Gaming and Blockchain, How Monetizr Will Revolutionalize the Gaming industry, by incorporating Blockchain Technology

in crypto •  6 years ago 

The gaming industry have so far received unprecedented acceptance as many developers are at work yearly, dishing out wonderful games with excellent infrastructures, and gamers are always in search of brand new games to satisfy their adventurist exigencies, and rapt them off into a new world of fun, skills and adventures.

However, there have largely been a decline in the acceptance of the gaming ecosystem due to some challenges experience within the industry, which spans around the basic ideology behind the gaming infrastructure.

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In the 21st century, video games and non-video games are a simulation of real life experiences where users earn points or game tokens for achievements, time and skills exercised in and during game sessions, unfortunately, these reward system only exists and have value within each gaming ecosystem and have no real-life value, for instance, one can complete a game up to 1000 levels and earn millions in game reward but is unable to use the rewards for anything because it has no real-life value.

Moreover, game developers face the challenge of encouraging user engagements, due to the lack of monetary incentives, games life-cycle is extremely short and users will always be on the look-out for new games to spur their interests, giving developers hard-time earning from their games and also looking for innovative means to drive gamers engagements.

Brands spend millions of dollars yearly on Targeted Adverts, most of this money are wasted due to lack of effective targeting, because too much adverts during games makes the games boring and uninteresting, and most times, gamers are totally not interested in what is being advertised, therefore much spending are done by brands due to lack of effective targeting of specific audiences.

There is need for a solution in the gaming industry that will drive revenue to the gamers in return for their time, and skills, ensure optimal engagements for developers and earnings too, and enable brands receive value for the monies invested in advertising.

Introducing Monetizr, Blockchain Based Gaming Ecosystem

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Monetizr is blockchain-based gaming ecosystem, delivering an all-encompassing solution to the gaming industry, utilizing blockchain technology to deliver next-level gaming experience to gamers and effectively maximize income generation for both developers and brands.
Monetizr is designed with a gamers first ideology, to enable gamers receive points and tokens that can give real-life value, which includes being used for purchasing goods and services, or being able to be exchanged for other cryptocurrency or fiat.

Gamers Reward EngineTM

Monetizr works on a Gamers Reward Algorithm, which enables gamers to earn reward based on the time spent on games, skills inputs in form of tasks and levels accomplished and also optioned mining incentives using unused computer processing power, the best part being that tokens earned are hosted on one wallet and are transferable from one game to another.

Monetizr Game Reward EngineTM comprises of three (3) major components:

1. MTZ Wallet:

MTZ Wallet is a simple-to-use, easy-to-access and efficient single reward wallet where users can store all earning accumulated in the platform, including earnings from games, achievements unlocked, and from minings, also MTZ Wallets can be used by developers to store the tokens generated from mining and from revenue generated from their games, invariably, brands can utilize MTZ wallet to store tokens being shared to users or used to pay for efficient targetted Adverts being offered by the platform.

2. Game AI Optimizer:

Monetizr utilizes machine learning algorithm to enable Brands and Developers effectively target users who are interested in their products, this algorithm studies the patterns of users behavious based on activities and provides developers with insights and analytics for effective deployment of marketing strategies such as in-game purchases, product sales and upgrades.

Some game optimizer features for developers includes:

• In-game merchandize module
• In-game analytics module
• Cryptocurrency module

3. Brand Autopilot:

Monetizr team also allows brands to automate targetted adverts and reach optimal levels of awareness for the brands by introducing Brand Autopilot algorithm. This is a form of brand sponsored token allocation for gamers, which effectively allows brands to showcase their products effectively to gamers, whilst gamers earn MTZ tokens for doind so, its a Win-Win for everyone.

MTZ Tokens:

MTZ Tokens is the currency of the Monetizr ecosystem, MTZ is a decentralized , smart and universal game currency which isinteroperably in all gaming systems ( already 25 games) incorporated in the Monetizr ecosystem. MTZ Token are ERC-20 Tokens , based on the Ethereum blockchain.

MTZ Tokens can be issued by developers based on discretion to gamers as they play games developed, or as mining rewards, and can also be issued to gamers for viewing brand sponsored adverts.
MTZ tokens can be exchanged for real-life products and services such as in-game purchases, clothes and shoes from stores, face caps and hoodies, et cetera , or can be exchanged with other cryptocurrencies such as bitcoins and litecoins.

