U.S. Markets closed
  • S&P 500

    -106.84 (-2.27%)
  • Dow 30

    -905.06 (-2.53%)
  • Nasdaq

    -353.54 (-2.23%)
  • Russell 2000

    -85.52 (-3.67%)
  • Crude Oil

    -10.22 (-13.04%)
  • Gold

    +8.00 (+0.45%)
  • Silver

    -0.35 (-1.49%)

    +0.0114 (+1.02%)
  • 10-Yr Bond

    -0.1630 (-9.91%)

    +0.0005 (+0.04%)

    -1.8680 (-1.62%)

    -467.32 (-0.85%)
  • CMC Crypto 200

    -89.81 (-6.17%)
  • FTSE 100

    -266.34 (-3.64%)
  • Nikkei 225

    -747.68 (-2.53%)

Eldorado Erases Boundaries and Facilitates Virtual Economy Transactions Using Video Games

  • Oops!
    Something went wrong.
    Please try again later.
·4 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

The video gaming industry is big business. With an estimated 2.5 billion gamers, there is a massive appetite for the sector, which is estimated to rake in some $180.1 billion in revenue by the end of 2021.

With more people expected to join the video gaming bandwagon, there are projections that the video gaming industry will be worth $268 billion by 2025.

A breakdown of the gaming industry and market by TechJury indicates:

  • The gaming industry is expected to reach $180 billion in revenue by 2021.

  • There are more than 2.5 billion video gamers around the world.

  • The average gamer is 34 years old.

  • 70% of gamers are age 18 or older.

  • 60% of Americans play video games daily.

Playing video games has evolved from being just a source of entertainment to an avenue for income for many. Video game platforms also now serve as e-commerce hubs where various business transactions take place.

Eldorado GG

One video gaming platform that has evolved to become a melting pot for entertainment, work and e-commerce is Eldorado.gg.

Eldorado is a unique digital marketplace connecting online computer game players with service providers. Players can both purchase standard services such as particular items or currency in video games or a custom service for in-game opportunities through a service provider.

Eldorado has redefined how gaming and e-commerce businesses are being conducted by lowering fees, simplifying the user interface and streamlining the entire order-to-delivery process to ensure the product reaches customers as soon as possible.

“Our service provider sorting structure incentivizes fast delivery times and lowest prices possible in the market, which ensures that customers choose to use our platform again and again. Besides all that, we offer 24/7 customer support,” Modestas Mice, Eldorado Corporate Communications specialist, said.

The team behind Eldorado started trading almost 10 years ago. Since then, the company bought and sold billions of in-game gold and millions of items in RuneScape, Path of Exile, World of Warcraft, Rocket League, CS:GO and more.

Harnessing years of experience and love for the gaming and e-commerce market, believing that it can revolutionize in-game trading, the company set out to build what Eldorado is today — a secure, easy-to-use shop with sterling support.

Erasing Boundaries Among Work, Playing Video Games and Virtual Economy

The main goal of Eldorado is erasing boundaries between work and playing video games and also helping to facilitate virtual economy transactions via virtual currency such as OSRS Gold.

In today’s digital economy, the lines between entertainment and work have become blurred, and many video game players have made a business out of it — by offering game reviews, streaming content and eSports competitions.

“All of these solutions have provided a hefty income for some of the best and most charismatic players in particular video game communities. But more ordinary players are often left wondering, ‘how can I employ my skills to make a living if I am not in the top 0.1% of players?’ This is where Eldorado steps in,” Mice stated.

“We provide such players with an opportunity to turn their hard work in video games, whether it’s farming virtual currency, defeating challenging bosses or completing perilous quests into cash.”

Mice explained that cryptocurrencies and, more recently, non-fungible token-based games, show that just because an asset is virtual doesn’t mean that it doesn’t have value. Eldorado applies the same concept, allowing users to exchange digital goods into hard currency or withdraw them directly in cryptocurrency.

Eldorado is on a mission to disrupt the online gaming industry.

“While there were platforms offering a similar service in the past, their fees were exorbitant; they’ve been plagued by reports of months-long delays of payouts, frequent fraud, platform crashes, automated systems issuing unwarranted bans and other issues. They’ve also lacked a simple, easy-to-understand user interface and 24/7 customer support,” Mice noted.

Transforming Lives

Eldorado’s platform is not only about games and e-commerce. The platform is also touching and transforming lives. Eldorado is helping disadvantaged communities such as those in Venezuela earn a living — another example of how Eldorado changes lives for the better.

One of the concerns of the millions who use platforms like Eldorado is safety and security.

“All service providers are vetted individually by our team and every transaction is protected by our custom-built system called TradeShield. TradeShield ensures that every transaction is initiated by a legitimate customer and fraud attempts are kept at bay,” Mice assured.

“Additionally, should a service provider fail to provide a service matching our high standards, every customer is entitled to a full refund. The vast majority of customers trust our security systems as seen in our website Trustpilot page, where we already have over 5,000 reviews and an average score of 4.9 stars,” he added.

Eldorado’s platform supports goods and services exchange for nearly 100 of some of the most popular multiplayer games. The company makes customer feedback an integral part of future development decisions, including support for deposits and withdrawals of different cryptocurrencies such as Bitcoin, Ethereum, Tether, Dogecoin, Litecoin and Bitcoin Cash.

Watch this YouTube video to get more information about Eldorado’s business.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.