With the advent of a free-to-play gaming market, a small group of companies have monopolized the gaming market and have seized control of many core aspects related to this industry, including marketing, distribution, and payment. Since all of the aforementioned dealings take place through a centralized platform, these companies are able to force game developers to use their native payment services. This creates a host of issues related to transparency, privacy and also ends up costing game developers a large portion of their revenue.
Yumerium is a decentralized platform that aims to reconfigure today’s gaming economy by facilitating seamless transactions between developers and gamers. By implementing blockchain technology during the game-development process, this platform creates new channels via which developers can interact with their target audience — i.e. the everyday gamer.
Interested in Yumerium Here’s a quick rundown of the project:
Platform & Development
Essentially, the Yumerium project is divided into three major systems, including the Yumerium Native Token, the Yumerium Game SDK and the Yumerium Game Platform.
Yumerium has introduced a native token (YUM) that will serve as the medium for all exchange taking place between developers and gamers. The currency will possess tangible value and will allow users to deploy the asset for any dealings associated with the Yumerium blockchain.
Quite like all of the other major cryptocurrencies in the market today, YUM can be used as a medium for purchasing games at a discounted price or even for making small in-game trades. However, it should be noted that YUM Tokens can only be procured via one of the following ways:
- Playing games that come with built-in Token Reward campaigns
- Reviewing games which feature the Influencer Compensation program
- Purchasing the currency directly from the Yumerium Native Token reserve.
In the same vein, developers will also receive a host of benefits since they can now publish their games through the use of Yumerium’s native SDK and smart contracts. Not only that, through the use of this platform, developers can also put their games up for sale or start a reward program that incorporates a variety of optional features.
Yumerium’s secure smart contracts will ensure that the identities of developers and gamers using the network are verifiable. These contracts power a platform that will help developers integrate key functions like payments, ownership management, and incentive systems into their games in a completely hassle-free manner.
The initial version of the Yumerium smart contracts is designed to be compatible with the with Ethereum Virtual Machine (EVM), but the project has expressed interest in keeping these contracts as chain agonist as possible moving forward.
Yumerium has a number of internally created games designed for the platform’s blockchain ecosystem, some of which leverage VR technology through the project’s Subdream Studios. Cryptomine, a web-based strategy game, will be the first native game that will fully integrate the Yumerium platform.
Some of the other key aspects of this project that make it stand out include:
- Network Integrity: Yumerium solves issues related to ‘biased reward distributions’ by hosting the main prize on the network at the time of its creation. Thus, once the prize is published, it is up for grabs by any player and is not removable by the developer.
- Privacy: The platform delivers a high degree of privacy since it only asks users for their public wallet address to execute all monetary transactions.
Once Yumerium completes its token sale, it plans on launching its ecosystem in August of 2018. Notably, the project plans to support third-party games and developers starting in Q4 2018.
Yumerium is backed by a number of established personnel who have all been working in the blockchain and gaming industry for some time.
Jikhan Jung, the CEO of Yumerium, describes himself as a “serial entrepreneur” who has over 15 years of experience in the gaming sector. Additionally, Jihan is the CEO of Subdream Studios — a company that is actively involved in the creation of quality VR content.
Francisco Martin is the Chief Gaming Officer for the company. Having entered this industry a few years back, Francisco has already been involved in the creation of various high-profile projects including Galaga Fever, a VR take on the classic Bandai-Namco arcade game. He has also served as the Gaming Director at Virtual World Arcade, where he was responsible for the creation of a local multiplayer VR game called Prism Break.
Yumerium’s pre-ICO phase is currently underway and is scheduled to end on July 11. Following this period, the main ICO will commence.
The native currency is abbreviated as YUM and will be available for
- Pre-ICO Price: 1 YUM = $0.07
- Regular Price: 1 YUM = $0.1
Additionally, investments can be made via ETH or BTC and the minimum investment amount is set at 0.1 ETH.
With the gaming industry in dire need of technological disruption of its highly centralized structure, Yumerium comes at the exactly the right time. With the project already having a number of games in development, and after receiving high ratings from research groups such as ICObench and ICO Drops, it would not be surprising to see this project featured alongside the top crypto ventures of 2018.
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Disclaimer: An author of this article has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.