Destream And Axeso5 To Forever Change Streaming Industry Via Blockchain Lowering Fee Costs
A successful Partnership agreement announced by DeStream and Axeso5 should help in implementation of a decentralized financial ecosystem that will cut down the cost of streaming. This project is supposed to be marketed to large number of active gamers comprising of more than 14 million on Axeso5 platform which is also used by at least 7,000 cybercafés across 4 countries, Colombia, Brazil, Mexico, and Argentina.
#DeStream and @axeso5com are excited to announce that they have successfully entered into an agreement, which should help to implement a new decentralized financial ecosystem for the streaming industry, dramatically reducing streaming fees.
— DeStream (@DeStreamProject) November 1, 2018
Axeso5 game publisher’s large number of active gamers makes it most significant within the Latin America. Axesocash is an in game currency developed by Axeso5 and also a payment system which will be absorbed in DeStream’s decentralized financial ecosystem. Axesocash has been popular within the country and has the ability to be exchanged for real local currency. One the two payment ecosystems are joined; it will ring about a rapid growth within the two platforms.
Financial perspective shows that there is a huge potential in the gaming market of Latin Americans evident in their 4.1% contribution to the global revenues in the gaming industry which in 2017 valued at $4.4 billion. Capitalization growth was also steadfast which reached 13.9% year 2016 to 2017. This shows that there is a positive and remarkable potential if the partnership brings its products to the market.
DeStreams plan is to revolutionize its decentralized financial ecosystem with an aim of lowering fees for streaming to 0.77%. this would eliminate high fees of up to 20% on each transaction different payment systems imposes. Integration of Twitch, YouTube, afreeca.tv and other streaming services would also create an effective environment. This ecosystem will create an effective advertising tool which will be effective because of big data involved and thus improving targeting and marketing.
DeStream’s Founder and CFO Tachat Igityan believes that the partnership is of mutual benefit and years to come they’ll be able to integrate different technological solutions. This will unlock industries potential and also improve regions gaming sector.
DeStream will receive support from Axeso5 to establish a new partnership with other gaming companies within Latin America. This will help in marketing of decentralized financial ecosystem and also DeStreams Platform to Esport events. The fact that Axeso5 works with over 30 most top game streamers within South American region grants it an immense opportunity to expand its products influence and thus increasing streamers numbers.
An effective cooperation of the two platforms grants a strong brand awareness foundation in the sector and thus bring technological solutions which are next generation in the gaming market.