SUMMARY

Concisely, Monetizr Platform works in four different ways, which are solutions to the gaming challenges we outlines in the beginning:

  1. Increase in game engagements for developers
  2. MTZ Tokens earned by gamers across all games
  3. Efficient targeted Adverts for brands from sponsored MTZ token rewards
  4. Real-life value for gamers in return for time and skills showcased in games.
    Monetizr is set to bring a revolution to the gaming industry through the implementation of blockchain technology.

Monetizr Explanation Video:

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  ·  6 years ago Reveal Comment

thank you @surikowstepanuk, i really appreciate your comments

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This looks like a very interesting project. I will sure look into it. As a gamer, having a platform like this is a plus for me and my friends.

With monetizr, gamers have a chance to earn real rewards for the game they spent time and skill playing. This is a wonderful project which will definitely succeed when launched.

A beautiful write-up here @iamchijamz, kudos!

It's been a while since I saw an awesome post like this, this is so @curie
Thanks for sharing dear.

Wow, am glad to have found this platform now, thanks @iamchijamz for your insightful exposure, i will let my friends know about this...

Congratulations, your post has been featured in today's selection for @wafrica post of the day.

... @lordjames

THANKS BOSS

This is worth the time spent playing those video games. At least, you're getting RWAL money in return for your time and achievements. Pretty cool

Wow. This is awesome. Nice work man.

Its such a beautiful piece. Gamers really need a better reward and this is a nice concept. Thanks for sharing

Wow, great post, you must have spent quality time to do this. Kudos

This is a well written article. The gaming industry is awoken to the possibilities of utilizing blockchain technology.

yes boss, Monetizr is really a revolutionary step at the right time

You should reach out to @omniloquent They pay authors to create posts like this for them!!

quite good content!

thank you so much, please how do i reach out to them? could you help me out with their discord link or telegram channel?

A top notch write up you never cease to amaze me
Keep the great work up man
You've provided so much knowledge about this project impressive

Thanks @eunireal1 for dropping by, its been a while.. I hope you learnt something new today?

This is a really nice project, am looking forward to working with them, thanks @iamchijamz for the well detailed explanation, you really did good.

You mean this is possible? Wow, in this era of blockchain and decentralization, nothing is impossible, this would be a very wonderful feat to reach, I really commend the team for doing this. Thank you @iamchijamz for this wonderful review.

In the 21st century, video games and non-video games are a simulation of real life experiences where users earn points or game tokens for achievements, time and skills exercised in and during game sessions, unfortunately, these reward system only exists and have value within each gaming ecosystem and have no real-life value, for instance, one can complete a game up to 1000 levels and earn millions in game reward but is unable to use the rewards for anything because it has no real-life value.

You actually nailed it here @iamchijamz. What is the essence of playing games and earning reward you can't feel or spend? This has sometimes made discouraged me playing some online games.

With the help of Moneytizr, I believe every gamers can be rewarded for their time and effort in playing games. This is a great Initiative and I am very happy with this.

This means I will be rewarded for enjoying myself when playing playing with MTZ tokens via blockchain.

This will also bring in more gamers and more game novices into the blockchain to earn reward as they play.

Thanks for sharing this great post @iamchijamz with love from@hardaeborla in courtesy of @crypto.piotr.

Your review is detailed, 25 games is not a bad start. I would love to experience challenging for FIFA 19 lol

An interesting system, I'm sure I'd like to try it.

I hope that soon more games will join and become more interesting, the idea of ​​rewarding for the skill and time played seems great. although I must say that to include propaganda through ai only seems good to me if the publicity is friendly and not too aggressive.

As long as that makes the game more fun, I think it will be welcome.

Good article, like gamer I loved it.

Interesting project, so monetizr provides the apis for game developers? Did any games announce they will support it for a start?

I agree with you @iamchijamz. This article just explained the phantasy I have in my head when I thought one day that what is the purpose of burning my phone battery chasing down cars and beating them before they reach the final lap to earn coins, of cause unusable in reality, so I deleted the game. Crypto world has just changed that. Kudos.

yeah, crypto is really revolutionalizing the way we do things in the world today, do you know that many companies and institutions are now moving over to crypto ecosystem to create mind-blowing projects? check out my latest post to understand more... meanwhile, thanks for dropping by

amazing review @iamchijamz.

what they are trying to achieve seem to be almost unrealistic. their goals and targets are insane. definetly interesting project worth checking out

yours
Piotr

Hi @iamchijamz!

Monetizr is designed with the first ideology of the players, to allow players to receive points and chips that can give real value ...

I see you bring good news for online video game fans!

I think everyone deserves to win a few Cryptocurrencies. Anything that contributes to using cryptography will be well received in blockchain.

Congratulations for your post!
Bye!
@nachomolina