DMarket, the world’s first blockchain-based cross-game marketplace for turning virtual in-game items into real assets, has closed the second and final phase of its ICO token sale that ran from November 3 through December 1.
While the final total amount of funds raised during the Token sale has yet to be determined and will be announced after an audit has been completed, the interim result amounts to over $19 million.
In total, 48,898,495 tokens (including the bonuses at phase #1) were acquired out of 136,037,245 allocated. The exchange rate at phase #2 was: 750 DMarket Tokens for 1 ETH.
“We held a short test token sale back in August to make sure there’s substantial demand for our product on the market. Having raised almost $11 million in just four days, we got solid proof that both gamers and game studios badly wanted our product,” said Volodymyr Panchenko, CEO and founder of DMarket, before adding:
“Although we haven’t reached the hard cap, we’ve raised enough funds to turn DMarket into a powerful game changer and make DMarket Token the core cryptocurrency in gaming. While holding our final token sale, we partnered up with some of the gaming industry’s leading companies and got truly top advisors on board. I’m confident that together we’ll disrupt the gaming industry and create huge value for gamers and game developers across the world.”
Thirty to sixty days after the audit, DMarket Token will be listed on one of the major crypto exchanges. At the moment, DMarket is negotiating with several exchanges, and the chosen one will be announced in the near future.
DMarket plans to roll out an MVP with connected real games and blockchain in Q1 2018, and the final full-fledged marketplace in Q4 2018.
In Q2 2018, DMarket plans to integrate 10 games totaling 1M user base and achieve in-game items trading value exceeding $200 million.
DMarket is the world’s first cross-game platform based on blockchain and smart contracts that enables one-click sale, exchange, or evaluation of any virtual item from any game on any platform. DMarket Token will be the only virtual currency used within the platform, providing different options for trading items, exchanges, and smart contracts. DMarket presented the Alpha/DEMO version of its future marketplace and blockchain testnet in October 2017.
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