but it’s possible that it was due to the popularity of the platform and the blockchain technology behind it.
Streamr DATAcoin
Streamr is a blockchain-based protocol that lets users buy and sell data. The platform has been built to solve the issue of trust in the data-trading ecosystem. It does so by using Gnosis’s decentralized prediction market technology to verify the transactions and create a trusted ecosystem.
The Streamr DATAcoin is the main utility token on the Streamr platform. It’s used to pay for the transfer of data and for transaction fees. You can also use tokens to request data from others. The platform has been designed to be extremely easy to use, allowing users to create campaigns and send requests to businesses around the world.
One of the most interesting features of Streamr is the fact that data will be able to be traded across any device, be it a car, a bike, a plane, or a computer. This means that people won’t have to make a decision between the convenience of their mobile device and the performance of their car. Instead, they can use the best of both worlds.
EthLend
EthLend is a blockchain-based platform that aims to provide a secure platform for borrowing and lending cryptocurrencies. The idea behind it is quite simple: you want to borrow cryptocurrency for a short period of time and don’t have enough collateral to do so. You can then apply for a loan on EthLend and offer as collateral other crypto assets.
The platform has been designed to provide a wide range of lending and borrowing functions. You can borrow different-sized loans and choose a repayment date that best suits your schedule. Using the Ethereum blockchain ensures that the system is safe and secure.
The platform is in its early stages of development, but it’s easy to see where it’s heading. It aims to function as a hybrid between a peer-to-peer lending platform and a cryptocurrency exchange. That way, you don’t have to choose between convenience and safety.
Auctus Tokenized Loan Platform
Auctus is a blockchain-based platform that aims to revolutionize the financial services industry. The focus of the company is on asset management and the creation of smart contracts. Auctus offers a platform built on the Ethereum blockchain that allows investors to create smart contracts.
These smart contracts simplify the process of investing and track the performance of funds. The company has also developed a product that lets users create investment loans. Basically, you create a contract that holds a loan on your asset.
This way, you create a loan-backed investment contract. The platform has been built with regulatory compliance in mind, following the general approach of the Securities and Exchange Commission. The SEC has outlined a number of requirements for token sales and Auctus has made sure to comply with these. This means that you don’t have to worry about regulatory compliance as an investor.
Gameplay. gg Marketplace
PlayGame is a blockchain-based marketplace where users can find and sell gaming items. The marketplace has been developed by Gameplay, a company that provides esports betting and gaming services. A big issue in the gaming industry is the lack of proper regulation.
This has led to a lot of issues in the past, like the hacking of popular gaming platforms and the theft of millions of dollars. The marketplace offers an escrow service to resolve disputes between sellers and buyers. Users who post items on the platform have to pay a small fee for listing their items.
The marketplace will then verify the legitimacy of the items and provide ratings for each item. The marketplace has been designed to make it easy for gamers to list their items. The platform has been built using an online shopping cart that lets users sell their items with just one click.
Why is India the Best Place to Build an Esports Company?
There are a lot of things to like about India when it comes to building an esports company. First of all, the population is extremely passionate about gaming. This means that there is already a large number of gamers who are willing to spend money on their favorite titles.
Also, the region has a rich history of competitive gaming. The first esports tournament was held in India back in 1984, and the Indian National Electronic Sports Tournament is one of the biggest esports tournaments in the world. That’s not all, India is also making a strong effort to support the growing industry.
The government is investing a lot of money in promoting esports and building new stadiums for esports events. What’s more, the country has a favorable regulatory framework in place, making it easier for companies to operate in the market.
Conclusion
In terms of investment opportunities, the gaming industry is set to become the next big thing in the blockchain world. In fact, many prominent investors believe that the gaming industry will soon overtake the crypto market as a whole.
That’s why it’s becoming increasingly difficult to find crypto investment opportunities. Unlike crypto, blockchain gaming ventures are profitable and have low risks of failure. It’s a great idea to invest in the gaming industry and help to build new and exciting blockchain-based apps.
