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

in gaming •  6 years ago  (edited)

Hey guys, today I want to talk about a topic that is particularly important to me in a way. 2 years ago, I was quite the quintessential gamer, especially when it came to Multiplayer strategy and MMORPG games. You name it; FIFA Multiplayer, Transformers, COD, Clash of Clans and Clash of Lords 2, Modern Day Combat, GTA series, and the likes. It is fun living life from a gamer's perspective, except that it isn't all too fun anymore when you begin to realize you've got nothing real at all to show for the hours spent at gameplay. Slowly, it becomes a boring routine, and you turn it off.

Gaming isn't new to our world today. We've had several brilliant ones over the years that offer thrilling effects that are too similar to reality. It is one place everyone wants to live in sometimes. A place where we could wreck buildings and cities, race supercars we cannot afford yet and control vast armies we do not have the might for in reality. In the past few years, there has been a lot of brands and game-developing companies working and forking in millions of dollars into the development testing and advertisement of these games with very little returns compared to the time, monetary resources, and energy spent in these campaigns. As aggressive as the campaigns come they usually pick up pace and momentum, gather an active community of gamers, and reduce in less than 3 to 6 months.

Why is that?

In a single statement, we could say a large reason why this happens is the lack of encouragement and the existent unbalance in incentivization between Gamers and developers. Let's face it, for a lot of the games out there, as game difficulty increases, so do the resources needed for progress. This makes it harder for the players and they eventually realize the game would be more rewarding when they've got some spare cash to shill out. Not only are the in-game rewards very limited and useless to real-world uses, but you'd have to pay to play something you're supposed to be having fun at. Studies have shown that only 2% of the total gaming community ever spends real money on games. Without progress, the players get bored at it and they seek other interests.

'Where the incentives at'

Are there other problems? Of course. Those who don't stay long enough to realize it's more of a pay-to-play game are easily put off by ads showing up on the screen and causing a distraction during gameplay. Apparently, the game developer lacks the funds to keep updating new and exciting features, and resorts to ads selling to make money.

This proves that it all boils down to the need for incentives. On one hand, Gamers want to accumulate real value for their time and skills, and the game developers and brands would very much like to reap the rewards of their hardwork and investments by making money too Hence, the gaming world has seen several exciting games die off due to the lack of engagement and monetary support over time.

What if a single solution to all of the problems in the gaming exists today? What if there was a win-win situation where gamers get real money for playing games, and the game developers and sponsor brands get returns from their investment while driving deeper engagements an making gaming as fun as it should be?

Introducing MONETIZR; A tokenized ecosystem for the Gaming community.

With the revolutionary technology of the blockchain, the solution exists. Thanks to the guys at MONETIZR, gamers will not only receive enjoy the more realistic gameplay, but also get real-life rewards for their time and skills through the incentives that tokenization brings. By definition;

Monetizr is a blockchain-based gaming ecosystem that is formed to ramp the gaming experience a few notches higher and deliver an all-encompassing solution to the gaming industry by maximizing the revenue generation for every party involved. (Whether gamers, investors or developers).

The company was formed in 2016 with a community-centric business model in mind. The Monetizr team includes a bunch of skilled professionals, developers, visionaries and advisors from several parts of the world who are into gaming, and the media sectors. So far, they have grown in support and partnerships to include notable investors and advisors such as Turner, Storj.io, Zynga, Securitize, Techstar, and the legendary EA games, to mention a few.

The title "Game Reward Engine" is derived from the unique and smart algorithm that smoothly rewards gamers based on a number of criteria such as skill sets used in unlocking different levels and stages of difficulty and game modes, the time spent on playing these games, and a lot other data. Thus, making it difficult for the system to be gamed.
Monetizr features 3 major products which include

  1. MTZ Wallet.
  2. Game AI Optimizer
  3. Brand Autopilot

MTZ Wallet.

