ICO Today Magazine News
Videogames are a large part of entertainment industry. Over 2,4 billion people are playing videogames as of the end of 2017. They spend huge time, money ( >$115billion) in shaping new experiences and purchasing digital items (assets) to do so. But in-game items you pay for is really yours. True private property rights for game assets don not yet exist. Hyperloot is in the business of making gaming market healthy. Our solution provides “blockchain based” private property rights for in-game assets and ability to freely exchange them via our pier to pier network with zero transaction fees. Free market and private property is what makes the world go round. Entrepreneurship can exit and flourish only if private property rights are fully enforced. All of the IT companies are built on intellectual property and entrepreneurial ingenuity. Gaming is no different. There are billions of people involved and by letting them use their gaming experience and items in a free market environment rewarded accordingly we will effectively create a new paradigm, a new era for the gamers and entrepreneurs to develop and expand range of services while reducing costs for consumers and barriers for adoption.