Nick Covella Joins DMarket as SVP of Engineering

“We are excited to have Nick Covella on board,” said Vlad Panchenko, Founder and CEO of DMarket.

August 6, 2018 —

Nick Covella has joined DMarket from Conversant, where he was Vice President of Engineering at a company that markets itself as the global leader in personalized digital media data. Nick has more than 30 years of experience since graduating from the Computer Science faculty at California State University, Northridge. He also holds a Master's degree in Business Administration from Pepperdine University.

“We are excited to have Nick Covella on board,” said Vlad Panchenko, Founder and CEO of DMarket. “His knowledge base, deep understanding of the blockchain technology and management expertise will boost the growth of the DMarket universe. Together we will do fascinating things for the gaming industry.”

Nick’s previous role involved managing literally billions of customer interactions per day whilst prioritizing security and privacy to ensure that this data was not compromised. Prior to Conversant, Nick worked at defense industry giant Lockheed, entertainment company DreamWorks and multinational photography company Kodak. While Nick’s recent work has been at executive level, he remains a proud software engineer, staying up-to-date with developmental trends, best practices and technology standards. In the blockchain sphere, Nick has built expertise in solidity and its capabilities with coding smart contracts, encryption and distributed ledgers.

DMarket is the world's first blockchain-based marketplace for buying, selling, exchanging and collecting in-game items where everyone — developers, entrepreneurs, and gamers — can monetize virtual assets. Using API, DMarket unifies platforms and games worldwide to form a decentralized, secure trading economy that creates value for in-game items. DMarket gives everyone in the gaming sector the right to own virtual assets whilst also increasing a game’s lifetime value. Developers gain an additional source of revenue, entrepreneurs pioneer digital ventures, and gamers trade across platforms and titles. DMarket thus brings different groups of people together whilst also evolving to the demand for games as a service. With DMarket, players from every corner of the gaming world will be able to unlock the real-world value of virtual items by buying, selling and exchanging them as in-game assets on the blockchain.

DMarket has already signed partnership agreements with top-profile companies in the gaming sphere such as Unity Technologies, 4A Games and Xsolla.

DMarket is a disruptive tech company engaging with a rapidly growing gaming industry. It is forecasted by newzoo that 2.3 billion gamers across the globe will spend $138 billion on games in 2018. This is an increase of over 13% from the year before. It is expected that consumer spending on video games will surpass $180 billion by 2021.

By the end of 2019, DMarket will have connected hundreds of games to its marketplace, including top-tier ones. The turnover of in-game items from such a wide variety of titles will amass billions of dollars, and this is just the beginning of the DMarket universe.

For more information about DMarket, visit https://dmarket.com/ or contact [email protected].

Contact Info:
Name: DMarket
Organization: DMarket

For more information, please visit https://dmarket.com/

Release ID: 384857