Fortnite Creator Works With The Abyss Crypto Platform For Gaming Industry Improvements and Rival Steam
Fortnite Creator Works With Crypto Platform To Improve The Gaming Industry
Game developers that use Epic Games’ Unreal Engine will be working with better business terms if they decide to deploy their titles on The Abyss platform. The Abyss is known as a Steam competitor that was founder through an Initial Coin Offering (ICO) back in 2018. Game developers are going to be rewarded for purchases that are made on the platform. The information was released by the companies in a recent statement.
Epic Games And The Abyss Work Together
In a recently released statement, Mike Gamble, the head of games licensing for Epic Games, explained that they are delighted to know that The Abyss wants to provide additional resources to Unreal Engine developers and publishers on the platform.
Gamble explained that Unreal Engine 4 is able to scale to hundreds of millions of players and it is possible to access to premier support and connections with the global community. Nonetheless, he didn’t provide any specific information about the latest arrangement. It is worth mentioning that developers that will be using Unreal will not have to sign a separate agreement with Epic Games since all the transactions will be processed through The Abyss.
According to the report, Epic is currently offering generous licensing terms to developers that use the Unreal Engine. In addition to it, developers need to make a quarterly payment of five percent of returns over $3,000. Moreover, developers can also negotiate an upfront price if they prefer so.
The Abyss was launched as an Initial Coin Offering back in 2018 with a different scheme called DAICO, that incorporates the best features of a decentralized organization (DAO) into an ICO. This fundraising method was proposed by Vitalik Buterin, the co-founder of Ethereum (ETH), and accomplished by The Abyss. Token holders are able to vote on whether the development team should get more funds as the project grows. The company was able to gather more than $15 million.
Although The Abyss wants to become a competitor to Steam, the platform has only six games available, compared to 30,000 currently supported by Steam.