Topic: [2019-05-22] ‘Fortnite’ Maker Teams Up With Crypto’s Steam Competitor (Read 155 times)

So much for gaming coins like GAME and mobilego. I knew that they wouldn't get anywhere, all of the big gaming companies will either create their own coins or partner up with someone who has lots of connections in the gaming market

Any business would take a risk just for the sake of having the edge against competitors and I strongly agree on the thing you saidabout Abyss.This is my first time hearing out about this platform
and I don't know why they have consider it to make partnerships.

Most likely the case but we cant still be sure since its not being clarified yet.

Epic Games is known for they aggressive marketing strategies, and it's in their style to invest in something risky just for the chance of getting an edge over their competitors. But this The Abyss is still only a small fry - I'm an avid gamer and frequently read gaming news, and today is the first time I'm hearing about this platform, and the list of games that they have is really unimpressive. We'll see how this platform will grow in the coming years, but I'm personally is not interested in it as a gamer.

Is it safe to say that the Abyss will also be acvepting different cryptocurrencies as payment for their games? Or will they just be allowing their own crypto as a mode of payment with their platform? Hoping that it is the former since they won't really be different to other already existing competitors if they just opted out to one kind of payment only. This would be their edge for gamers that have cryptos lying around since funds will already be available for them to purchase in their web store.

https://www.coindesk.com/makers-of-fortnite-team-up-with-cryptos-steam-competitor-to-boost-game-development?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

A gaming platform built on crypto is teaming up with the creator of “Fortnite.”

As revealed exclusively to CoinDesk, game developers using Epic Games’ Unreal Engine will receive better business terms if they deploy their titles on The Abyss. The Abyss, a Steam competitor funded by an initial coin offering (ICO) in 2018, rewards game devs for purchases made on the platform.

Mike Gamble, head of games licensing for Epic Games, said in a statement:

    “We’re delighted that The Abyss has chosen to provide additional resources to Unreal Engine developers and publishers on its platform. Unreal Engine 4 scales to hundreds of millions of players, and access to premier support and connections with the global community can be critical to success of large-scale games with live operations.”

The precise details of the arrangement are unclear, with both firms citing non-disclosure agreements.

Nevertheless, The Abyss founder Konstantin Boyko-Romanovsky told CoinDesk in an email that conditions between Epic Games and developers will be “better than standard ones and will not be confined to the premium support.”

Additionally, developers using Unreal will not need to sign a separate agreement with Epic Games. “All transactions are done through The Abyss,” he wrote.

Epic offers fairly generous licensing terms to developers using the Unreal Engine. It only requires developers to make a quarterly payment of 5 percent of returns over $3,000, according to its end-user licensing agreement. Developers can also negotiate an upfront price if that’s preferable.

The Unreal Engine is a game development platform that first launched in 1998. It has been used to build instances of the “Mass Effect,” “Batman” and “Medal of Honor” franchises, according to Wikipedia.

As part of the new partnership, developers on The Abyss will get access to the Unreal Developers Network. They will also get marketing services from The Abyss.

The Abyss ran an ICO in early 2018 using a model devised by Vitalik Buterin in which token holders could vote on whether the development team should get more funds as the project progressed. The Abyss raised slightly over $15 million, according to Boyko-Romanovsky.

The Abyss launched in March 2019, serving players of massively multiplayer online games. Developers using The Abyss earn income from referrals they make to the platform, even if the people who follow those referrals don’t end up purchasing the developer’s game.

“We’re delighted to welcome new Unreal Engine benefits to our platform,” Boyko-Romanovsky said in a statement.

Six games are currently live on The Abyss, compared to 30,000 on Steam.