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Fireside chat with Vlad Panchenko, CEO&Founder DMarket

What’s the story behind DMarket?

It all grew from my passion for gaming. I’ve been a gamer forever, since I can remember. All of my ventures are gaming related. 

I got into the industry more than twelve years ago and DMarket is my third major project (and company). I started by distributing digital games within Suntechsoft Corp Limited. Today, it is the number one private merchant of digital games in the world. Filling a gap in the market in 2016, I founded the Skins.Cash platform where players can sell in-game goods and instantly get real money. Finally, there is DMarket, an in-game item trading platform and game monetization technology for developers, players, content creators, brands, and Esports organizations. Recently, we launched a technology for building metaverses called DROP.GG by DMarket. The first company to use this technology is the world’s leading Esports club, NAVI. 

What was the most difficult part of your experience in the early beginnings?

These days the gaming industry is a booming multi-billion market that everyone wants to be a part of. Years ago, investors and potential partners from other industries were not that inspired by video games. Banks didn’t want to work with companies that were dealing with in-game items. Luckly, as I mentioned, the attitude has changed drastically.

What are you most proud of regarding your businesses?

I’m proud when my vision inspires others. And when I see that what we are building is not just meeting users expectations, but exceeding them. I’m really proud of my team, true professionals from all over the world. 

What is your vision for the future of them?

In the next year or two, I see DMarket as an industry leader and a trendsetter of its niche.

We are building a multi-level and multi-purpose ecosystem for everyone to create, use, monetize and trade in-game goods across different metaverses. 

To add, the beauty of any vision is that it may change depending on up-to-date technologies. We are catching up with those daily.

What’s your advice for the businesses that are trying to adapt to this economic climate?

Look for market gaps and try to be the first to fill them. It might sound trivial but it’s important to remember that any economic crisis opens up new possibilities. I love challenges, that’s the only way you build a business. 

What books do you have on your nightstand?

Among books I’ve read recently are: “No Rules Rules: Netflix and the Culture of Reinvention” by Reed Hasting and Erin Meyer, “Fall Dodge in Hell” by Neal Stephenson, and “Dialectics of Nature” by Friedrich Engels. 

I love reading, it’s a big part of learning lessons.  

Because of the current economic climate our publication has started a series of discussions with professional individuals meant to engage our readers with relevant companies and their representatives in order to discuss their involvement, what challenges they have had in the past and what they are looking forward to in the future. This sequence aims to present a series of experiences, recent developments, changes and downsides in terms of their business areas, as well as their goals, values, career history, the high-impact success outcomes and achievements.

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