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Triforce Token, the blockchain gaming solutions company, continues to strengthen its key industry partnerships by announcing the support of Coventry University Enterprises Ltd., as well as an ongoing IP audit with the UK government in its bid to shake up the multi-billion dollar online games industry.
TriForce Tokens‘ partnership with Coventry University Enterprises Ltd. will foster business cooperation and support between the two companies. Coventry University Enterprises Ltd. hosts the award-winning Technology Park, home to some of the region’s most innovative businesses and the prestigious Serious Games Institute.
The partnership is another key strategy in TriForce Tokens’ disruption of the billion-dollar gaming industry through a decentralized game development and distribution platform for new revenue generating models. The company is already benefitting from its previous partnership with two of the industry’s foremost advocates: TIGA, a games and publisher network; and Swiss-based Crypto Valley Association, a collective of the world’s leading blockchain and cryptographic tech initiatives association with proven political clout in the UK.
Close to 2 billion of the world’s population are gamers, generating revenues in excess of $100 billion per year. This number is set to increase by more than 6 percent annually, as mobile users join the growing number of console and PC gamers. However, the lack of a harmonized ecosystem between the gaming platforms has led to the fragmentation of players’ experience and market base. Using a tokenized system, TriForce Tokens will harmonize all existing digital assets into a single ecosystem.
TriForce CEO Pete Mardell explains the potential of the project:
“Imagine a gaming community that is so collaborative, interactive; alive, you as a player can create and shape your own destiny and wealth. What if, as a developer, you could integrate with ease into a live, analytical platform with deep player insights and new exciting revenue generation models. What if as a player you could create a revenue stream by simply playing the games you love. Well, this is TriForce Tokens, the future of gaming.”
A decentralized platform provides new ways for the swift deployment of common features like tournaments, P2P trading and peer ranking, across games and platforms. Players will be able to trade with each other, and earn rewards from competitive events without abandoning their favorite platforms, encouraging communities that foster happiness, safety and ethical conduct.
Helpful players are rewarded through a unique and transparent honor system, rooting out fraud and negative elements such as “toxic communities” and eliminating threats to player retention. The tokens can also be used by developers for custom P2P transactions and user compensation. Developers will benefit from TriForce Tokens’ big data algorithms and behavioural analysis, providing in-depth community insights that will greatly assist in creating novel gaming experiences.
TriForce Tokens will also be addressing the main issues preventing independent developers from producing successful titles, acknowledging the smaller budgets, limited resources and tight deadlines associated with their production. Leveraging blockchain technology, TriForce Tokens’ integrated authentication network will protect developers’ intellectual property and assist them in copyright and piracy protection. It will also offer an alternative revenue stream for them already pirated content.
The problems of the gaming and game development industry can only be solved through a multi-faceted approach. TriForce Tokens has recognized that sound business policies and partnerships, technological development, corporate structure and compliance are not only vital to changing the status quo, but also positioning them as industrial leaders. This is why the company is now pleased to announce the initiation of an IP audit process with the UK government’s innovation agency, Innovate UK.
The audit will assess TriForce Tokens’ technology and brand, helping to provide a stronger business focus to ensure they deliver maximum value. Innovate UK will work with TriForce Tokens to connect them with relevant partners through its innovation networks.
TriForce Tokens’ Steam‐like, blockchain-based gaming platform is in Early Alpha and is accessible to both players and developers. Services and rewards on the platform are powered by a unique token, the TriForce Tokens (TFT), which will also be available for trading on external platforms, driving significant appreciation of value as the project grows in strength.
As part of a fundraising exercise to further support the development of its platform and services, TriForce Tokens has initiated a public crowdsale of tokens through an Initial Coin Offering (ICO).
Company’s pre-ICO was opened on October 14, 2017 (1.30pm GMT), and lasted for 48 hours. Tokens were offered to participants at a 60 percent discount on top of the standard rate of 1 TFT at $0.20. In addition, 50 random pre-ICO participants were chosen to receive a free Ledger Nano S hardware wallet.
TriForce Tokens will launch its main ICO event on November 12, 2017, and will keep it open through November 25, 2017. The company also plans to become the first fully-compliant UK ICO, and is working on ISO27001 certification and General Data Protection Regulations (GDPR) compliance to achieve this.
TriForce Tokens is backed by an ensemble of experts from a range of sectors including; corporate management, online gaming, computer security and blockchain development.