Moxy.io, a marketplace for eSports gaming, has recently announced the commencement of its “eSports for All” Beta Challenge. In this challenge, players compete in eSports-style gaming for a prize pool that includes collectibles, MOXY tokens, and cash worth a total of $100,000. The upcoming Beta Challenge is regarded as a significant step in Moxy’s road map.
This is because it will allow the company to rigorously stress-test the platform’s many different components while simultaneously onboarding eSports competitors in anticipation of the platform’s subsequent launch and Token Generation Event (TGE). Moxy.io is the first firm in the industry to offer on-demand eSports competitions to gamers all around the globe.
The blockchain-powered platform is centered on a global gaming token that all players are able to utilize in order to compete with one another. The project, which offers gamers on-demand access to competitive gameplay, makes use of blockchain technology to make real-time transactions possible, as well as to protect users from fraudulent activity and hack attempts.
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.
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.