BitGuild aims to rewrite the foundations for how online video games operate. Games on BitGuild will be built from the ground up to make every character, item, and in-game asset completely unique and tradeable - thus putting power back into the hands of gamers. Where previously, an epic sword was just intangible data on a private server, that weapon will now truly belongs to a player in the form of a token on the blockchain. They own it, they can keep it, they can trade it, it’s up to them. No longer will gamers be shackled by overbearing restrictions on what they can and can’t do with their virtual items within a game - or even between games. The possibilities and implications of having a true network of games built on the blockchain are nearly limitless, and BitGuild wants to make it happen.
Blockchain-based games allow for virtual assets to be stored in players' digital wallets through tokenization. Players will remain in complete control of their digital inventories and no one can take that away. Tokens may be either fungible [useful for in-game currency and certain items) or non-fungible (useful for characters, unique items, and equipment).
BitGuild's mission is to revolutionize the $100+ billion a year gaming industry by creating a platform for a new class of games that live on the blockchain. Blockchain games completely redefine the relationship between players and developers by allowing for:
True ownership of in-game characters and assets
Cooperative/competitive global play
Cheap and safe game item trading k] True microtransactions
Cross-game compatibility of items and currency
Development of robust in-game economic systems
BitGuild's team is made up of cryptocurrency and gaming veterans with decades of experience building international large-scale gaming platforms and communities. BitGuild will be launching an ERC20 token on the Ethereum network called Platinum (PLAT). This token will be used to play BitGuild games, trade on the BitGuild Marketplace, support projects in the BitGuild Design House and more.