Yumerium is the decentralized backbone of a new gaming economy that aims to facilitate the transactions between developer and gamers. By introducing blockchain technologies to the development process, new exciting ways for developers to interact with gamers, and vice versa, are born.
Introduction
A decade ago, we watched new “free-to-play” model spur an exponential growth of gaming industry by attracting much bigger number of gamers than the traditional “pay-to-play” model and the innovation created $100B+ gaming market today. Here at Yumerium, we envision a new model, the “earn-to-play” model, will drive further grown of the gaming industry. This model works by incentivizing gamers to play by giving them tokens that can be spent like real money. This new model will also solve some of the inherent problems of existing models by adopting blockchain and smart contract technology that will free gamers and game developers from centralized distribution platforms today. We believe it’s a historic moment for gamers and game developers alike to benefit from this innovation and Yumerium team is paving the way as we did with the “free-to-play” model a decade ago.
In the free-to-play economy, a small number of big companies have emerged and have become strong powerhouses. These companies control almost every aspect of gaming, including marketing, distribution, and payment. All of this is set on a centralized platform independently owned by each company to minimize costs and maximizing revenue. This also mean that said companies can determine which games are featured on the platform and force game developers to use their payment system. This lack of transparency and obligation ends up costing game developers a lot.
Loyal gamers play a significant role for the success of a game, but they do not really have ownership of their games; they instead have a license to play the game on a platform. So gamers cannot resell their digital purchases as they could with physical disks and cartridges. Because of this, gamers have not been properly compensated for the value they have created. Even worse, some gamers fall victim to fraud when third party sites promise compensation for hard-earned digital items.
With blockchain and smart contract technology, we believe Yumerium can offer solutions to these problems along with the introduction of the earn-to-play model with digital scarcity and crypto incentive system built in. Loyal gamers are properly compensated and game developers reach new audiences with transparent marketing tools.
User Benefits
There is currently no safe and easy way for players to receive valuable prizes. Whenever a developer creates a contest, gamers need to read long legal documents and provide personal information to simply participate in the campaign. Even after a winner is chosen, it often takes a long time to receive the prize. Even worse, some winners do not even get their prizes due to intentionally misleading rules or because the developers disappear altogether. Yumerium fixes these problems (ease, integrity and speed) by using a decentralized system.
1. Ease
Gamers’ goal is to have fun, so making it easy for players to participate is extremely important. Adding any additional registration or fine print will usually demotivate most from participating. Yumerium fixes this problem in two ways. First, by only asking the winner for just their public wallet address. This minimizes the information collected and maintained. Developers can further facilitate this process by saving the players public wallet address for future prizes. However, inputting a player’s public wallet address might prove difficult on non-PC games. Thus the second solution; the Yumerium platform provides an account registration on the Yumerium website. The account will already contain the player’s public wallet address, so all developers need to do is link the Yumerium account to the player’s account, a feature available in the Yumerium SDK.
2. Integrity
Depending on the size of the campaign, the integrity of the marketing team can come into question. How can gamer’s trust that the company will follow through with handing out prizes? Yumerium solves this by hosting the prize on the network at the time of creation. Once the prize is published, it is up for grabs by any player and is not removable by the developer. This way, the player knows that once they complete the contest conditions, the prize will be sent automatically and no other player can claim it. Not only does this help create more trust between both parties, it is also more secure. Since Yumerium uses blockchain technology, the prize on the network cannot be copied or stolen. So developers do not need to worry about publishing the prize and gamers do not need to worry about not receiving the prize.
3. Speed
Lastly, Yumerium is faster than conventional marketing methods. Since the prize is hosted on the network, once a winner meets all the prize conditions, it automatically unlocks the prize and sends it to the appropriate address. This bypasses any proof of win standards used traditionally, in which players had to figure out a way to prove they had accomplished a feat, like recording a video or doing the task in real time. This takes additional time and resources on both the gamers’ side and the developers’ side.
Yumerium Blockchain
Yumerium’s core layer is a scalable high performance blockchain. Its public ledger will keep records of game purchases and events. It works by deploying and executing Yumerium smart contracts.
Yumerium blockchain will be able to scale up while the number of transactions increases together with the size of the decentralized network. The throughput (TPS, transaction per second) and latency will be maintained by the innovatively designed consensus and economical rewarding protocols for gamers.
We see issues with current base layer technologies like side-chain, Bitcoin Lightning network, NEO dual-token system, and Ethereum’s Sharding & Casper, etc. In 2018, we believe that there will be major technology breakthroughs to allow better scaling and performance comparing to the existing live solutions.
We propose to build the initial version of the Yumerium smart contracts compatible with Ethereum Virtual Machine (EVM), which is used by majority of the current dApps. EVM itself is not only powering up Ethereum, but also adopted by many other blockchain projects as well. It has the potential to become the standard of smart contracts. However, smart contract technology is advancing rapidly. Therefore, Yumerium smart contracts will be designed as chain-agnostic as possible, so that they can be easily adapted/ported onto other virtual machines if necessary.
TEAM
The Yumerium team is composed of experienced veterans and hardworking newcomers in the game development industry. They are both excited about how smart contracts can shape the next generation of gaming. They believe that soon, both developers and gamers can finally have fun together in the most lucrative entertainment industry in the world.
Website: https://www.yumerium.com
Whitepaper : https://www.yumerium.com/resources/files/whitepaper_en.pdf
Reddit: https://www.reddit.com/r/Yumerium/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3272290
Twitter: https://twitter.com/yumeriumtoken
Facebook: https://www.facebook.com/Yumeriumtoken/
LinkedIn: https://www.linkedin.com/company/yumerium-inc/
Youtube: https://www.youtube.com/channel/UCsNkaYbM55WKlXP0ftSgdUg
Telegram group: https://t.me/joinchat/H5o7EE7ncnHvSXJJYWSLYg
Author : reikenboats821
Profile Link : https://bitcointalk.org/index.php?action=profile;u=2253946;sa=summary