What is GameFlip? How does it Works?
In today’s world of start-ups, we can find huge numbers of cryptocurrencies are popping up each and every day. All investors are extremely feeling lucky to be a part of this industry. Each and every day the market is growing better and better. Blockchain and cryptocurrency have become big new in no time.
Today let me take you through GameFlip. Do you have any idea about what is it actually? Well, let me start with a short introduction to what GameFlip is.
It gives all gamers a global platform so that they can build a better setup of games. It does not end here, but it also gives an opportunity for gamers to sale the games among themselves leading to the growth of the company. Flip is the token is a new cryptocurrency introduced by the company. This is introduced so that the life of the gamers can be smooth by using blockchain technologies which will in return help them to commercialized games among themselves if they wish to. It has been stated as the most comprehensive centralized market for the transaction of digital goods leading to huge growth. It has become solely responsible for the transaction of million of digital goods for gamers.
Reason for success..!!
The team working for this company believes that their DNA contains gaming as they carry years of experience in this ground. It is not only about gaming but the experience is also counted on the basis of architecting the game, launching it and giving a platform for free-to-play games. They have a huge connection in the field of network and relationship with the global best publishers. They have tied up best brands like Sony, Disney, NHN and many more.
We all have good knowledge about the word “decentralization” so therefore we can say that this company leads to a decentralized network company. And they are no longer limited to one group. This group consists of mainly game developers and publishers, gamers, a marketplace for digital goods and contributors for this group.
The backbone for Flip is non-other than the Ethereum blockchain. Ethereum has been chosen for various reasons like flexibility and speedily reach a wide range. Apart from this, the big reason is “Trust” which only Ethereum can only provide without any additional charges. It solves all trust issues by providing secure transactions, creates smart contact. In case of any transaction taken place, the GameFlip platform sends a notification alert to the user’s phone through an app.
How flip token function?
The basic and the only reason for the introduction of flip token were to create an environment for trading games by gamers in a better way. For a quite long period of time, the gamers face huge challenges in this field. The spent huge amount of money but in return, the values lead them the zero every time the game gets over. Proof-of-Stake and flip tokens are helped by blockchain technologies. Here all the players use it to exchange among themselves. It is, in other words, stated that gamers will enjoy the tag of “real ownership of digital products” as they will really become the owner of the game whenever they will buy them just as it happens in real life with gamers buying games. No difference at all.