BitGuild raises $20 million in under 6 hours to create its decentralized gaming platform

BitGuild — the company that is creating a decentralized platform for gamers — has raised more than $20 million in under 6 hours via its ICO and private sale.

The token — which goes by the name PLAT — will be used by gamers and developers alike, and smart contracts are being used to verify and complete transactions. Developers are able to avoid high fees and receive fast payouts, while gamers can use PLAT to buy in-game items and services.