Published On: Fri, Aug 18th, 2017

DMarket Launches ICO, Aims to Turn Virtual Items into Real Life Assets

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DMarket is the first cross-game marketplace that allows gamers from all over the world to trade or exchange in-game goods originating from any gaming platform. Their ICO, launched on August 17, 2017, has raised over $7 million in its first 24 hours.
The Birth of the Game Asset Marketplace
The world first saw it on a large scale when Team Fortress 2 released the item market in 2008. Thousands upon thousands of dollars were being poured into in-game keys to open in-game locked crates and receive items that did nothing but change the appearance of characters and weapons.
They had no real world intrinsic value but for $2.49 players could receive a random item that more often than not would be worth pennies. Occasionally players would get something worth more – some of the rarest items in the game could be worth upwards of thousands of dollars – but regardless, they still were just in-game cosmetics.
Game developers quickly realized that releasing games with virtual items not only increased the popularity of the game but also provided them with a secondary revenue source. As a result, more and more games started popping up that used the in-game asset concept.
Of course, as soon as the value of …

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