Blockchain and Gaming: Ultra disrupts the distribution monopoly

10일 전

The gaming sector has been a home to digital assets long before the invention of blockchain technology; the twined presence of digital assets with gaming experiences makes the sector a low-hanging fruit for disruption by blockchain-enabled developments.

While blockchain games make a large portion of dApp usage, DLT technology has yet to even scratch the surface of mainstream utility in games. The transparency, open, and distributed nature of blockchain technology can offer great benefits to gamers and developers alike. The opportunity remains untapped as none of the potential use-cases that blockchain protocols can offer to games have materialized.

To capitalize on this, a team of experienced industry professionals, with work experience in app stores, major tech firms, and famous gaming companies, have launched the Ultra Protocol. The fundamental goal of the project is to make the gaming industry welcoming to rising developers and more enjoyable for gamers.

Advancing Game Distribution


The key challenge of building a platform is that a market must be created; the platform must possess a strategy to simultaneously attract both gamers and developers. A lack of concurrent supply and demand will quash odds of adoption. The resolution to this challenge stems from proper execution of business development and the delivery of technical advantages not available among competitors—shifting to the new platform must be an easy, rational decision for all market participants.

To achieve this, Ultra’s team targeted the key pain-points of the gaming sector: high fees and poor UX, derived from monopolization and congestion. The market is controlled by a few dominant marketplaces and there aren’t effective measures for aspiring good developers to stand out (unless they agree to handover their product to a major publishing brand).

For Developers


Ultra is delivering a novel technology stack with a platform that is similar to Steam, the popular game distribution platform owned by Valve. Steam is a dominant game distributor and its relative market monopoly enables it to charge a 30% revenue share to developers without offering much support beside potential (passive) access to the gamers who use Steam.

Independent development is a difficult task and having to fork over such a large portion of revenues isn’t just painful, but restrictive to project growth. While Steam charges 30%, Ultra take less in fees in addition to the delivery of new revenue sources for developers.

Greater Retained Sales:
With Ultra, developers will get to keep approximately 21% more of their revenue as opposed to using Steam. It’s important to recognize that 21% revenue equates to a far higher growth in profit percentage.

For example: A developer that makes $7 from a game’s sale may have had development costs (including opportunity costs) of $6; this equates to a $1 profit. However, with a 21% increase in revenue, the developers profit becomes $2.41; in this case, 21% more retained revenue led to a 2.41x increase in profit.

More Revenue Channels:
Ultra enables in-game items to be converted into NFTs; developers have the opportunity to enable secondary market sales of said NFTs while claiming a portion of the paid price. Given that in-game item sales are a booming market, commissions from secondary market sales could easily become a major revenue source.

In addition, Ultra also offers other cash flow sources such as the opportunity to enable in-game ads.

Means of Exposure:
Marketing has evolved significantly in the past 20 years. Digital marketing continues to grow and the importance of influencers, particularly in gaming, is greater than ever. Thus, Ultra’s distribution platform comes with native resources to allow developers on-platform advertising as-well-as the ability to set token-based bounties for game reviews.

Moreover, as marketing requires a consistent reinvestment in product exposure, Ultra delivers the capital from game sales immediately. While Valve may take up to 2 months to deliver developer payments, Ultra’s swift delivery will ensure developers do not need to pause campaigns till as there won’t be a break in capital flow.


Influencer and Content marketing have led to a paradigm shift in modern means of product exposure.

For Gamers


A common mistake made by blockchain projects is that they become far too developer-centric and lose sight of the end consumer. Gamers are Ultra’s end consumer and it is imperative that the development is as gamer-centric as possible. Ultra leverages novel, blockchain-enabled features to offer a platform that encompasses features that allow gamers greater access to better games, and a better user experience while discovering and enjoying those games.

Fluidity of In-Game Items:
Many gamers spend hundreds—even thousands—of hours on expanding their in-game profile. This often involves acquisition of in-game items, whether through purchase or game progress. Eventually, though, player move on to a new game; they have become accustomed to accepting to perceiving the time and/or money spent on items in the game as a sunk cost.

Ultra uses the blockchain to ensure this is a problem of the past. By tokenizing in-game items, players’ time, effort, and money can accompany them into new games. Additionally, as digital assets have proven to have a massive market, players would even have the opportunity to sell their acquired in-game items (NFTs) on a secondary market. Such a resource makes gamers the true owners of the assets they acquire in a game.

