This year has turned a new leaf for the crypto world with several ICOs offering ground-breaking technologies and, in turn, increasing the footprint of crypto-currencies in the economy. However, the ideas are severely limited to one industry, commerce, while most others are far behind. Not anymore.
Nitro.live might be able to bring a watershed year in the growing gaming industry. The industry received profits of over $100 billion in the last year alone. Yet, there seems to be a dissonance with the stakeholders involved. There has to be a better way to handle the operations while satisfying all the participating groups.
Currently, in-game transactions or even payments made over a platform go through customary payment gateways. This ancient architecture has served us well thus far, but in an increasingly fast-paced world, it has gotten cumbersome and inefficient. Enter Nitro.
With over $1.5 million raised in sales, Nitro intends to be a whole platform of the video gaming industry. An umbrella that encompasses not just the gamers, but also all the stakeholders including studios, publishers, and financiers.
The platform will serve to fund studios that will then develop titles for the ecosystem. The platform is also introducing its in-house currency, NOX that will help gamers purchase titles and other game-related expenditure. They may also receive rewards in the form of NOX tokens if they fulfill tasks that are predetermined by the studios.
One key differentiator with Nitro is that a publicly listed company, iCandy Interactive, already backs them. The Australia-incorporated company is ASX (Australian Security Exchange)-listed. With access to a user base of over 340 million gamers, iCandy has an enviable foothold in the mobile gaming industry.
The massive number of prospective users should be enough to allure game developers to climb aboard the Nitro platform. Other than the sheer strength of numbers, the ecosystem is also providing an improved payment mechanism for the transactions made by the gamers, for the developers.
The platform will also drastically reduce the marketing budget for the companies by removing the need for large conglomerates that currently rule the marketing roost. Additionally, the sale of NOX tokens will eventually be used for funding of future projects with the games sharing about 20-30% of sale revenue with Nitro for a maximum of five years.
Furthermore, Nitro has a rewards pool that allows gamers who play, review or participate in other aspects of games are eligible to receive rewards. The rewards will be given in the form of NOX tokens from the pool. The prize is decided based on theweightage algorithm applied by the ecosystem. You can further learn about Nitro by reading the platform’s whitepaper.
All of the above will lead to an increased engagement in the Nitro marketplace. Nitro shall stand tall as the network that understands the gaming industry’s problem and solves it efficiently; where all the stakeholders get their share without sucking the fun out of the games for the gamers. It really has covered all its bases and how!
