Mythical Games, a next-generation game technology studio, EOS Lynx, Scatter and several highly-reputed distributed ledger technology (DLT) projects are set to launch an industry-wide initiative aimed at formalizing the fast-growing digital assets marketplace via the Distributed/Digital Goods standard (dGoods standard).
The Need for a Robust Digital Goods Ecosystem
The group hopes to establish a benchmark for creating, managing, and distributing digital products between creators, studios, and consumers, according to a report from AP News on January 23, 2019.
In a bid to create a robust and formalized digital goods industry, Mythical Games, a U.S.-based video games technology platform, focused on bringing players, developers and content creators closer to the games they love. They have also reportedly allied with EOS Lynx, Scatter, and other blockchain platforms to launch the Digital Goods standard.
As stated in a press release by the team, the initiative is looking to put in place a “commercially-endorsed benchmark for creating, managing and distributing digital products such as games, coupons, music files and more.”
The team is poised to establish a robust digital goods standard for the development community by creating Metadata Templates for 3D and 2D digital assets and more. Part of the initiative involves specifying templates for metadata according to the digital good a developer is working with.
The team says standard templates will be created to correspond with each digital good so that wallets will display the relevant information, images, and 3D objects correctly.
Digital Objects Need Certificates of Authenticity
Just like in the real world where objects have certificates of authenticity, the team plans to make it possible for digital objects to have a certificate of authenticity by building immutable fields in dGoods which will describe the object’s characteristics that make up the certificate of authenticity “as well as graphical representation to show users as a proof of the object’s attributes including its brand, creator and other details.”
“Hundreds of millions of digital items will be created, bought, and sold in the years ahead. It’s critical that we establish a meaningful digital goods standard that can support a vast array of innovative development communities,” declared Rudy Koch, Head of Blockchain at Mythical Games.
dGoods to Go Live on EOSIO
The team has made it clear that with dGoods, developers will be able to choose whether tokens created will be fungible or non-fungible as the dGoods standard has the ability to define sub-tokens within one contract.
dGoods will be rolled out first on EOSIO blockchain, with other blockchains to follow in the near future. The EOS blockchain network has seen significant adoption in recent times despite the harsh words of critics against the platform.
Earlier in December 2018, BTCManager reported that Huobi had announced plans to launch its EOS-powered crypto exchange in Q1 of 2019.