No one might have anticipated how quick the boom of cryptocurrency and blockchain would be once they had been introduced, and really, no one gave them a chance to get anywhere near the pinnacle improvements they’re making nowadays. Those reservations have long since faded, and these innovations have gradually entered the global adoption section, largely endearing to the world due to their effectiveness in integrating its community into a global decentralized system. Blockchain and cryptocurrency make it easier to send, receive, and store money by eliminating the need for intermediaries such as banks; in this way, asset owners can easily access their finances.
Growing over time, this company has paved the way for other standards to emerge, such as Defi (Decentralized Finance, a financial machine that eliminates intermediaries and uses smart contracts on a blockchain to facilitate P2P trading) and NFT (Non-Fungible Token, a unit of data stored on a blockchain that cannot be exchanged with each other, typically in the form of pictures, videos, tracks, and so on).
It is positive to mention one or even all of those concepts; they are understandably the appeal of most developers. As a result, Metaverse was established as the primary task. To fully utilize the functions and capabilities of this technology, let's discuss a project that will give you mind blowing surprises called MOXY PLATFORM.
MOXY PROJECT
Moxy.io is a blockchain-based platform that offers on-demand eSports for all gamers. The project connects gamers globally using its token, allowing them to compete across different on-demand competitive gaming titles and win rewards. The project leverages blockchain technology to facilitate real-time transactions across players while ensuring trustless and fraud-free online eSports gaming. The Moxy Platform also provides players with a unified digital wallet that makes MOXY usable across all of the games they play, ensuring easy access to competitive gameplay regardless of geographic region or local currency.
However, Moxy plans to incorporate popular games, allowing players to access eSports-enabled versions of their favourite titles and compete for substantial real-money rewards. All eSport activity happens natively within the game operating on the Moxy Platform, giving the player a unique gaming experience integrated with a secure, blockchain-enabled platform. Consequently, game developers and publishers can adopt eSports game modes and engage new players through Moxy.io’s platform and integration stack.
MORE ON MOXY
As part of promoting sportsmanship, Moxy project team presents MOXY BETA CHALLENGE where participants in the Moxy Beta Challenge will compete against one another in an effort to win games, accumulate points, and move forward through the competition’s four “seasons.” Those players who finish at the top of the Moxy Leaderboard after the conclusion of the fourth season will be eligible to win various rewards, such as cash payouts (in the USDC stablecoin), native MOXY tokens, and Moxy Collectibles.
MOXY’s method to eSports is specially developed to assist eSports go mainstream. Considering how the prize pools are shared between the different parties, there are financial incentives for everyone involved to engage with the platform and grow the ecosystem. Players get to earn rewards, developers get a share, and the Moxy Foundation must ensure the platform runs smoothly over time while getting the money required to support that effort. This means that instead of other attempts at creating eSports platforms in the past, the Moxy ecosystem is getting everyone involved in the efforts through its “trifecta” approach.
Perhaps the best element playing in Moxy’s favor is giving developers the tools to run eSport competitions without having to reinvent the wheel. As these competitions can take place on all levels while the team is rewarded with part of the pool for generating more engagement, developers have more than enough reasons to consider joining the ecosystem.
HOW MOXY WILL CHANGE ESPORT
Moxy is of the opinion that the business potential in competitive eSports is significant. According to Technavio’s projections, the value of the business as a whole is expected to expand to $3.5 billion between the years 2022 and 2027. One of the most popular multiplayer online battle arena games, Dota 2, had a prize pool of $32.85 million in 2022.
According to Moxy, this rapidly expanding business is still mostly reserved for elite gamers who participate as part of professional teams at invite-only events. Moxy’s mission is to make this industry more accessible to a wider audience. The platform, which is backed by blockchain technology, makes it possible for regular gamers to participate in eSports competitions and provides real rewards to the winners.
WHY MOXY
Fiat currency cannot be used to make payment of rewards-based competition in games on a global scale or in a secure, programmatic-based fashion based on gameplay.
Traditional game developers and publishers do not have blockchain divisions and therefore see blockchain as high risk due to the lack of internal expertise and smart contract knowledge. The use of blockchain-based token economies in-game is seen as a regulatory and compliance risk.
Blockchain is seen as a high barrier to entry for end consumers as current games require a high degree of expertise and experience to play.
Single-Game tokenized ecosystems have a lack of utility, liquidity, and long-term value.
Payments and liquidity within single-game tokenized ecosystems are plagued with layers of friction.
Present technology involves lengthy, complex, and costly implementation for in-game token economies.
Current technology is fraught with ongoing regulatory risks and long-term platform support requirements.
Moxy is Bringing Web3 and Blockchain to eSports
Moxy makes use of blockchain technology to develop its web3-based technology, which allows its platform to operate in a decentralized, secure, and stable manner. This also comes with the benefit that developers don’t need to develop multiple on/off ramps to localized currencies as the MOXY token streamlines the whole process. The use of this technology also adds an additional level of security to all of the interactions between developers and players.
Both in terms of cybersecurity and transparency this is better, as all transactions are taking place in the FLOW blockchain. This ensures that the platform is secure, future-proof, low-fee, and easily accessible to all people involved. Moxy’s use of a unified digital wallet also makes it easier for gamers to interact with the ecosystem as not only can their wallets store their MOXY but also their favorite NFTs. With these tools developers can also seamlessly create NFTs to represent their in-game assets, bringing new possibilities to their game development.
TOKENIZATION
TEAM
ADVISOR
PARTNERS
CONCLUSION
In a world were many are looking for fun mixed with rewards in a globally recognized currencies, Moxy platform will give this feeling of reward and avenue to have fun by providing an innovative eSports ecosystem that is projected to revolutionize the gaming industry with the introduction of unique features and gameplay modes to popular titles, enhancing the gaming experience. Moxy’s mission to make eSport enabled games the preferred choice for the majority of gamers. An eSport enabled game gives the players more choices in how they want to play the game. Holders of MOXY will be immediately able to use MOXY for its intended functionality by accessing the Moxy Platform on the Flow Network. Additionally, the Moxy Platform offers significant built-in incentives/rewards to encourage such use.
Visit the various links below to get started. Thank You.
Website : https://moxy.io/
Whitepaper : https://moxy.io/whitepaper/
Telegram : http://t.me/moxyofficial
Discord : http://discord.gg/moxyio
Twitter : https://twitter.com/moxyio
Instagram : https://www.instagram.com/moxy.io/
Linkedin : https://www.linkedin.com/company/Moxyio/
Author: Obarekwe
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=3437642
BEP 20: 0x9EC3f7bb16a32Aa29c3Fd1EB49D6eDa40240017F