The main project is “FiPME”, an Exchange for the virtual worlds. We enable both private & business clients to trade virtual goods as if they were trading stocks at the NYSE and access market analytics on ingame economies.
Current Status
First paying customers in a closed beta. Version II (Shop System) is live since end of December 2021.
Market
1. Gamer
2. Publisher
3. Trader
4. Collector
Problem or Opportunity
There is no 2-way exchange for the commodity “ingame item”. Gamers do not have a transparent exchange to go to and publisher are left out of the secondary markets.
Solution (product or service)
FiPME is a 2-way exchange, plus we have built a shop-layout user interface on top of the exchange for an enhanced user experience. Best price execution for market participants and low commissions is the DNA of our solution.
Competitors
Current solutions: dark and grey markets in the web. Shops to sell items (grey, MMOGA and official, eg. ebay).
Advantages or differentiators
1. Open for blockchain & traditional games
2. Open System (Working with API & standalone)
3. Secure – using Escrow accounts
4. Instant buy & sell
5. Compliance framework (regulation)
Finance
We take commission of 3.78% per trade.
Business model
FiPME has a commission-based business model: we take a percentage fee of the turnover and charge for unique market analytics for publishers, financial traders, and other industry participants. We build the bridge between gaming, eSports and the financial markets.
Money will be spent on
1. IT Development (aws widget | Gamification)
2. Legal | worldwide regulation
3. Marketing
4. Organisation (Helpdesk)
Offer for investor
Equity
We have a fully tokenized common share on daura and we are the first emittent on the Swiss marketplace SME-X.
Exchanges are most proven business cases.
$80 billion market with enormous potential
Risks - de-risked
Risk is that another exchange might be the first mover, but having a second exchange gives the possibility to arbitrage (bringing volume to both exchanges)
Incubation/Acceleration programs accomplishment
We have successfully graduated from F10 Switzerland.