ExeedMe is a next generation gaming platform powered by DeFi (Decentralised Finance) and NFT (Non Fungible Tokens); two of the most revolutionary blockchain-based inventions. ExeedMe vision is to become the trusted platform that rewards gamers for playing video games thus ensuring they can make a living from their passion.
Being a blockchain powered gaming platform enables ExeedMe to offer gamers a fair and trusted Play-to-Earn environment that they can leverage their skills to earn by doing what they love the most.
ExeedMe is also keen to establish a gamer centred economy that not only rewards the players for their skills but also gives them additional avenues to increase their earnings. It aims to build a skill-based blockchain economy where developers and organisers create competitive game ecosystems for all gamers. There are multiple revenue streams on the ExeedMe ecosystem that the users can utilize to boost their earnings. Gamers can earn with their bets, earn XED (the native cryptocurrency) for engagement, and exclusive NFTs prizes for winning tournaments and league events: trophies, collectibles and in-game assets they own and are able to trade or monetize.
How the gaming industry currently looks Like
The gaming industry has grown considerably over the past two decades, even surpassing some notable economic sectors. It’s current market size is in excess of $159 billion dollars. This is remarkably double the size of the music and movie industries put together.
The eye watering figure is driven by the increased uptake of gaming with more than 2.73 billion gamers globally. Simply put, 1 in every 4 people in the world is a gamer. The majority of these are younger people aged between 18 and 34 thus presenting a huge opportunity for growth in the future. It's little wonder that the industry is expected to record a Compound annual growth rate (CAGR) of 12% between 2020 and 2025.
The gaming industry is also one of the most innovative sectors with game developers constantly coming up with some novel creations that make the experience more enjoyable, futuristic, and immersive. These new developments are emerging from all directions with industry leaders and new entrants all competing to take gaming to the next level.
Subsequently, there has been much disruption in the gaming industry with inventions like virtual reality, blockchain technology, e-sports, and fantasy sites completely transforming the entire sector.
These innovations have made gaming more attractive, helping the industry grow its user base. The excitement has also spilled over beyond gamers with a new market segment of viewers emerging. For context, the League of Legends competition has drawn more viewers than the Super Bowl or NBA finals over the past few years.
Problems with the gaming industry
Looking at the industry figures and future projections, one would think that gaming is a very lucrative enterprise. However, nothing could be further from the truth. A very big chunk of the industry’s revenues goes to game developers and a few pro tournament winners and streamers. Not only does the majority of the players not earn anything from playing, but have to pay to play.
Gamers have to contend with a predatory ad economy that aggressively markets and sells bundles and match points at strategic stages of game progression. Players are required to buy or earn in-game currency and virtual assets they can’t monetize in the real or other digital worlds.
The only potential routes to earn real money from gaming is either being a pro gamer or own a streaming channel that generates revenues from its viewership. However, there is a lot of competition and huge entry barriers for both. Becoming a pro requires tremendous skill and time investment while it also requires lots of work and time to build a following and create streaming content. Clearly, gamers, who are the most important component, do not have proper avenues to earn from this multi-billion-dollar industry.
ExeedMe solution for the gaming industry
ExeedMe aims to revolutionise the gaming industry by deploying innovative solutions that remedy the existing problems. The blockchain-based platform has DeFi and NFT technologies built into their core infrastructure to ensure that the gamer comes first. The integration of these innovations is aimed at creating a gamer-centric economy that prioritises rewarding players irrespective of their skill level.
Gamers on ExeedMe are able to bet on themselves or other players with the platform matchmaking such that the winner takes all. This presents ordinary gamers to earn money, saving them the agony, time and investment needed to turn pro.
ExeedMe has developed proprietary software that powers the p2p gamer economy to ensure the equitable flow of money to the majority of the players. The technology creates incentives for all players to monetize their game skills in a decentralised marketplace not guided by popularity or proficiency. Users earn XED for time spent playing various games on the platform. They can then trade XED for other crypto assets or spend the tokens within the ExceedMe ecosystem. Alternatively they can earn XED for playing matchmaking and use their earnings to gain access to higher stakes Tournaments & Leagues. The platform also rewards gamers with custom NFTs for trophies and skins that are tradeable for other crypto assets in the local marketplace.
Most importantly, ExeedMe has instituted measures to ensure that game developers and organisers build sustainable engagement and grow the competitive ecosystem around their games. They are required to design games that offer gamers better grounds to monetize their skills whether pro or average player.
Looking forward
ExeedMe has built a platform that is literally a game-changer set to transform the gaming industry. Its integration of blockchain technology will help put an end to predatory monetization and make playing, even if for leisure, a worthwhile endeavour. The platform is ushering in a new era characterised by fairness, trust, and transparency in the gaming industry.