ADVERTISEMENT
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Sitemap
  • Submit Guest Post
  • Contact Us
Best Crypto Blog Website
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
No Result
View All Result
Wootfi Media
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
No Result
View All Result
Wootfi Media
No Result
View All Result
ADVERTISEMENT

Planet IX is Creating a New Framework for Esports by Implementing On-Chain Gaming

Global Press Release by Global Press Release
20/03/2024
Share on FacebookShare on Twitter

Stockholm, Sweden, 24th October, 2022, Chainwire

Planet IX, the biggest P&E & NFT project on Polygon, has entered into a strategic merger with a disruptive 3D art & gaming studio – ArcadeNFT. As part of the collaboration, Planet IX will be able to incorporate a much sought-after smart contract developed by ArcadeNFT.

In 2021, ArcadeNFT developed the first-of-its-kind smart contract created specifically for on-chain P&E and PVP gaming where ranking, prizes, and payments are all controlled and fulfilled entirely on the blockchain. Implementing the contract enables on-chain competitive gaming in the Planet IX ecosystem, it also lets Planet IX enter the esports market. Although, it’s a new kind of esport and gaming framework.

On-chain Esports enables safety on all levels of gaming through smart contracts with on-chain brackets and autonomous prize pools. The purpose behind it is basically to reward players for their engagement by transferring a part of all in-game transactions to the prize pools. In practice, it means that an average everyday gamer can earn money when winning a game of Fortnite or Dota via a decentralized system.

Felix Bengtsson, CMO and Co-Founder of Planet IX states that “this partnership is a gateway for further opportunities that will allow Planet IX to be seen as leaders in the NFT and GameFi industry – merging a strategy-based game with on-chain Esports opportunities.”

The most iconic NFT that Arcade will bring to Planet IX is the historical Genesis Pinball. A limited edition NFT launched in August of 2021, with a playable pinball game inside the NFT allowing users to enter the NFT itself directly on OpenSea and play the game. The Pinball NFTs are the first-ever on-chain playable gaming NFTs and holders have received airdrops from all the following releases by ArcadeNFT.

After the Merge, Pinball NFT holders will be airdropped Genesis Corporation NFTs in all of Planet IX’s in-game corporations. The Pinball holders will also be included in the vesting schedule of the IX Token, IXT,  which is the native utility token of Planet IX.

The merge came to mind because Planet IX and ArcadeNFT share the same fundamental idea and view on esports and gaming. That all players, not just the best teams and event organizers, should have the opportunity to own their in-game assets and receive rewards through gaming.

ArcadeNFT will assist Planet IX in advancing this concept. The long-term vision is to enable P&E and competitive gaming through NFTs & smart contracts. With massive marketplace backing from Planet IX’s existing ecosystem, the funding of autonomous prize pools for players on all skill levels will be secured when the on-chain gaming concept is developed further by the partnership.

About Planet IX

Planet IX is an NFT-based GameFi strategy platform developed by Nibiru Software. Well, actually it’s a sci-fi game and a metaverse. It’s housed on the Polygon Blockchain, and has a huge marketplace, multiple corporations, vendors, and utilities that aid players in their collective mission to resurrect and rebuild an entire world. The game is free to play on mobile or desktop.

Contact

Rasmus Rasmussen
Nibiru
hello@nibiru.se

Global Press Release

Global Press Release

Next Post
LeanBiome Affiliate Program

LeanBiome Affiliate Program - Learn How To Earn Money With

LATEST ARTICLE

19 Best Commercial Print Agencies In Kolkata
Uncategorized

19 Best Commercial Print Agencies In Kolkata

by Volvo
19/06/2025
0

In this article, I will talk about the top commercial print agencies in kolkata and areas that can be evaluated...

Read moreDetails
How To Track Your NFT Portfolio on Mobile: Explain In Detailed

How To Track Your NFT Portfolio on Mobile: Explain In Detailed

05/06/2025
How To Track NFT Portfolio on Any Platform: Step By Step Guide

How To Track NFT Portfolio on Any Platform: Step By Step Guide

05/06/2025
10 Best Mudrex Alternatives In India – Top Crypto Investment Platforms 2025

10 Best Mudrex Alternatives In India – Top Crypto Investment Platforms 2025

30/05/2025
RYO Digital and GRNX Global Partner to Revolutionize Global GrainTrade with Blockchain Innovation

RYO Digital and GRNX Global Partner to Revolutionize Global GrainTrade with Blockchain Innovation

27/05/2025
WOOTFI LOGO

Wootfi Mile Blog

Wootfi.com is a comprehensive review platform that specializes in providing accurate, up-to-date information on the latest developments in the world of cryptocurrencies, forex, DeFi, crypto wallets, and AI. Our team of experienced writers and analysts are passionate about their work and committed to delivering high-quality content to our readers.

Categories

  • Affiliate Program
  • AIRDROPS
  • Artificial intelligence
  • Best Crypto Wallet
  • Bitcoin News
  • Blockchain News
  • Buy Crypto
  • Cardano News
  • CASINO REVIEW
  • CLOUD MINING
  • COINS
  • Crypto News
  • Crypto Press Release
  • DEFI
  • Earning Survey Sites
  • Education Platform
  • Ethereum News
  • Exchange
  • Features
  • Finance
  • Fintech
  • Forex
  • Format Folder
  • Government News
  • Guide
  • ICO
  • Investment
  • Lending
  • News
  • NFT
  • NFT NEWS
  • Press Release
  • Ripple News
  • Uncategorized
  • WALLET
  • Web Hosting
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Sitemap
  • Submit Guest Post
  • Contact Us

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .

No Result
View All Result
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .