- Moxy has launched a blockchain-powered esports platform.
- The platform will allow gamers to host on-demand events for real rewards.
- The platform was launched alongside a star-studded gaming event and the public sale of the MOXY token.
Esports has become a burgeoning part of the gaming industry over the last two decades. Spurred by the rise of live-streaming platforms like YouTube and Twitch, the sector commands millions in annual viewership. Additionally, it generates billions of dollars in revenue, raking in approximately $1.3 billion in 2022.
As the sector continues to grow, Moxy, a blockchain-based esports-focused company, has revealed plans to revolutionize it. The firm recently launched an on-demand esports platform in line with this plan.
The Moxy Platform
On Saturday, July 15, Moxy launched the Moxy Platform, allowing gamers to organize and compete in competitive gaming events for real cash incentives on demand. MOXY, the native token of the ecosystem, fuels the blockchain-powered platform.
Sponsored
The Moxy platform supports popular titles like ShockRods, Super Squad, BattleRise, Stripes, and Formula Retro Racing. Gamers can challenge themselves and organize tournaments to earn MOXY rewards in any of these games by playing in esports mode.
The launch was accompanied by significant excitement and activity.
A Fanfare Launch
The Moxy Platform was made available as part of a multi-event launch. The headline event was a star-studded tournament to showcase the platform, dubbed the “Battle of the Influencers.
Sponsored
The tournament saw star players and influencers like Jaleel White, Quinton “Rampage” Jackson, and Alex Wassabi go head-to-head in a contest to showcase the platform.
The firm made the MOXY token available for public sale in conjunction with the launch. Per Moxy’s tokenomics page, 11 million MOXY at a rate of $0.06 was up for grabs.
At the time of writing, MOXY is listed on BitMart at $0.09072, per data from Coinranking.
On the Flipside
- Aside from the Moxy platform, the firm also offers its “plug-and-play” solution to game developers and publishers looking to integrate the esports mode into their games.
- Moxy still has a long way to go before it can compete with Amazon-owned Twitch, which regularly holds “Twitch Rivals,” a competitive tournament similar to Moxy’s “Battle of the Influencers.”
Why This Matters
Esports is a billion-dollar sector of the gaming industry with millions of participants. The Moxy platform takes a significant step to onboard these participants to blockchain and crypto.
Learn about Moxy’s partnership with Stainless Games:
How Moxy’s New Game Shock Rods Makes Esports More Rewarding
Find out how governance could work when Polygon transitions to Polygon 2.0:
