How We Went From an Idea Amongst Gamers to the Hottest Gaming Crypto Around!
When it comes to entertainment, most people think that Hollywood is the biggest contributor to the world of entertainment as the plethora of films and television content released each year serves to bring in heaps of revenue. However, that’s not the case. It is, in fact, the gaming industry that has risen to the top and has created an ecosystem of entertainment that content creators and gaming platforms rely on.
These days, gamers aren’t just sitting at their homes playing games; they can actually make a lucrative career out of it by showcasing their talent and skills online. Now, the crypto world seeks to facilitate it even more with the GMR token. But its story doesn’t start there. It has taken a long way to come to this point. Let’s take a look at our journey of how GMR went from an idea to the hottest gaming crypto out there.
How the Industry Changed
The potential for investing in the gaming industry can be traced back to the inception of YouTube in 2005. Before that, gamers had to rely on magazines, blogs, and forums to receive news on the latest games and discussion threads. YouTube presented a platform where gamers could showcase their talent, provide insight on games, and make money while they were at it. People love watching other people play games. It’s not just a display of talent — such content can also help other gamers improve their game, find walkthroughs that can help them through particularly tough points in certain games, and also shows them the worth of their content.
To promote the industry further, the market soon followed with new platforms like Twitch. It largely targeted the streamer market, but gamers took to it quickly, considering the live content they could churn out. You must be familiar with popular streamers like Ninja and Shroud. Twitch is the starting place that made their careers successful and aims to help other gamers, gaming platforms, and gaming content creators do the same.
YouTube still remains relevant, serving as a secondary place for gaming compilations, top moments, funny clips, fails, and wins. However, this content is largely unregulated as viewers can screencast the content of the original creators and claim profits for themselves. As a result, those who create the content miss out on potential revenue. YouTube has tweaked its algorithm to highlight copyright infringement in this kind of content, however people still find ways to circumvent it.
Enter Crypto
In 2009, just a year after the housing market crash, the world witnessed the power of cryptography and its use in making a decentralised currency, Bitcoin. It served to bring a currency to the world that could remain in the hand of the holder, and only they would decide what to do with it. Little did its creators know that they’d only scratched the surface — that a new crypto era would be born. The potential for crypto can be truly realised with its governing system, the blockchain. In simple terms, it’s an automated verification system. It’s used for recording transactions in a historical ledger such that transaction records are available publically and the movement of ownership can be tracked.
Soon after its inception, developers took it to another level. We can see the first instance of crypto’s potential Ethereum’s blockchain, which hosts and facilitates decentralised apps and crypto games. People went crazy over a game called CryptoKitties, where users could purchase in-game tokens for collecting and breeding digital cats. Some even sold for thousands of dollars in 2017. All thanks to NFTs.
NFTs or non-fungible tokens came out in 2013–2014 with the introduction of coloured coins but didn’t take off right away. They are a means of representing a value in digital assets. For instance, if you write a book, you hold exclusive rights to distribute and publish it, allowing you to earn money based on its value. With NFTs, the same can be applied for videos, images, gifs, mp3, etc., providing proof of ownership to the person who came up with it.
What Does All This Mean for the Gaming Industry?
With the inception of NFTs, content creators, game developers, and gaming platforms can hold exclusive rights to their intellectual property, protect it from infringement, and trade it based on its market value. For example, a gamer finds an Easter egg. An NFT serves as a contract to assert their ownership of that collectible item. Since it has some inherent value in the gaming community, they can trade it for a huge amount of money. Similarly, any content they create gives them exclusive rights of licensing for distribution and use.
How does GMR Help?
There are many platforms out there that can list NFTs for sale, but none are geared towards the content created by gamers. Here’s when GMR comes in.
GMR is a coin created by gamers for gamers. It serves as a tradable token for its platform, which combines the content creation and displaying capabilities of YouTube, Twitch & FaceBook, as well as aims to be a marketplace for selling NFTs for the content created by them. On GMR, you can access our gamer center that lets you create your own profile, follow your games, gaming categories, streamers, enter tournaments and much more.
How can you Purchase the GMR Token?
As of now, GMR cannot be purchased directly using fiat currency. However, you can get the tokens by first buying BNB from Binance. You can then go on to PancakeSwap that allow you to exchange for GMR. For more information check out our How to Buy.
