fbpx
Guides

Gameflip: Reinventing the global gaming market

CryptoCompare needs javascript enabled in order to work.

Follow these instructions to activate and enable JavaScript in Chrome.

PC

MAC

Gameflip: Reinventing the global gaming market 1Gameflip: Reinventing the global gaming market 2Gameflip: Reinventing the global gaming market 3Gameflip: Reinventing the global gaming market 4Gameflip: Reinventing the global gaming market 5Gameflip: Reinventing the global gaming market 6Gameflip: Reinventing the global gaming market 7Gameflip: Reinventing the global gaming market 8Gameflip: Reinventing the global gaming market 9Gameflip: Reinventing the global gaming market 10

Gameflip: Reinventing the global gaming market 11

This is a sponsored guide and does not represent investment advice from CryptoCompare. Please do your due diligence when dealing with any Initial Coin Offering and never invest more than what you can afford to lose.

The markets centered around gaming are growing at a remarkable pace. According to Newzoo’s latest study, 2.2 billion gamers will generate $108.9 billion in game revenues in 2017, 87% of which are generated by digital game revenues which come from in-game items or currency sold directly by the game developers.

However, despite being impressive, these statistics leave out the sale of gamer-earned digital goods. So far, the methods that allow for the exchange of items between gamers have been lacking, leaving a huge potential for a liquid market for gamer-earned digital goods. These items, which are often more valued by gamers due to the effort associated with obtaining them, are often exchanged in non-transparent marketplaces or peer-to-peer deals where fraud is prevalent.

While the demand for these gamer-earned digital goods is big, so is the supply. Gamers often end up with valuable items they no longer need or want and they will almost inevitably change to another game at some point. So, there is both demand and supply, just no proper method of connecting the two. That’s where Gameflip comes in.

What is Gameflip

Founded in 2014, Gameflip is a one of the largest marketplace platforms on the web, with over 2 million users. This overwhelming growth of the Gameflip platform, has allowed its team to understand the gaming industry, the digital goods marketplaces, and the technological expertise of the current platform. Moreover, it has also allowed them to envision a way to grow and scale into a new decentralized ecosystem.

The current Gameflip platform offers multiple features such as a mobile app, fraud detection and prevention systems, escrow of digital items and advanced inventory management tools. However, Gameflip wants to take the platform to the next level through the use of blockchain technology and smart contracts.

The Gameflip decentralized ecosystem will be based on the Ethereum network due to its popularity and flexibility. Game publishers will be able to incorporate functions that allow gamers to securely transfer digital goods outside of a game, allowing them to trade these items for FLIP tokens in a safe and trustless environment, where funds are only released once the transaction has been fully completed. The white paper explains:

“The blockchain will act as a multi-game database, securely storing all digital goods and FLIP and tracking who owns them. With the new FLIP token, we aim to shift the paradigm for the industry by unlocking digital goods from each individual game and creating liquidity for them via trading in the decentralized ecosystem. Blockchain technology allows such trading to take place not only on the Gameflip platform, but also universally across any and all marketplaces, safely and securely. In turn, this will advance the entire digital goods ecosystem.”

The FLIP token & ICO

The Gameflip ecosystem will be fueled by FLIP, an ERC20 token based on the Ethereum blockchain, used to purchase digital items. Gamers can send FLIP and digital goods using familiar mechanics like how users of Wechat Wallet, Paypal and Venmo send value to one another. Game publishers or third party tool developers can also provide their own branded wallets that allow gamers to more easily navigate and manage their inventory.

The FLIP ICO started on the 4th of December and will last until the 29th of January, 2018. The ICO token allocation represents 43.2% of the total FLIP supply. – Read more here

This website is only provided for your general information and is not intended to be relied upon by you in making any
investment decisions. You should always combine multiple sources of information and analysis before making an
investment and seek independent expert financial advice.

Where we list or describe different products and services, we try to give you the information you need to help you
compare them and choose the right product or service for you. We may also have tips and more information to help you
compare providers.

Some providers pay us for advertisements or promotions on our website or in emails we may send you.
Any commercial agreement we have in place with a provider does not affect how we describe them or their
products and services. Sponsored companies are clearly labelled.

CryptoCompare needs javascript enabled in order to work.

Follow these instructions to activate and enable JavaScript in Chrome.

PC

MAC

Gameflip: Reinventing the global gaming market 1Gameflip: Reinventing the global gaming market 2Gameflip: Reinventing the global gaming market 3Gameflip: Reinventing the global gaming market 4Gameflip: Reinventing the global gaming market 5Gameflip: Reinventing the global gaming market 6Gameflip: Reinventing the global gaming market 7Gameflip: Reinventing the global gaming market 8Gameflip: Reinventing the global gaming market 9Gameflip: Reinventing the global gaming market 10

{{DateParsing.formatFromNow(connection.data[0].DATA.LASTUPDATE*1000)}}

{{connection.data[0].DISPLAY.LASTMARKET}}

{{connection.data[0].DISPLAY.LASTVOLUME}}

#

{{heading.display}}



{{keyDefaultData}}

{{$index+1}}

{{item[heading.name]}}


Sponsored

{{item[heading.name]}}
{{item[“DISPLAYTOTALVOLUME24H”][“USD”]}}
{{item[heading.name]}}
  • {{coin}}
  • +{{item[heading.name].length}}

Read more


Visit site



The Astra Protocol team points out that high-profile money laundering cases across multiple financial platforms have led to regulators paying close attention to the nascent decentralized finance (DeFi) space.

The native token of popular cryptocurrency exchange aggregation platform TabTrader, TTT, has launched on cryptocurrency trading platform Gate.io as well as on decentralized platforms on the Solana blockchain.

DecimalChain has been in the cryptocurrency market for only one year, but over time it already developed and launched a number of innovative products that helped the project get to the level of major blockchain firms.

Medieval games are an exciting genre where the world of magic, folklore and history are interwoven together. This exciting prospect is taken to the next level by TaleCraft, a gaming metaverse that has successfully built a medieval game on the blockch…

Blockchain gaming metaverse Polker has announced the listing of its utility token PKR on crypto exchange platform Bittrex. This latest development one day after the successful launch of the Polker ‘Testnet’ Closed Beta Game.

Once you install Good Crypto on your iOS or Android device or open the Web App, it offers real-time market data and analytics, automated portfolio tracking, and advanced trading terminal supporting 30 leading crypto exchanges.

CryptoCompare needs javascript enabled in order to work.

Follow these instructions to activate and enable JavaScript in Chrome.

PC

MAC

Gameflip: Reinventing the global gaming market 1Gameflip: Reinventing the global gaming market 2Gameflip: Reinventing the global gaming market 3Gameflip: Reinventing the global gaming market 4Gameflip: Reinventing the global gaming market 5Gameflip: Reinventing the global gaming market 6Gameflip: Reinventing the global gaming market 7Gameflip: Reinventing the global gaming market 8Gameflip: Reinventing the global gaming market 9Gameflip: Reinventing the global gaming market 10

Check Also
Close
Back to top button
Sitemap