The MTZ wallet is an in-game infrastructure that comes with every game utilizing the technology that the ecosystem offers. the MTZ wallet helps to erve as a means of storage of the MTZ token (An ERC20 based token meant for use as a store of value in the Monetizr ecosystems) that is accumulated or earned through the activities of the gamers. The wallet is convenient, secure, and easy-to-use, and allows for users to purchase in-game products with the tokens and for developers and brands to fund ads campaigns and contests to drive community engagement.

Game AI Optimizer.

'Monitizr'

As stated earlier, only a measly 2% of gamers ever spend money on in-game products and services. But thanks to the AI Optimiser tech which uses machine learning, we could see free-to-play gamers get less annoyed, and get that 2% rise up a bit in the coming months/years. How?

With AI Optimizer, Brands will not have to spend too much money on Ads that show up on every gamer's screen. Rather, the cost is reduced effectively as the optimizer helps target only gamers and players who might be interested in a particular genre of games, and are more likely to participate or purchase the products. This is simply possible based on the gameplay records of the individual.

For the developers, the information provided by the AI Optimizer helps them understand the community more and helps them know what features the gamers are likely interested in, and the ones they dislike. This helps them know what features should be present and what features shouldn't be.

Brand Autopilot.

Last but not the least, there is the Brand autopilot feature on the Monetizr ecosystem. This feature allows for brands to automate these targetted ads and showcase their products to likely interested gamers in a very effective way, while gaining tokens at the same time for doing so.

Below is the explainer video which gives a graphical illustration of how the ecosystem will function. You can also check out their social media handles using the links below the video for additional information.

DISCLAIMER: As always, It is safe and healthy to do your own research before investing in any token. This is in no way a financial advice.*

Bountyox.io user: Butterbee

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

It is one place everyone wants to live in sometimes. A place where we could wreck buildings and cities, race supercars we cannot afford yet and control vast armies we do not have the might for in reality.

Hahahahahaha this so accurate. The feeling is out of this world. Especially getting to race with cars that can't be afforded just yet.

With the revolutionary technology of the blockchain, the solution exists. Thanks to the guys at MONETIZR, gamers will not only receive enjoy the more realistic gameplay, but also get real-life rewards for their time and skills through the incentives that tokenization brings

This is interesting. 😁😁😁 The benefits are endless. The fact I'd fuel my passionate and fuel my wallet with some bucks, that's amazing.

This lady shredded me thrice on PES 2017 Soccer. I won't forgive her. 🤣

Gaming plus tokenization through the blockchain is the next big thing.

Pretty cool bro... Thanks for sharing

Thanks for including the whitepaper and the website. We'll read on from there. You've presented this in a way anyone would understand and relate to.

Any idea what the total supply is?

thanks for sharing this awesome data bro.. more ink to ur pen.

Resteemed. we need more innovations such as this.

Pretty interesting read pangoli. I am particularly interested in this because I am a gamer myself. It wouldn't hurt to earn a few bucks while doing what I love. Pretty neat innovation. Thanks for sharing this.

Hey pan, this is amazing. I cannot wait to have this integrated to my need for speed game. Hope the guys at monetizr also work on getting these to some flagship Xbox games.

Cheers mate. Thanks for sharing. Resteemed.

My favorite game has always been the GTA series. While reading this piece, I imagined playing the missions with more strength and vigour than I usually did. Real gangster shit! 😉

All thanks to Monetizr

This is a dream come through for me 💃💃💃

Cheers!

This is a wonderful read, for all gamers on the block chain, this is a good one for you. Am a fast learner too, i could delve into gaming

Awesome, I'll alert you when the time comes. 😉 Hopefully, you get to be on my team on some heavy metal game.

This reminds me of the movie, "Ready Player One". It sounds like it's gonna be a hit. I know lots of gamers like my husband and kids would love to earn while they play their games..the uptake would be incredible.... Thanks for this great article @pangoli... You definitely did justice to it...

Welcome Monetizr. Off to follow them on Instagram

Haha, awesome. Good to know that hubby and the girls are game lovers too. We'll simply watch and see monetizr do their thing. Would be pretty awesome to see the girls make some pocket money even at play. They could own a sizable portfolio at a tender age. 🙂