Ultra to launch Web3 marketplace for reselling games
Ultra Games, a well-established Web3 gaming startup, is making waves with its upcoming marketplace launch. Scheduled for April 25, the platform brings a unique twist to the gaming industry: the ability to resell digital games on a secondary marketplace. This innovative feature, combined with a diverse range of games and strong industry partnerships, positions Ultra Games as a frontrunner in the gaming world.
A Gaming Ecosystem Designed for the Future
Since its inception in 2018, Ultra has been hard at work developing its gaming ecosystem. The Ultra layer-1 network, a fork of the EOS blockchain, has evolved to include products such as the Ultra Wallet, Ultra Arena esports platform, and the Uniq Marketplace for NFTs. The company’s rapid expansion has garnered attention, setting the stage for the Ultra Games store’s highly-anticipated launch.
As it goes live, Ultra Games will offer around 60 to 70 titles, ranging from Web3 games like Cards of Ethernity and MARS4 to traditional Web2 games without NFT or token elements, such as Lords of the Fallen and The Walking Dead: The Telltale Definitive Series.
One of Ultra Games’ most groundbreaking features is its tokenized license rights, which enable players to resell purchased games on the Uniq Marketplace. Although game publishers have the option to opt-out, Ultra Co-CEO Nicolas Gilot believes there are many compelling reasons for them to embrace the secondary sale of games. He highlights the ability to set an initial no-resale period, determine a minimum resale price, and choose the royalty percentage they receive.
Ultra Games’ resale model is not without its limits, however. Publishers’ royalty fees cannot exceed 70% of the resale price. This ensures that gamers still benefit from selling their games, making the process worthwhile.
Freedom to Experiment
Ultra Games gives developers and publishers the chance to experiment with new business models, which stands in contrast to traditional digital game stores like Steam. Tokenized games can be used to offer discounts, unique in-game items, and more. Additionally, Ultra Games boasts a Web2-friendly interface, hiding crypto elements beneath an accessible layer for non-Web3 natives.
Furthermore, the platform is designed to support NFT initiatives from publishers and developers. Digital collectibles called “Uniqs” can be traded similarly to tokenized game licenses, opening up new opportunities for creative business models.
Conclusion
Ultra Games’ innovative features and capabilities have the potential to reshape the gaming industry. The platform’s success will ultimately depend on whether game developers embrace these new opportunities and if players take interest. With partnerships from gaming giants like Ubisoft, Atari, and The Sandbox, as well as unique monetization options, there’s no doubt that Ultra Games is on track to make a lasting impact.
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