TOKYO--(BUSINESS WIRE)--DMarket, the world's first blockchain-based cross-game marketplace for turning virtual in-game items into real assets, has closed the second and final phase of its ICO token sale, after raising over US$19 million.
"We held a short test token sale back in August 2017 to make sure there's substantial demand for our product on the market. Having raised almost $11 million in just four days, we got solid proof that both gamers and game studios badly wanted our product," said Volodymyr Panchenko, CEO and founder of DMarket. "We've raised enough funds to turn DMarket into a powerful game changer and make DMarket Token the core cryptocurrency in gaming. While holding our final token sale, we partnered up with some of the gaming industry's leading companies and got truly top advisors on board. I'm confident that together we'll disrupt the gaming industry and create huge value for gamers and game developers across the world."
DMarket Token will be listed on one of the major crypto exchanges. At the moment, DMarket is negotiating with several exchanges, and the chosen one will be announced in the near future.
DMarket plans to roll out an MVP with connected real games and blockchain in Q1 2018, and the final full-fledged marketplace in Q4 2018.
In Q2 2018, DMarket plans to integrate 10 games totaling 1M user base and achieve in-game items trading value exceeding $200 million.
DMarket is the world's first cross-game platform based on blockchain and smart contracts that enables one-click sale, exchange, or evaluation of any virtual item from any game on any platform. DMarket Token will be the only virtual currency used within the platform, providing different options for trading items, exchanges, and smart contracts. DMarket presented the Alpha/DEMO version of its future marketplace and blockchain testnet in October 2017.