A brand new startup, The Tap Project, will change the world of games line by introducing an innovative cryptocurrency, the coin. This is a utility token that can cross multiple platforms and be converted into cryptos or fiat money. With the Tap Coin, players will be literally paid to play, having the ability to build their portfolios and monetize the game.

Bring the partner in

On January 11, 2018 the startup announces a partnership with Juego Studios, international game developers based in Bangalore, India. This partnership will result in the release of the first mobile game that will pave the way for the conversion of game currency into cryptocurrency through the Tap platform, reports the Tap Project blog at Medium

Juego Studios is an advanced technology and design. studio focused on game development, art and design, AR / VR, IOT and more. Their partnerships include Disney, 20th Century Fox, Warner Brothers, Artix Entertainment, with games such as VOW, Adventure Quest, Five Armed Battle Hobbit, Hello Kitty Orchard, to name a few, and now the Tap Tap.

"This is an excellent partnership for the Tap project, which opens the door to wonderful opportunities to incorporate the coin tap into the games and is a big step forward to disrupt the Game industry using Blockchain technology, "says Haniff Knight, co-founder of the Tap project.

What are the limits of the game industry?

There are 2.2 bln players around the world, and they are expected to generate $ 108.9 billion in revenue in the game in 2017, says the latest Global Market Market Report by Newzoo, provider of 39, information on the international market. The figures represent an increase of $ 7.8 billion, or 7.8%, over the previous year. Newzoo expects the global market to grow by 6.2 percent in 2020 to reach $ 128.5 billion.

The most interesting fact is that the mobile becomes the most lucrative segment, with a growth of 19% of smartphones and tablets to 46.1 billion dollars. The mobile segment does not gain less than 42% of the global gaming market.

Although, alongside the promising statistics, the gambling industry is experiencing new problems, the most important being related to payment limits and virtual currency transfers. Until now, there is no clear exchange mechanism in the game to solve the problem. Players spend hours playing games and making money at stake, just to "trap" them in the virtual world.

The Tap Project breaks down these challenges and decentralizes all game currencies into a single currency that can be traded, transferred, and traded in all globally accepted currencies and crypto-currencies around the world.

Let's monetize it!

The Tap project plans to start a new era of exchange. With the Tap Coin, players will be literally paid to play, having the ability to transfer virtual currency to another game and build their "wallet".

On the one hand, the digital chips in the game have emerged before the Press the idea of ​​the project. On the other hand, The Tap Project differs from the crowd because it offers players the opportunity to monetize their games. In-game winnings will no longer be used solely in the game itself as they can now be traded, imported and exported to the Blockchain and converted to Tap coins (an ERC20 token) on the Tap platform, currently available. in its Alpha Development Phase.

The Tap project started its crowdfunding campaign on December 20, 2017. The last day of the sale is January 20, 2018. The Tap project rewards users with a drip bonus allows a daily bonus ( 0.25%) if they hold more than 250 000 TTT. The conceptual alpha platform can be visited at platform.tapproject.net

Kira Egorova