Hoard
True ownership of Virtual Items
True ownership of Virtual Items
Hoard is a blockchain platform disrupting the gaming industry by enabling true ownership of virtual items and downloadable content. In 2017, the gaming industry generated over $103 billion in revenue, with $80 billion coming from virtual goods sales. Despite this, gamers lack true ownership as publishers control the items purchased through strict EULAs and reserve the right to alter terms or shut down marketplaces.
The Hoard platform aims to revolutionize the industry by providing three key functionalities: 1) Granting gamers true ownership of virtual content, 2) Introducing a new game financing model for developers, and 3) Establishing a virtual goods marketplace and opportunities for 'virtual employment'.
Founded in 2018 and headquartered in Denmark, Hoard's infrastructure will allow game developers to tokenize all game aspects on a blockchain, enabling gamers to own, buy, sell, and rent virtual items both within and outside the Hoard marketplace. Additionally, it offers an alternative crowdfunding approach, allowing funders to contribute in exchange for valuable virtual items and participate in game economies.
Hoard presents a promising opportunity at the intersection of blockchain and gaming, tapping into the ongoing trends in both industries.
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