The global gaming industry is one of the fastest growing segments worldwide. 2.2 billion gamers across the globe are expected to generate $108.9 billion in game revenues in 2017. The Steam platform, owned by Valve, controls a significant percentage of the PC gaming market — 50 percent to 70 percent of all PC game downloads happen on Steam, selling titles from bigger firms such as EA and Activision, as well as Valve’s own games. Steam currently takes 30% – 50% of digital game sales from game developers.
The PC gaming industry is flourishing and the cryptocurrency market reveals exponential growth. Vacuum is the explosive combination of the two. We aim to revolutionize the PC gaming industry and give back the power to the people.
Vacuum allows users to buy, sell and rent digital games. Taking the concept of the used games market and applying it to today’s digital game market, we believe that this will create a new market that is currently non-existent. Through the use of block chain technology, digital game rights can be transferred between users on Vacuum.
Our aim is also to take much lesser commission fees than the competition out in the industry currently. By using cryptocurrency, we will be able to cut out hefty fees from middle man payment processors.
There is a monopoly in the PC gaming industry – Steam. With the power of blockchain technology, Vacuum is aiming to revolutionize the PC gaming industry and give back the power to the people.
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