Decentralized digital ownership for the gaming industry
Hoard Exchange is developing a decentralized platform that aims to disrupt the video gaming industry by enabling true ownership of virtual items and downloadable content using blockchain technology. The project aims to solve the problems of digital ownership where gamers don’t truly own the content they’ve purchased even though there are billions of transactions volume due to strict EULAs without any power to change ToS, and so on. The power of the publishers is too big while the players have little to no means to fight back.
According to its LinkedIn page, in order to achieve its goal, Hoard’s platform will facilitate 3 main things, enabling true ownership of virtual content for gamers, creating a new model of game financing for developers, and launching its own virtual goods marketplace with new opportunities for ‘virtual employment’. Hoard will provide the infrastructure for game developers to tokenize their games on a blockchain, while gamers will be able to own the items they pay real money for. In other words, gamers can buy, sell, and rent out their virtual possessions at will, inside and outside of the Hoard marketplace. In addition to that, the Hoard platform offers an alternative way of crowdfunding games by inviting funders to contribute in return for valuable virtual items and allowing them to participate in the economies of the games.
According to its website, Hoard has established various partnerships to achieve its mission, including but not limited to OmiseGO, Golem, Imapp, Flying Bisons, IBM, and Gamerhash. At the moment of writing, there are two games that are using the platform infrastructure, Plasma Dog and My Memory of Us. Plasma Dog is the first dApp developed on OmiseGO Tesuji Plasma network, it claims to be fast, cheap, and secure. The game was deployed to Plasma via Rinkeby and has several features including but not limited to a built-in Ethereum wallet, the ability to store tokens in a wallet, and so on. My Memory of Us has more or less the same features as additional NFT puzzles that comes from the game.