Every day, millions of gamers log on to their favorite games and clock many hours of game time – earning skills, levels, and of course – loot. But for every hard-core gamer willing to team up and spend hours acquiring the rarest and most powerful items in the game, there must be a dozen lazy clowns who would sooner eat sand than grind like that.

Game Skins Market Currently Worth $50 Billion Annually

Working that loose math, it becomes obvious that the market is HUGE for buying and selling in-game weapons and similar items, aka game skins. In fact, the current worldwide market for game skins is on track to top $50 billion transacted this year.

That huge market is split up among literally hundreds of isolated, centralized marketplaces for game skins exchange. The exchanges facilitate game skin transactions. Like all legacy institutions, they require users to trust the exchange itself.

None of the exchanges talk to each other to share facilitate trades across exchanges. That limits access to items. Price discovery is difficult to achieve because of multiple closed markets, most with a take-it-or-leave-it offer model.

The exchanges fill a need because they offer a trusted environment in which buyers and sellers can transact with confidence that one person is not cheating the other. Trying to trade items via forum posts often ends badly. There are simply too many ways for the trade to end in fraud when there is no recourse.

Trusted third party exchanges solved this problem. The exchanges handle payment, escrow, and verification for buyers and sellers. But now there’s a better way.