Join the Community:
Gamers often become attached to specific games and become active supporters of the game by referring their friends or leaving positive feedback about the game on online media platforms. However, with Steam, player never receive anything in return for their effort. With Ultra, the players have means for accessing rewards for their effort:

  • Ultra comes with an in-built multi-level referral campaign.
  • Players can do certain tasks, such as offer reviews or social shares, to access rewards from game developers or even the Ultra platform.

Game Discovery:
Game distribution platforms have become congested with games competing for players’ attention. This overload of options hinders players’ ability to try the games that most effectively match their interests. Ultra enables a reputation-based curation system; players can follow the curations of the reputed community members if they like their genre preferences.

This delivers a considerable improvement on user experience as less time is spent on game discovery and trial, and more time is spent on enjoying games that the players actually like.

Creating a Market

While a number of projects have tried to leverage blockchain technology to disrupt game distribution in one way or another, Ultra is the first one to have a team qualified to deliver this due to their collective background, network, and industry exposure. Moreover, the company has an existing base of users and partners that it aims to extend into the blockchain-enabled platform.

Ultra is already involved in game distribution and this gives it access to an existing user base of gamers which can be seamlessly connected to the project’s new platform. In order to add longevity to these gamers’ interest in the platform, Ultra has partnered up with many independent developers and game publishers; the intent is to efficiently onboard desirable games so that gamers have a reason to recognize the platform as not only more rewarding, but also a means of accessing better quality games than Steam.

The project’s initial exchange offering (IEO) will take place on Tokinex on July 16.

Tokinex is the token sale launchpad of Bitfinex (and Ethfinex). Unlike most IEOs that rely exclusively on either lotteries or first-come first-serve sales, Ultra is hosting a blockround IEO phase before its open token sale. During the blockround sale, anyone who is interested in the project and feels he/she can add some degree of value to the development can request an allocation.

Project Resources:

Website: https://ultra.io/
Whitepaper: https://ultra.io/whitepaper
Telegram: https://t.me/ultra_io






Connect with me:

My Twitter
PM me on Telegram

Crypto News Blockchain Airdrops Best ICO List Ripple XRP News Ethereum News Cryptocurrency ICO Bounties Monero News Blockchain Lawyers Recover Lost or Stolen Crypto How to Store ERC-20 Tokens Comparing Best Hardware Wallets

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending

Great article @hatu,

You have been rewarded with 1000 Hobo tokens by @hobo.fund

If you want to learn more about your tokens and how to use them check out this post:

HoboDAO Information

Interesting article. You highlight very well the many advantages of blockchain enabled gaming. However you didn't mention why Ultra is better than what Steem already provides or indeed whether Ultra is a new blockchain or a token on an existing one.

·

It's an EOS Fork, and the protocol is cored on improvements in game distribution. Consider it a tokenized Steam (not STEEM) with all the added features described in the article.

STEEM enables content UIs which may be used for game distribution, but it lacks the developer/publisher partnerships that Ultra has and it also lacks the gamer and game dev-specific benefits Ultra is pushing. This is a key example of how specialization leads to competitive advantages. Ultra aims at one market whereas STEEM is designed to target any content; the specialized platform will naturally have more market-specific advantages.

·
·

Thanks for the explanation. Aren’t you concerned about EOS’s high cost per user (RAM) etc that are borne by developers?
Partnerships are a commercial rather than technical thing so can be developed on any blockchain.
I’m interested in why Ultra chose EOS rather than Steem (with SCOT tokens etc)?

Posted using Partiko iOS

·
·
·

It's an EOS fork tapered to serve Ultra's goals; it's a new blockchain. Secondly, SCOT tokens are new; this project has been under development for quite some time.

  ·  10일 전

big fan of ultra, not so much of how they do it now. using Ethereum KYC exchange to run an IEO is kinda meh. itam does the same, I wonder why. Is EOS not good enough to run token offers?

·

The IEO isn't on Ethfinex. It's on Tokinex, which is the launchpad associated with Bitfinex and Ethfinex.

Awesome post @hatu ! Its the purple Party Hat / crown. 🙋😈💜

·
  ·  9일 전

Purple partyhat!
Sent you a split of the trivia prize. :)

·
·

That's awesome, thank you so much! Loved your post!👍👍👍♥️

Posted using Partiko Android

That's Amazing!

This is the purple partyhat

·
  ·  9일 전

Yes!
Sent STEEM. :)

·
·

This looks very interesting, indeed. I have definitely been looking into Blockchain Gaming and want to maybe explore it in an upcoming article. I really like the idea of tokenizing in-game assets. This really puts the power into the hands of the gamer and doesn't keep them locked down to any one game or network.

·
  ·  9일 전

Right. Tokenizing in-game assets and enabling fluid movement between games gives gamers true ownership.

Interesting article on Ultra. Seems sensible there would be a blockchain based platform for games development, one that could rival Steam (which I use rarely, but as you say didn't really retain my interest for long)

Posted using Partiko Android

·

Steam, though, has retained the interest of a good amount of gamers for a lack of an alternative.

Now, there'll be a solid alternative.

After seeing this post on trending from last two days in many steemit tags i decided to study this long informative post. Best of luck for Ulta hope it will get good market.
Of the point, Very similar gaming project called refereum (RFR) got crashed. I invested.

·
  ·  9일 전

I just glanced over Refereum and it has plenty of problems.

Token Metrics:

  • Massive initial supply.
  • Poor unlock mechanism (most tokens are unlocked right now).
  • $80M initial valuation (LOL).
  • Most of its volume is in KRW; this cuts out liquidity for most of the world.

Token Economy:

  • RFR serves the purpose of being an airdrop reward for tasks.

In comparison, Ultra coins are part of every transaction. Even if a fiat transaction is made, the volume is converted to the platform's native currency.

Product

Refereum is just a glorified airdrop distribution platform. It just happens to issue airdrops for trying out games. In fact, based on their TG announcements, they offer growth access (through meaningless airdrops) to just about anyone who is willing to use their product.

This has nothing to do with Ultra, which is, at its core, a game distribution platform.

·
·

Thank you. Even i know more about Referum than before investing. Another thing to share, They were sending airdrop tokens to MEW wallet & to withdraw them users need a small portation of ETH. So, We can say many small amounts (which can be big sum) cannot become a part of market trade.

·
·
·
  ·  9일 전

I am not referring to airdrops they gave for their ICO. I am stating that their current product is just a glorified airdrop distribution network.

·
·
·
·

Yes you are alright. Their main point was to just cut off middle man advertising fee for developers but ULTRA on the other end provides many other plus points like gaming awareness and reward sharing system.
16th July will be a great day for you.

You never cease to amaze me with the details you provide.

I used to game, but I had to stop because of the time constraints.

I am going to dive deeper into the prospect of DLT and blockchain for games. Sounds like ultra has gone the extra mile to facilitate the industry.

Thanks again.

Posted using Partiko Android

·
  ·  9일 전

Here's an interesting point.
I think if people could have access to rewards by simply gaming (via tasks associated with a game), the utility of gaming, aggregate of joy and earned liquid tokens, could push more people into the task as the new utility curve may be greater than some people's opportunity cost.

Great article and I couldn’t agree more on the positive impact for game developers and gamers !
On my profile I often write about Gaming and its many evolutions, Steam is not in a monopolistic position anymore !
Best,
@vlemon

Posted using Partiko iOS

Seems very similar of what is happening in the steem network.

Hello @hatu excellent information especially for those who want to start in this world of games, thank you...

I invite you to stop by my last post...

post-cumple.jpg

good Job mister,. best article

An interesting reading!

Interesante post, hacia el interés del jugador y su interacción en la comunidad

Name the purple in-game item!
Grab your 20 STEEM. :)

·

RuneScape party hat am I right @hatu

·
·
·
·
  ·  9일 전

You even got the game right!
Sent you the trivia split.

·

The name of that item is purple partyhat?

·
·
  ·  9일 전

Correct!
Sent you the trivia split.

·

Are you referring to the crown?

Posted using Partiko Android

·
·

Yes

·
·

Using blockchain in a game is a pretty good idea but we need to be ready for the scam

That was one great article. One thing we should be clear is that any attempt that is taken with blockchain at this point of time is a trial for the future of that industry to be integrated with blockchain. So any project that is sustainable is always a good thing to the community and the technology as a whole. Would love to see this project and Enjin disrupting the gaming industry through Blockchain.

It's definitely going to be a big contender for steam and epic games store when you look at the actual roster of gaming companies involved. There will be lot of legal hurdles here though, but some people won't give a shit though.

Congratulations @hatu! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

Your post got the highest payout on one day

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Thanks for the post.

Congratulations @hatu!
Your post was mentioned in the Steem Hit Parade in the following category:

  • Pending payout - Ranked 1 with $ 201,17