Robot Cache and WAX Form Strategic Alliance to Enable Gamers and Publishers to Embrace Cryptocurrencies
"WAX sees the future of online video game purchases enhanced by smart contracts and blockchain based technology," said Malcolm CasSelle, President of WAX and CIO of OPSKins. "Once publishers and gamers realize the benefit of reduced costs and ease of use to acquire games using WAX on Robot Cache, the industry will never be the same."
"We've been very impressed with the WAX business model and we have great opportunity to work together to promote our complimentary businesses. WAX has access to millions of gamers throughout the world and we believe we can accelerate our respective growth by working together," says Lee Jacobson, CEO of Robot Cache.
As part of the agreement, Robot Cache will accept WAX tokens as payment. Tapping into the massive and ever-growing WAX community will help grow the Robot Cache ecosystem faster, while providing WAX with another site for WAX holders to use their tokens. The strategic alliance calls for mutual cross promotion with Robot Cache air dropping IRON tokens into the WAX community, so users can use them to purchase digital PC video games.
ROBOT CACHE
Utilizing blockchain technology, Robot Cache will reduce the fees publishers and developers pay by 80% and allow gamers to resell their digital PC video games. Developers and publishers benefit from the lowest transaction fees of any digital PC video game distribution platform. Everyone from the smallest indie team to the biggest publishers, will retain up to 95% of the sales proceeds, which is 25% higher than the current industry standard. In addition, Robot Cache’s revolutionary digital resale market allows developers and publishers to set resale pricing and earn 70% of the resale proceeds.
Gamers greatly benefit from Robot Cache’s unique distribution approach. Previously, gamers could only resell physical retail copies of a video game, but now they can resell digital games purchased on the Robot Cache platform using the blockchain and retain 25% of the proceeds from the resale. Selling their digital games earn them digital tokens, named IRON, Robot Cache’s cryptocurrency, which they can use toward the purchase of another game on the Robot Cache platform. In addition, gamers can opt-in within the Robot Cache client to mine IRON which they can then use to buy games on the platform.
WAX
The virtual item trading industry is currently fragmented across hundreds of competing marketplaces, each utilizing different business practices tailored to their country and region. The WAX solution is a global virtual item repository that provides a complete, real-time catalog of all items available. By leveraging blockchain technology, WAX unites gamers and marketplaces enabling security, fraud mitigation and expedited settlement. WAX Tokens allow gamers to quickly and easily harness the power of fully developed, highly complex virtual goods exchanges.
Advisors to WAX include “Call of Duty” creator and developer Dave Anthony, Interplay Entertainment and inXile Entertainment Founder Brian Fargo, Kenneth D. Cron, former CEO of Vivendi Universal Games, which included Blizzard Entertainment (“World of Warcraft”) and Ethereum Co-Founder Anthony Di Iorio.
For more information about Robot Cache, please visit www.robotcache.com .
For more information about WAX, please visit www.wax.io
Robot Cache and WAX Form Strategic Alliance to Enable Gamers and Publishers to Embrace Cryptocurrencies
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