A blockchain-based entertainment platform promises to transform the game by tackling flaws in the payment model to play.
Digital Entertainment Asset, or DEA, claims that the current market is based on players who continually buy integrated items that quickly become worthless. Many players regret how much money they have spent.
The company’s new concept changes the status quo by rewarding players instead of charging them, which means loyal users get something tangible in return for the time they spend playing social games online.
Known as PlayMining, the platform has three components. According to the team, the points earned through games and reading manga can be exchanged for digital currency, and this is managed by DEA bank. Through the digital art auction, these assets can also be traded and distributed – and the company plans to make the site “a very entertaining and intuitively usable platform.”
All games and manga offered will be free and at no time will players be charged. As a result, the most dedicated players and readers have the chance to reap the most rewards.
We hope that these three aspects “will influence each other and encourage the distribution of digital assets”.
DEA indicates that the digital assets that will circulate on its platform are non-fungible tokens. Otherwise known as ERC-721 tokens, each of the assets offers unique characteristics that make them different and numerically rare. In the case of DEA, each asset will initially offer an illustration of famous Japanese manga artists. Over time, we hope that audio, image and video data will be added, increasing the variety of assets on offer.
According to DEA’s white paper, a plethora of renowned manga artists and creators have already announced that they plan to support the project’s mission – by providing new original illustrations that will be published as digital assets. They include Hiro Mashima, Etsushi Ogawa, Ryoji Minagawa, Haruhiko Mikimoto and Tony Valente.
The company does not plan to stop there. When the digital art auction is launched for public consumption, DEA aims to recruit 100 well-known comic and manga artists from around the world. Given the fact that 39 Chinese, Taiwanese, French and Italian artists have already signed up as of February 2020, it seems that the platform is on track to achieve this goal.
This digital art can be purchased using DEAPcoins, a cryptocurrency specially created for the DEA platform. “PlayMiners” – the term for players and readers who use the service – have the option of selling their illustrations through an auction or buying works of art that are not in their collection. Ownership data is stored using the blockchain.
The digital art auction service is slated to launch on April 15 and aims to create a new market worth more than $ 10 million a year. Before that, DEAPcoins are listed on OKEx, one of the largest exchanges in the world.
DEA has already unveiled two captivating games. A closed beta version of JobTribes launched on April 9, in which players fight in a fantasy world on the theme of occupation.
As a nod to the Tokyo Olympics, which are now set to take place in 2021 due to the coronavirus pandemic, the Japanese team behind DEA also created world flags. This project aims to mix education and entertainment by introducing national flags, their meanings and their origins.
DEA was created in August 2018 and its headquarters are in Singapore.
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