DigRate team has thoroughly analyzed project Nitro - an independent, blockchain-based online collaboration platform, which seeks to allow participation in the video-games economy, to connect various stakeholders, and to achieve growth for the overall Nitro network.
DigRate assessed a Quality Rate as HIGH, which means that project Nitro has clear objectives, sufficient resources and, what is more important, a highly experienced team and founders, who really want to build a new video-game community capable to change the whole game industry.
Nitro creates a platform - Nitro Marketplace - which will solve one of the key problems that faces the game industry now - non-transparent system of funding of new games. Nitro ecosystem will enable Promising Game Studios to enter a monopolistic game market and present new projects; this will also make the gamers' dream of participation in game creation come true - it will be gamers who decide which project Nitro will fund.
The DigRate team has assigned “A2” rating score of investment attractiveness to NITRO project: medium-to-high probability of investment return, considerable sensitivity to market environment.
The NITRO project aims to unite all participants in the gaming industry into a single ecosystem to solve the lack of financing problem for developing gaming studios that cannot afford to realize their ideas due to the monopolization of the gaming industry market. The decision to fund each project is to be made by NOX holders, which should involve an enormous number of players, whose dream of directly participating in the process of launching games would finally come true.
NITRO has an experienced and professional team supported by iCandy Ventures Ltd - a subsidiary of iCandy Interactive Limited, publicly listed on the Australian Securities Exchange (ASX: ICI). The company is supported by veterans of the gaming industry and VC professionals. Despite the fact that the team members have experience in launching projects and management in this industry, at the moment, the project does not have a working product.
The project’s key advantage is its business model, which allows it to support the natural growth of the token rate. However, the success of the project as a whole will likely mostly depend on interest from the gaming community in NITRO.
More details about the factors that affect the investment attractiveness of the project can be found in our report.