As it stands today, it’s hard for small and indie game developers to innovate and make money. It is almost impossible for a small team to make a successful game since the big publishers control access to most of everything.
The lack of marketing makes conditions to be more unstable by emphasizing on the untrusted gap between game developers, players and the online casino. The truth is most game developers aren’t paid on time, paid a small percentage of the games revenue or some even not paid at all.
The online casino also has its own problem. It is not easy to apply for an online gambling license. In some cases they are impossible to get; for example there are no online casinos in France. To operate in EU territory, the online casino generally need an EU licence.
There are a lot of fraudulent activities within the casino players who want to make more money from the online casino, for example by signing up multiple accounts to abuse bonuses.
On the other hand, online casino is not like brick and mortar casino where they have legitimate business presence which lead to most of the online casinos are fraudulent. Some online casinos are started with the sole intention of scamming players. They simply runs out of operating capital and disappears with as much players’ money as possible.
Untested Games Issue
Some games were launched with poor test coverage which indicate that the games have higher level of risks and liability. A test before product release is necessary to make sure that each game has passed an appropriate quality measure.
Most games on the market experienced issues like freezing when played on mobile or crashed because the game was never optimized to work with the current operating system. The game will no longer function if it is not in connected to its server which end up with fail transaction especially if a player is making a deposit or withdrawal with real money.
The online gambling industry has seen significant growth which could see it surpass $1 trillion by 2022. But with unresolved issues, how can both the game developers and the online casino can benefit from the growth of this emerging industry?
JoyToken is committed to deliver smarter games to existing and new casino players by giving innovative and creative games developers easy access to operators in our one stop solution. JoyToken delivers this in four easy steps:
- Game integration and hosting is simple with our own tried and tested game development system.
- Payments go straight to developers’ bank accounts in the form of JoyTokens.
- All relevant regulatory and compliance requirements will be taken care by us.
- Instant access to market via our own online casino site; PlayCosmo Casino which is licensed in the UK, Malta and Curacao and allows developers to test their games before general release to other operator’s casino websites.
Joy Gaming has developed a technology that will revolutionize the online gambling world, by bridging the gap between all levels of game developers and casino operators.
The platform is blockchain based, which mean that the platform is fully transparent and reliable while still maintaining privacy and security. Through the transparency of the blockchain, everything will be viewable, in real time, and the outcomes and rewards will be known and accrued instantly. The joy token network will also allow full control over the Joy Tokens in a players wallet, so instead of having to deposit real/fiat money into an online casino account, the players can bet and withdraw whenever they want.
What’s interesting is that Joy Gaming Ltd (parent company of JoyToken) will take care of all the marketing tasks required for the game to achieve its full potential. They will even provide the developers with a software platform in order to make their job even easier. Basically, all of this means that everything but the developing work will be handled by Joy Gaming.
It is never too late to strengthen the foundation of gaming industry. With faith in the blockchain technology, JoyToken can shape the future.