Blockchain Games Platforms Tokenomics

Introduction

The enormous growth of the video games blockchain market in recent years, has led to the creation of platforms dedicated to this kind of products. The purpose of these systems is to act as a platform for the development of new games, providing appropriate services, but also as a simple marketplace for their distribution.

Here are 3 platforms that are in this domain and in particular in the space of platforms that promote the development of games based on blockchain.

Gala Games

Gala Games is a decentralized ecosystem. Its goal is to foster and support the development of blockchain-based video games. The platform uses the play-to-earn model, runs on the Ethereum network. The founder of Zynga is also a Gala Games cofounder. 

The most popular game on its platform is Town Star. Many other games such as The Walking Dead: Empires, Mirandus, Legacy, Last Expedition, Echoes of Empire, Spider Tanks and Fortified are in development. 

The native token is GALA which currently has a capitalization of over $3 billion. 

The platform hides the blockchain but still allows to take advantage of its benefits. The games have simple game mechanics that can appeal to all players, even those who don’t care about the technological aspects.

Through decentralization, players not only own their game items, but can help define the Gala Games roadmap. Both players and node owners will be able to express themselves through distributed voting mechanisms to help determine which games should be added to the platform or what should be funded by the decentralized Gala Games ecosystem.

Thanks to the blockchain, players become owners of what they win in games. For example, if you win an armor, the platform’s blockchain will store the information about its ownership. These items can then be traded to another person or you can use them in the game.

New games are developed with the support and advice of the community, which then has the opportunity to influence developments, their timing and priorities.

The platform is based on the Gala Games Network consisting of player-owned nodes. Basically, a user can buy a Gala Nodes license and join the network with their home computer becoming a node.

Gala Games currently has 1.3 million monthly active users.

The Gala Games Tokenomics

GALA is an ERC20 token used as a utility token and governance within the Gala Games network. In particular:

• Founder’s Nodes earn GALA by supporting the ecosystem

• GALA also acts as a utility token that can be used as a medium of exchange between participants within the Gala Games ecosystem
• Town Star, the first game created for the Gala Games ecosystem, distributes the token as an incentive for the top 100 players.
• With GALA, a person can purchase items (NFTs) from the Gala Games ecosystem, purchase card packs from other Alliance members such as Splinterlands.

Upon completion of the GalaChain, the GALA tokens will migrate to the new network.

Bora ecosystem

The BORA platform ecosystem is a solution that enables the development of blockchain-based solutions. It is applicable to a variety of use cases, the most popular of which is entertainment, including gaming.

BORA Platform consists of an internal blockchain (BORA Chain) and the public Ethereum blockchain linked together. It provides the high transaction speed and expandability needed for commercial application services. BORA Chain has a modular architecture and provides independent environments and services for each application on the platform.

BORA also supports smart contracts and allows developers to easily develop applications.

The BORA platform provides development tools (BORA Toolkit for P2P) that can be used in making a game. It is also known that the motivation of the player increases if he receives rewards for his achievements. For this purpose, BORA provides BORA Points.

In some games, there are cases where special types of items, or items that have value due to their extreme rarity, are available. The BORA platform also provides development tools to implement these services (BORA Toolkit for Items).

The Bora Tokenomics

According to the white paper, the BORA ecosystem has a dual token system:

• BORA Token: launched as ERC-20 token, it can be traded on the market on multiple exchanges.
• BORA Point: is a Reward token available only within the BORA ecosystem. BORA points can be used by content providers in multiple ways, for example: BORA-Tickets for event management services; BORA-Play for the gaming incentive system.

Together, these tokens drive the platform’s participation, offering an incentive scheme for all users of the platform. The BORA point tokens are interoperable with all applications in the BORA ecosystem. Furthermore, BORA point tokens are “mutually exchangeable” with the BORA token.

Ultra

Ultra is an entertainment platform that integrates a variety of services related to the gaming industry. It allows you to buy and play games, watch live-streaming feeds, interact with influencers, participate in contests, compete in tournaments, etc.

All of the content you purchase on Ultra, such as games and virtual items, are on-chain digital assets that you actually own. On Ultra you have control over your assets as if they were physical objects. Users can sell and trade these assets within Ultra, or outside of Ultra, through third-party marketplaces and mobile apps.

Ultra’s blockchain technology and its development toolkit allow game and app developers to enhance their products. They can integrate new features and mechanics that are impossible to achieve without blockchain technology.

Ultra is one of the fastest blockchains with support for smart contracts in the world. It can handle tens of thousands of transactions per second. The decentralized nature of the network opens up many new possibilities for digital asset markets and the creation of new types of user loyalty programs.

Ultra is banking heavily on its application development environment and lower game distribution fees than its competitors.

The Ultra Tokenomics

UOS is the token that fuels the Ultra ecosystem and can be used to purchase anything on the platform, including games, virtual items, and advertising for game developers.

Ultra will also accept traditional forms of payment such as Paypal and credit cards. These fiat currency transactions are converted to UOS and completed on the blockchain via UOS tokens.

Furthermore, in the platform the token will allow users to place bets, access tournaments and make donations.

Conclusions

The world of video games has undergone a huge development in recent years. This has led to the growth in the number of users as well as the increase in the quality of games.

In particular, blockchain-based game developers have had the opportunity to leverage its features to provide unique features to their products.

In this evolution of the way of video games, several platforms for the development and distribution of games have emerged. They aim to reduce the time of implementation while increasing the profitability of the products.

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