Moxy: Revolutionizing eSports with Blockchain Technology
Introduction of Moxy
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. Moreover, Moxy plans to incorporate popular games, allowing players to access eSports-enabled versions of their favourite titles and compete for substantial real-money rewards. Consequently, game developers and publishers can adopt eSports game modes and engage new players through Moxy.io’s platform and integration stack.
Moxy A Game-Changer for the eSports Industry
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.
In spite of the fact that the monetary value of each prize tier will not be disclosed until the official launch of the Moxy platform, the total prize pool for the competition is $100,000 (this does not include MOXY tokens or collectibles). To participate in the Challenge, players need to be at least 21 years old.
After a player has signed up, created a Moxy Club account, and completed KYC, they will be eligible to obtain the 1,000 MOXY testnet tokens that are necessary to compete against other eSports competitors. Players must follow these steps in order to participate. In addition, players have the opportunity to gain an additional 50 MOXY tokens for each referred player that successfully completes the KYC and signup processes.
Moxy Revolutionizing eSports with Blockchain Technology
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.
In addition to this, Moxy plans to integrate popular games, giving users the opportunity to compete in an eSports-enabled version of their most played titles and win significant real-money prizes in the process. By the utilization of the Moxy.io platform and integration stack, game developers and publishers now have the ability to build eSport game modes and connect with new players.
WHY MOXY
Fiat currency cannot be used to facilitate 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 PLATFORM KEY POINTS
MOXY, a Global Gaming Token, is a foundational requirement for a global eSports experience.
eSports competitive gameplay is the future of gaming and the fourth category of gaming that is about to emerge. The three existing categories are: console, PC, and mobile.
Blockchain technology is the only viable solution to facilitate secure eSport gameplay to a global audience.
Future games will need to provide eSports game modes where players can compete for prize pools to remain relevant. The Moxy Platform provides solutions to these and other critical issues in the video game industry.
Moxy.io’s core team contains many of the most well regarded founders of the gaming industry. These individuals, and companies with which they were associated, launched and produced thousands of successful titles. These individuals will vet, critique, assist, mentor, and promote projects launched on the Moxy Platform.
The Moxy Platform provides access to (i) MOXY, the Global Gaming Token, designed to facilitate eSport competition in video games, and (ii) a robust gaming ecosystem that delivers eSport-ready gamers to publishers and game developers.
The Moxy Forge powers eSports events inside of participating games via an API and SDK. The Moxy Forge middleware layer operates exclusively with MOXY. This eliminates the need for individual game tokens and multiple token economies.
The Moxy API enables games to implement eSport events natively within the game menus and modes without having to facilitate transactions in the game or sell tokens.
Proof of Play™ is powered by a unique sub-token called SCORE. SCORE is a non-fungible token.
Moxy provides an open platform for independent game developers to have their products reviewed and funded by gamers, not executives. The Moxy Club and MOXY are the gateway for this process.
Direct Funding facilitated via Treasury Replenishment. This function will be frictionless and transparent through automation.
Moxy is built on Dapper Labs’ Flow Blockchain to ensure a secure, future-proof, low-fee, and developer friendly ecosystem.
Flow is developer-friendly and easily adopted.
Flow has been thoroughly tested for gaming-related activities.
Tokenomics
TEAM
CONCLUSION
Moxy intends to integrate popular games, enabling players to play an eSports-enabled version of their favorite releases and earn lucrative real-money prizes. Game developers and publishers are thus empowered to implement eSport game modes and reach new players via the Moxy.io platform and integration stack. Moxy believes that the most effective solution to the problem is to provide developers with an easy-to-use tech stack and players with an eSports-centric platform, In the case of the tech stack, Moxy allows developers to organize open eSports events without having to implement an in-house solution.
VISIT HERE:
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
Bitcointalk name: Whitley Keaton
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3475199
Telegram username: @WhitleyKeaton
Wallet address: 0x976e606a138c18B03C504889b36B1fd3424DaBf8