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DMarket

From EverybodyWiki Bios & Wiki

DMarket
File:DMarket logo.png
Limited liability company
ISIN🆔
IndustryGaming, Blockchain
Founded 📆2017
Founders 👔Volodymyr Panchenko (CEO)
Headquarters 🏙️, ,
Area served 🗺️
Worldwide
Members
Number of employees
🌐 Websitehttps://dmarket.io
📇 Address
📞 telephone

DMarket is a Ukraine-based cross-platform marketplace that allows developers and gamers around the world to trade in-game earned items and goods globally through Blockchain and smart contracts. Founded in 2017, DMarket raised almost $11 million in funds during phase #1 from its initial coin offering (ICO).[1][2][3][4][5]

History

Gamers spend a lot of time gaming, getting different items and points while playing, such as a fancy car, armor, or a bunch of other valuable goods. Through DMarket, gamers can trade these goods among billions of gamers around the world in exchange for cryptocurrency or goods, creating a new billion-dollar market.[3][6]

Founder and CEO Volodymyr Panchenko and co-founder Alexander "ZeroGravity" Kokhanovskyy emerged with an idea to revolutionize the system and become a payment gateway for the gaming industry. DMarket provides free transfer and independent trade and is an open trade platform based on blockchain technology.[7][8]

DMarket raised $11 million in just four days following the launch of the token sale, while the original goal was $1 million. Investors and the private sector showed huge interest, and DMarket raised its first $1 million in just 17 minutes.[2][4]

  • DMarket currency: DMarket Token
  • DMarket Token Crowdsale phase #1 – August 2017
  • Alpha version (testnet) launch – October 2017
  • DMarket Token Crowdsale phase #2 – November 2017

Usage

DMarket allows game developers to connect games using their API where items from all games and on all platforms can be sold or exchanged via one-click sale. It synchronizes thousands of databases through decentralized databases on blockchains that ensure safety and security.[9]

DMarket Tokens

DMarket coin is the currency used across the DMarket platform. Virtual item pricing is formed and regulated by game developers. This enables developers to evaluate and create their own in-game trading economy. All transactions are connected to the marketplace wallet.[3][10]

References

  1. Popper, Nathaniel (2017-08-07). "Despite S.E.C. Warning, Wave of Initial Coin Offerings Grows". The New York Times. ISSN 0362-4331. Retrieved 2017-10-04.
  2. 2.0 2.1 "Global marketplace for in-game content DMarket may bring billions of dollars to entertainment industry - NEWSBTC". NEWSBTC. 2017-09-08. Retrieved 2017-10-04.
  3. 3.0 3.1 3.2 "$10.4 Million: In-Game Item Exchange DMarket Raises New Funds in ICO - CoinDesk". CoinDesk. 2017-08-21. Retrieved 2017-10-04.
  4. 4.0 4.1 "Cryptocurrencies pose tough new questions for auditors, regulators - Sep. 15, 2017". KyivPost. 2017-09-15. Retrieved 2017-10-04.
  5. "$10.4 Million: In-Game Item Exchange DMarket Raises New Funds in ICO - The Bitcoin News - Leading Bitcoin and Crypto News since 2012". The Bitcoin News - Leading Bitcoin and Crypto News since 2012. 2017-08-22. Retrieved 2017-10-04.
  6. "Virtual Items Get Real World Value on DMarket". Cointelegraph. Retrieved 2017-10-04.
  7. "DMarket launches ICO, plans blockchain marketplace for in-game items | GamesBeat". venturebeat.com. Retrieved 2017-10-04.
  8. Law, Vicky (2017-08-11). "Blockchain Gaming: A Solution for Everyone?". Huffington Post. Retrieved 2017-10-04.
  9. "DMarket - Make Virtual Assets Real". DMarket – first decentralized cross-game items trading marketplace. Retrieved 2017-10-13.
  10. Magazine, Bitcoin. "DMarket: "Gaming" the Blockchain System — Bitcoin Magazine". Bitcoin Magazine. Retrieved 2017-10-04.

External links



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