What skill.it stands for
At it’s core, skill.it is a game monetization platform for game developers and a cash tournament platform for game players.
What is Skill Gaming?
In a game of skill, the outcome is determined mainly by mental or physical skill, rather than by pure chance. Skill based cash tournaments are a new and additional way to monetize mobile games by allowing the player to pay a cash entry fee and compete against others with the opportunity to win real money.
We know, that this monetization strategy sounds like gambling, but is distinctly different because skill overrides any luck or chance that is in the game. Skill-based cash tournaments are currently legal in over 200 territories
Current ways of game monetization
There are 3 ways to make money from games: Ads, pay-per-download and In-App-Purchases. The clear winner in terms of total revenue is Freemium (In-App-Purchases). The problem is that small and medium size game development studios are not able to compete with the resources of large companies!
This „problem“ has resulted in sevenskills seeing the opportunity for skill gaming on mobile phones and moving into that space.
Conclusion
Skill gaming is the next big change that’s coming to mobile games. We believe that players will welcome a change from annoying Ads or In-App-Purchases.
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