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Decentralized gaming platform, BitGuild, announces successful ICO pre-sale

Raises $20 million from crypto experts and supporters

Technology trends and news by Josiah Motley
March 19, 2018
Short URL: http://vator.tv/n/4b36

Blockchain technology continues to find new areas in where it can be implemented. Video games are no exception. This is made evident from companies like BitGuild, who are using blockchain and cryptocurrency to bring gamers new experiences that can be made possible through these rising technologies.

Helping solidify BitGuild's place, the company has announced a successful ICO pre-sale, where the company raised over $20 million from a variety of crypto experts and supporters. Notable names include Justin Sun. Sun is the founder and CEO of TRON, a blockchain-based network for content creators to share their work while being compensated for it. Sun has also been featured in one of the Forbes "30 Under 30" list.

“BitGuild is at the forefront of blockchain gaming technology, and they stand for everything I believe in. Happy to be part of something that has the potential to change the gaming industry as we know it,” states Justin Sun.

Essentially, BitGuild is looking to give gamers an innovative way to truly own their gaming assets. By having in-game assets on the blockchain, users will be able to buy, sell, and trade these items with other players and game developers. The platform will use BitGuild's PLAT token to conduct transactions for both players and developers. These tokens will allow for direct transactions (verified by smart contracts) between parties in trades and purchases of on-chain gaming assets and services.

Funding will be used to continue to build the platform and flesh out the surrounding ecosystem.