Have some digital copies of games you don’t even play sitting in your Steam library? That’s all about to change with the up and coming decentralized video game market, Robot Cache. They are aiming to compete with Steam by offering to pay users with cryptocurrencies.
What is Robot Cache?
Developed by video game industry veteran, Brian Fargo, CEO of InXile Entertainment, Robot Cache is a company like Steam or Origin in the sense that they sell games. What makes it different, however, is the fact that they are block-chain based. Basically, cryptocurrencies are built on block-chains. Block rewards such as Bitcoins or Ethereum, can be mined when you find solutions to the previous cryptographic hashing algorithm of the chain.
But enough of the math stuff. You want to know how you can sell your games. Robot Cache allows you to sell used games you purchased digitally on their store to other users. 70% of the revenue you generate from the sale will go to Robot Cache, however, you will receive 25% of the cut in the form of their own cryptocurrency, IRON.
It’s also great news for game publishers as well because they get to keep 95% of the revenue they generate on the site rather than the 70% that Steam offers. To add on, users can put their personal PCs to use by mining for IRON.
Robot Cache has also made a bold statement on their website, stating:
“It’s not often that opportunities arise to disrupt the $27 billion a year PC video games market. Currently, just a handful of companies dominate the digital download business for PC video games.
Now, as the industry’s first-ever decentralized video game distribution platform, we’re dramatically reducing the fees publishers pay by 80% and for the first time ever, allowing gamers to resell their digital PC video games.
How’s that for disruption?”
When is it happening?
According to the website, the token presale for institutions will be happening on Jan 17 to Feb 14. The public presale will happen right after on Feb 15 to Mar 1 so be sure to mark your calendars! They are planning to have the service up and running by the second quarter of 2018.
For more information about cryptocurrencies and block-chains, check this out.