GamerHub is a new platform that allows gamers to access games on different blockchains in one place. The play-to-win blockchain gaming industry is growing rapidly, but usually users have to jump from one platform to another if they want to enjoy various games. GamerHub wants to make this process more convenient for gamers. It will build the first of its kind multi-chain cryptocurrency gaming aggregator. The platform will allow users to play different play-to-win games without changing websites.
The project has an experienced team that is currently working on a state-of-the-art solution. The latter will address the main gaps in the current P2E ecosystem. Furthermore, the team has already outlined a roadmap, showing how they intend to build and deploy their solution in the Defi market. The company has also launched its native utility token – GHT. This currency plays a fundamental role in this project.
GHT is an ERC20 coin. Its price is USD 0.018 per token during the initial coin offering. The team aims to raise $80,000 from the ICO sale. The total supply of GHT is 500,000,000, but only 36% is available for purchase. This token ranks quite high on various ICO listing platforms.
More and more developers are using blockchain technology to improve the overall gaming experience. Blockchain has many attractive properties that attract members of the gaming industry. For example, it allows for decentralized ownership of various in-game assets. Players spend billions of dollars buying virtual goods. While they enrich the user experience, people don’t really own those assets. They can’t use them in real life. So they actually spend money on the experience, not the tangible things, that will stay with their job. However, blockchain technology allows developers to create in-game assets that give players greater control, allowing them to sell, trade, or transfer their assets.
What are the other advantages of Blockchain technology?
Blockchain offers permissionless use and transfer. Usually, game assets belong to the particular game, since they were created specifically for it. Users cannot move them and use them on the other platforms, even if they have paid money for these goods. As a result, black markets exist to trade in such items.
According to a survey, 62% of gamers said that they would be more willing to buy virtual items if they could use them to their advantage in different games. Meanwhile, 84% of developers said they would create such products if they had access to the technology to do so. Blockchain technology offers just that. It allows developers to create in-game items that can be easily transferred from one platform to another.
Also, blockchain technology offers people to invest instead of spending. Most in-game assets and currencies will gain more value over time, especially if your platform is successful. Of course, there is always the chance that the game will not be as attractive and crash. But it is quite easy to determine if the game is immersive and well-developed or not. In recent years, reports have shown that the top five gaming-focused tokens have continued to rise in value, along with most of their in-game assets.
Also, blockchain game startups earned $476 million in the first half of 2021. That’s about 9% of the total funds invested in game companies. It is clear that investors are willing to invest their funds in blockchain games.
What are the advantages of the Play-To-Earn (P2E) model?
Most of the blockchain-based games allow users to compete for in-game assets. Participants can then transfer these items to a real world value. Thanks to this system, developers were able to create virtual economies where players generate real-world income by participating in gaming activities. This new trend is especially popular in Southeast Asia. Many people rely on play-to-win (P2E) games for additional income. That is an easy and nice way to earn money. Furthermore, the P2E movement has gained such momentum that some countries are planning to create tax schemes for P2E game developers and players.
According to surveys, there are approximately 220 million cryptocurrency users around the world. However, so far, there are only 10 million players within the P2E ecosystem. In recent months, both the number of users and interest in the industry have grown exponentially. In July 2022, more than 40,000 people searched on Google for the term “cryptocurrency games to play and win”. That was a 300% increase compared to the previous month. But the play-to-win industry still faces many challenges. GamerHub wants to outdo them.
How does GamerHub work and what solutions will it offer?
The GamerHub team wants to build a unique ecosystem for cryptocurrency gamers. This platform will allow users to play, win and experience great adventures through aggregate play. The company also offers various rewards and has decentralized governance. This project makes it easy for gamers to play different games on different blockchain platforms without switching websites, all in one place.
The team created a solution to provide a lucrative environment for developers and gamers. The project will allow users to take advantage of the vast opportunities offered by the play-to-win industry. Developers will have access to the tools needed to build and launch their own play-to-win games.
This platform aggregates games created across multiple chains, thus providing a seamless way for players to explore, play new games, and purchase in-game assets. Users will have full control over their games, items and player data. The company will ensure that players have true digital ownership of the purchased NFTs.
Additionally, players will be able to earn rewards for contributing to the ecosystem through various activities. The latter includes reviews, streaming, tasks, ratings, products, and references. The platform comes with a built-in marketplace for trading in-game items. It also has a social hub for users to connect and interact with each other.
GamerHub aims to provide top-notch security. To do this, it will use decentralized identifiers (DIDs). The latter will guarantee the secure and anonymous identification of the user. The team noted that decentralized identifiers are unique digital identities stored on the blockchain. They provide a verifiable and tamper-proof record of a player’s identity. This system ensures that customer information is kept private and secure. It also allows players to fully control their digital identity.
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