Based in Gothenburg, Sweden, we are best known for having created the world’s first free-toplay real-cash economy massively multiplayer online role-playing game (‘MMORPG’), the Entropia Universe, which has a Gross Universe Product greater than $400 million USD.
In March 2018, MindArk intends to undertake a token sale which will raise capital to fund and operationalize the next stage of the company’s growth plan; the creation of an Intellectual Property Exchange (‘IPX’).
Across the world, there is a large and active digital assets and intellectual property market of those seeking to license their assets across the digital universe. The IPX will enable the 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 game and business developers monetize their work – be it created for the Entropia Universe or other games platforms, for non-gaming software, or for non-software situations such as 3D printable files. The IPX aims to become the central custodian of digital assets in a global intellectual property market that is estimated to be worth over $180 billion USD .
This document outlines MindArk’s plan to build on its existing intellectual property to develop this ecosystem and explain how the DeepToken – MindArk’s own digital asset native to a blockchain – will enable it to function effectively, both as a method of transacting between buyer and seller and as a publicly available blockchain based ledger of contracts.
The DeepToken will also have a function in the Entropia Universe payment and withdrawal process, expediting the transfer of its ingame virtual currency – the Project Entropia Dollar (‘PED’) – into realworld currencies and back again. Furthermore, DeepToken holders will immediately benefit from the consumption of tokens used for transactions and deterioration of items within the Entropia Universe. The IPX will be powered by DeepToken, also known as DTA. We are issuing 100 million tokens for purchase, which will be distributed at a rate up to 1 token to $1.0 USD (1DTA=1USD). The token sale will open in March 2018. More details on our token sale can be found on page 18.
On completion of the DeepToken token sale and establishment of the IPX, MindArk intends to hold future raises that will enable it to open a new fully-regulated real-world bank in Sweden - MindArk Bank – and create an Accelerator Funding Program to support a new generation of digital asset developers. The bank will help to finance the Accelerator Funding Program, enabling exponential growth of assets from a variety of developers and further increase the use of DeepToken.