Computer Software Licensing on Blockchain - What Is It About? HashUp is trying to build the world's first decentralized software marketplace.
Finance Press Release 11.05.2022 09:50
Imagine travelling back in time. Video games are distributed via physical licenced carriers such as cartridges and discs, and are the mainstay of gamers' video game collections. They played a central role in the early personal computer systems that began to develop around this time. So did the awfully colourful shirts of that era and permed hair.
Fortunately, the latter are no longer around. But let us look at what made cartridges so special. Tangible media meant flexibility, but also brought problems with physical design, backward compatibility, and copying. However, they could be exchanged or resold.
You could actually own a purchased game and your access was not blocked by the subscription restrictions of an online platform. Remember the feeling of picking up a freshly purchased game? Not comparable to lines of text or icons on Steam or a console.
Stay tuned, because in this article we will give you a brief overview of a distribution model for games that combines the advantages of the good old cartridge days with modern digital resources. We will show you the possibilities of using blockchain cartridges to revolutionise computer software licencing in the 21st century.
Issues with Current Gaming Distribution Models
Due to the many issues associated with physical distribution, they were eventually supplanted by newer media accessible on consoles and PCs. Nowadays we are confronted with the digital form of distribution offered by large download portals. After capturing a big portion of the market, these platforms enforced their terms, severely limiting the possibilities for both developers and users.
You can own a game with a licence associated with your individual user account. It may be convenient to own a game with a few clicks, but you as a player no longer own the copies you buy. They are stored on a central server, and you can lose access to your account at any time. Centralization is inevitable.
What exactly are HashUp License Carriers?
Or is it? A good example is the latest trend towards licences based on a subscription model. At first glance, it seems like a reasonable system, as you can pay for time-limited access to a library of games of all kinds. However, since there is no way to own and trade your copies of games, subscription platforms monopolise the market and push developers towards high quantity rather than quality.
But there is another way. Ask yourself how both users and developers can take control so that players can truly own and trade your games in a convenient digital way, while developers can benefit and focus on content quality?
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The latest model is licencing the code through Hashup platform. What does that mean exactly? Cartridges are being brought back to life through the digital world of blockchain and cryptocurrency. Essentially, blockchain comes to the rescue by transferring the physical properties of carriers into the digital world, similar to blockchain technology.
Why not NFT?
Another pressing question arises. If we are considering blockchain as a technology for game distribution, why not NFT? The answer is simple. These cartridges carry ERC20 licenses, which are the industry standard for a homogeneous token that can be used in crypto wallets.
NFTs are non-homogeneous tokens that represent different items such as paintings or real estate, while cryptocurrencies are homogenized tokens of the "ERC20" type.
Since game copies are of uniform nature, ERC20 tokens seem to be a preferred standard for game licensing. How would you transact millions of game editions via NFT without going crazy?
HashUp Takes after Cryptocurrency Platforms
HashUp is trying to build the world's first decentralized software marketplace. The core idea is to provide liquidity to games in the same way tokens do. As for the cartridge functionality on the blockchain, thanks to DeFi, any ERC20 token can be exchanged for another at the market price as long as the two tokens have the same liquidity.
Moreover, since ERC20 is the default token interface on the blockchain and the basis of HashUp license holders, our gaming licence may be stored in any cryptocurrency wallet. That sounds convenient, does not it?
The HashUp was developed with cryptocurrency platforms and development in mind. This is what happens when you mix game distribution and cryptocurrencies. You get an alternative system that can be used for computer games and software.
Our goal is to decentralize software distribution. To achieve this, each game has its own ERC20 token that reflects its real value. The value of the token # is related to the amount of software published on the platform. Essentially, all the revenue generated by the distribution network is aggregated into a # token and distributed to the community.
What are GameCap.io and GameXplorer.io?
Another important concept you should be aware of is GameCap.io, a cryptocurrency term that has been implemented into the digital cartridge market. GameCap.io could be considered a bridge between CoinMarketCap and a decentralised exchange (DEX) that assigns a rating to games based on various factors such as volume.
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The platform is integrated with GameXplorer, the world's first blockchain explorer for gamers that specialises in HashUp-compatible cartridges and projects. Interestingly, public addresses are used to create gamer accounts. When you combine game distribution and the power of blockchain and cryptocurrencies, new doors open for gaming platforms.
Blockchain-based distribution not only restores the benefits of reliable physical distribution of games, but also creates entirely new opportunities. For example, a game can be held in TrustWallet as a cryptocurrency by carrying a licence, where one token unit corresponds to one licence unit.
The Future of Game Distribution with HashUp Tech
It is a natural step in the development of software and its distribution to use blockchain technology to accelerate commerce and create new market opportunities for both players and game developers.
The future of game distribution with HashUp technology is fair, efficient and transparent. The old world of cartridges collides with the digital age, eliminating the need for intermediaries, physical carriers and a variety of payment methods. Users and game publishers regain control over game distribution.
Dare to Publish Your Games at Hashup!
HashUp offers plugins that allow you to trade between any games or tokens on a developer's website. It is a mixture of a collection and a subscription model.
Did you know that we are looking to build the world's first decentralized software marketplace capable of providing liquidity to games in the same way tokens do?
Take control of Your game's distribution and do not hesitate to publish it on our platform - even older, already released titles are welcome here. We are here to help you distribute your game in a fair and convenient way!