The planet we live in now and are utilized to is defined by the levels reached by digitization throughout the previous two decades. With blockchain going into the fray, a new age is about the horizon. One project has opted to take up the initiative and position itself as a pioneer in blockchain-based app stores and social media networks.
Since the inception of the internet and computers becoming affordable for the typical home, technology has changed our world and how we interact with it. Apps and social websites are an essential component of our lives now and are becoming more impactful every year.
- There are now 3.78 billion social media users worldwide. This means that over half of the people of Earth is on social media.
- There are 4.66 billion active internet users worldwide – 59.5% of the worldwide population – of the total, 92.6 percent (4.32 billion) obtained the internet via cellular devices (Statista).
Mobile devices are indeed marking stunning growth in the previous decade and are pushing all competition aside. The app market is projected to surpass 1 trillion U.S. dollars in earnings via paid downloads and in-app advertising in the center of the decade.
Yet, there are some considerable problems with how the present app stores function. High commissions which go as large as 30% for both the Apple store and Google Play are one of the biggest problems for programmers. At exactly the exact same time, social networks using their dubious marketing policies and practices pose another major problem. For the most part, advertising is intransparent for advertisers and users. Fortunately, blockchain can present us with an answer to both issues thanks to the immutability of its documents and its capacity to facilitate decentralized exchange of data.
Game Changer and their book solution
Game Changer is a blockchain-based currency for cross-app purchases which can also be utilized for the production and facilitation of NFTs (Non-fungible tokens) on a decentralized social media. The project combines a decentralized app store using a unified token which can be used to get in-app purchases across every product filed and approved in the ecosystem. The idea is especially important for mobile gambling, an industry which has one of the maximum chemical growth rates over the entertainment industry, exceeding yearly levels higher than 30%.
Presently, every separate cellular game has its very own digital currency. Users can deposit just certain packages which aren’t flexible and often leave the consumer with fresh parts of the currency, which is completely useless outside the ecosystem of the specific game and isn’t refundable.
The GC token could be reverted back to fiat or crypto, used in a different game or app within the ecosystem and even utilized to tokenize in-game items, which can then become a source of income to their owners. This allows app users to capitalize in their engagement with certain products – for instance, a rare item in a specific game the consumer is no more interested in playing could be tokenized, recorded on the app store market and moved to another user.
Game Changer is growing the first blockchain-based social network using an integrated token for influencers and advertisers. A decentralized social media network engages into a clear and direct interaction involving all stakeholder groups inside it without the one-sided power of the party managing the network. A transparent and reasonable fee structure for advertisers in addition to a feasible way for influencers to get customers and get paid directly on the social network without using 3rd party services is how Game Changer imagines the potential of social media.
Another hot fashion that came to the attention of the cryptocurrency planet is NFTs. Non-fungible tokens are utilized to tokenize any digital advantage, therefore assigning a monetary value to it and making it transferable from one thing to another. The problem with NFTs now is the lack of an infrastructure enabling to their seamless trade on one reliable market.
Game Changer is attracting NFTs to their blockchain-based social media network. Through a decentralized market, users will have the ability to create and move their own NFTs and use the GC token as the payment method.
The job isn’t in its baby stage – Game Changer has already developed the first programs which are going to be added to the ecosystem when it goes live and is already accepting 3rd party submissions by external developers. The rollout is planned for the end of the season.
Game Changer is a trendsetter. In a world where cellular programs and social websites are becoming an essential part of our everyday lives, Game Changer presents the latest advancements of technology to solve some of the pressing issues.
Disclaimer: This article is provided for informational purposes only.