Entropia Universe studio MindArk is pitching an IP exchange and a cryptocurrency bank

Do you have too much money with nothing to spend it on? Oh good, in that case, close this browser tab and go set up a scholarship program or cure cancer or do literally anything helpful to the present and future of humanity. Everybody else, keep gawking because apparently Sweden’s MindArk, the company behind real-world-currency-based MMO Entropia Universe, has dreamed up a new scheme to fund a “a digital assets ecosystem” in the form of what it’s calling “the world’s first Intellectual Property Exchange (IPX).” Oh, and the cryptocurrency will also fund development of the MMO.

“MindArk’s IPX will enable a digital assets ecosystem, providing an environment for the exchange of intellectual property for and amongst business developers, institutions, token holders and platform users. As an open, cross-platform digital exchange, the IPX will support the development of a market where all developers can easily and effectively monetize their work.”

MindArk will be selling 125,000,000 “deep tokens” at a buck apiece to folks who want to buy in. “100 million of these will be available to investors, with MindArk retaining 25 million tokens as a capital buffer. DeepTokens will be the currency of the IPX, facilitating all transactions between buyer and seller through the use of smart contracts,” says MindArk. “The use of DeepToken will create an immutable record of every transaction, bringing an unparalleled level of transparency, traceability and security to the intellectual property market.”

Admittedly, this sounds bizarre, but we’re talking about the Entropia Universe company here, and currency brokering is literally what they do with the game. Once the tokens are sold, the company will form a formal bank in Sweden, “the first bank in the world to hold its capital base in cryptotokens.”

Source: Press release, deeptoken.io
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Sayori

Top kek. I guess they finally run out of funds because even the biggest idiots figured out the game was a plain scam so now it’s time to bait the new-gen cryptocurrency fools.
It’s just amazing that the game and the company somehow remains under the radar of any EU gambling agencies because..well…it’s unregulated gambling no matter how you look at it.

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Nate Woodard

Cryptocurrencly?! LOOOOOOOOL!

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temp starcitizen

Shroud of the Avatar did the same thing. Though not incorporated yet, it’s coming because Lord British partnered his company with NEVERDIE

Lord British joins forces with NEVERDIE to provide millions of gamers universal NEVERDIE & Teleport Gaming Tokens.

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Sally Bowls

I think most things these days involving cryptocurrency have a huge stench of both bizarre and bubble with a faint odor of fraud.

I was hoping there was something interesting with block-chain and MMO assets. Perhaps being able to email (or sell) MMO assets? I guess an old-fashioned AH is good enough.

—–

I have been able to up my term:

As we are way passed double-dipping, I describe penta-dipping as adding ingame advertising/product placement to the traditional sell box + sell expansion + subscription + cashshop.

hexa-dipping adds in-game crypto-currency generation to penta-dipping. Early adopters may only generate crypto-currency when you are running their MMO, but the MMOs that install root kits under color of anti-cheating will soon not want to forgo using your electricity even when you are not in their MMO.

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Shannon Giblett

After playing Entropia Universe I definitely would not invest in anything MindArk puts out.