Video games now earn more than nine times as much as Hollywood.
And nowhere is the demand for video games hotter than in Asia which boasts a staggering 1.14 billion players.
These gamers have also demonstrated that they are more than happy to spend real money on in-game purchases.
While this is great news for the games industry as a whole, the gains are not always being distributed evenly.
Two of the most important groups within the gaming ecosystem – gamers & up and coming games publishers – don’t see the full rewards of the billions of dollars being made in the industry.
Instead the vast majority of the value is captured by large game publishers.
Nitro has a plan to use the decentralised and democratising power of the blockchain in order to help change that situation.
It has developed a completely new economic model which would see gamers become far more participatory in the games which are chosen to be published. Gamers would also be able to enjoy a share in the financial rewards from teh games that they support.
Smaller games publishers that need capital can use the Nitro platform in order to get funding where it might be difficult to do so otherwise.
Why small games publishers struggle with funding – and what Nitro can do to help
Small games publishers often struggle to attract funding from traditional sources such as banks, VCs, and angel investors because the team lacks a strong track record of success.
It is difficult for VCs or angel investors to assess the quality of the games that these publishers are creating because they are not gamers themselves.
This creates a situation where games that undoubtly have a real appeal are not funded.
Nitro takes a different approach. Accepting that upcoming games publishers by there very nature are not necessarily going to have an extensive track record, they instead look at the quality of the games to decide who to invest in.
This selection process is performed in two stages.
First an industry group of experts selects the PGP (Promising Game Publishers) then they believe should be presented to the Nitro community.
Selected games from these PGPs are then put to holders of NOX tokens to vote on whether they should be funded or not.
The games that are voted for receive funding.
The benefit of this system is that it is being curated and voted for by people who understand what makes a great game. It also creates that all important initial audience for the game. The NOX holders who vote for a game to be made are almost certainly likely to play the game as well.
In return for this funding the games publisher pays a percentage of the revenue back to the Nitro platform.
Using NOX & NOD Tokens
Used for in-game purchases will be Nitro Dollars (NOD). These are a stable currency which is linked to the the USD. One NOD Is always the equivalent of one USD.
NOX and NOD can be freely exchanged back and forth amongst one another. On the Nitro Marketplace will be an online store where NOX and NOD can be interchanged.
NOX Crowd Sale
NOX is being distributed in a crowdsale from 1st December to 26th December 2017. You can learn more here: