What Is DMarket (DMT)?
DMarket is a marketplace to trade technology and virtual items for building the metaverse. A metaverse is a concept of a three-dimensional virtual space on the internet where users connect and access various websites through a single browser. Dmarket platform aims to bridge the gap between the real and virtual world by creating a platform that accumulates various metaverses. These metaverses are used by brands, video games, influencers, eSports organizations, broadcasters, and other different kinds of entities. Thus, the platform intends to connect the entertainment industry to the global metaverse.
According to its whitepaper, a gamer is left with a virtual good every minute. The gamer has no easy way to trade such assets among other gamers on the platform. The game universes are not connected, so there is no easy or safe way to trade items between them. Also, there is no reliable method to approve such trades. Such rare and fancy in-game items are in high demand, but the technology was limited to trade. Thus, DMarket came into the picture.
DMarket developed its decentralized global marketplace for trading such digital items. The platform aims to provide a scalable and cross-platform solution that enables the gamers to trade any virtual asset from any game. The platform provides a scope for the gamers to collect and trade the rare items they are interested in. Further, the platform also allows game developers to create and maintain unique, relevant, and tradable gaming content. The platform also facilitates dropping in of non-fungible tokens (NFT) in users’ wallets.
DMarket Coin is the only virtual cryptocurrency that operates on the DMarket platform. All digital goods transactions are made with the DMarket Coin. The users receive a DMarket token, an ERC20 token based on Ethereum. The platform seeks to exchange more such tokens with the DMT coin as the website launches. The DMT coin is a utility coin used to buy and sell in-game items, provide sales commission to the digital asset owner, and trade premium accounts.
History of DMarket (DMT)
The platform got launched in 2017. The whitepaper was released on October 25, 2017. The founder’s team includes Vlad Panchenko as CEO and Tamara Slanova as CFO. Vlad has worked in the gaming industry and also co-founded DreamTeam. Tamara founded Suntechsoft.
