Blockchain-Based Online Gaming Platform Business Plan

II. Company Overview

2.1 Vision and Mission

Vision
To become the world's premier web3-gaming platform that transforms traditional games and provides a fun and profitable experience for players.

Mission
To develop a social creative metaverse with a high level of player engagement, providing a fun and profitable experience for players.

2.2 Founder Information

[Company Name] will be led by [Founder’s Name], who has been in the blockchain gaming platform development for [xx] years. He was the director of strategic development for the blockchain gaming development platform, devoted to play to earn. He is passionate about video games, the future of blockchain technologies, and bringing emerging technologies to the mass market. Given his experience with blockchain gaming, [Founder] possesses a comprehensive understanding of both customer requirements, including day-to-day operational aspects, and business management components such as staffing and marketing. 

2.3 Problem and Solutions

1.Key Management –Blockchain technology puts responsibility in the hand of the users via its private keys. Users are the only ones that can use these keys, meaning game developers can’t natively perform actions on-chain for the user.
For weakly on-chain games, the player has to buy some cards and might not even know they’re using the blockchain. For strongly on-chain games, it’s more of an issue. The more activities players can do, the more transactions they'll have to sign up for, and the more the Metamask Fox will appear and annoy them.

Solution–The Company will implement a clever system to save users from signing up too often that will help generate and store a key pair on the client side that will be only authorized to perform non-sensitive actions. In the same fashion, a player could start a game session by generating a keypair stored locally and broadcast one transaction to the smart contract with their main key to authorize the temporary key to validate game actions for a set time period. At the end of the session, the temporary key would be invalidated. The user’s computer will automatically sign up transactions with the temporary key, and the user’s main key is kept safe, thus acting like a local temporary hot wallet.

2.Making payment processing cost-effective –While the gaming industry is accessible globally and supports fiat currencies, they can be cost-ineffective due to the high fees incurred by players when engaging in online gaming.

Solution –The Company will effectively build a network that will support the millions of users who are coming into the blockchain gaming sector. With blockchain, gamers will be able to keep their debit or credit cards away. This will help gamers provide a decentralized mechanism for making any payment, thus preventing them from a scammer stealing information or manipulating the market.

3.Storage and Security –Game items constantly face a security threat from hackers. Hence, storing data online seems a risk for game companies, making it challenging to protect sensitive data such as game data, user transactions, and player information from being tampered with or hacked.

Solution –The Company’s gaming platform will provide enhanced security as data stored with blockchain encryption will make it impossible for hackers to breach. Also, blockchain will help offer an additional layer of security by using encryption systems such as secure messaging and two-factor authentication, thus providing a more efficient and transparent way to engage in digital transactions and access virtual assets.

2.4 Product and Services

Despite the growth of the gaming industry worldwide, its structure still primarily favors game developers and upholds a unidirectional flow of value, wherein players must spend money to acquire access to in-game assets and gameplay configurations.

The Company will develop a blockchain-enabled gaming platform where gamers can play and earn real-time money and value. The Company aims to provide a hack-resistant platform to its users where they can store their assets and earn valuable resources, which are backed by a transparent economic system and demand from other users. With transparent gaming rules and instant payouts, publishers are rewarded with increased player engagement along with a boost in the average revenue per paying user. Also, the company’s blockchain-built games and decentralized application (dApp) will enable players to capture the utility and value of in-game purchases and asset acquisitions more effectively.

Strategic Business Plans