What is DMarket?
DMarket (DMT) is a platform that offers a marketplace for trading virtual items and technology, with a focus on building the metaverse. This metaverse is a virtual space on the internet where users can connect and access various websites through a single browser. DMarket aims to connect the real and virtual worlds by creating a platform that accumulates various metaverses used by different entities, including video games, brands, influencers, eSports organizations, and broadcasters, among others.
The lack of a reliable and safe way to trade virtual assets among gamers and game universes was the problem that inspired the creation of DMarket. According to the platform's whitepaper, a gamer is left with a virtual good every minute, but there is no easy way to trade such assets with other gamers on the platform. DMarket aims to provide a solution to this problem by developing a decentralized global marketplace that enables gamers to trade any virtual asset from any game safely and scalably.
DMarket's platform provides a scope for gamers to collect and trade rare virtual items of their interest, and game developers can create and maintain unique and tradable gaming content. The platform also facilitates the dropping in of non-fungible tokens (NFT) in users' wallets, making it possible to trade them. All digital goods transactions are made with DMarket Coin, a virtual cryptocurrency that operates on the DMarket platform. Users receive a DMarket token, which is an ERC20 token based on Ethereum.
The DMT coin is a utility coin that is used to buy and sell in-game items, provide sales commission to the digital asset owner, and trade premium accounts. The platform intends to exchange more tokens with DMT coin as it launches more metaverses.
DMarket's history dates back to 2017 when it was launched. The platform's whitepaper was released on October 25, 2017, and its founder's team includes Vlad Panchenko, who serves as the CEO, and Tamara Slanova, who serves as the CFO. Vlad has worked in the gaming industry and co-founded DreamTeam, while Tamara founded Suntechsoft.
In conclusion, DMarket is a marketplace that offers a solution to the lack of a safe and reliable way to trade virtual assets among gamers and game universes. The platform's focus on building the metaverse connects the real and virtual worlds, creating a new ecosystem for virtual asset trading. DMarket Coin, the platform's virtual cryptocurrency, operates all digital goods transactions, and the DMT coin is a utility coin that is used for buying and selling in-game items, providing sales commissions, and trading premium accounts.
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