GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
Press ReleaseUncategorized
planet ix

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

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.

For more information, contact Planet IX at [email protected].

www.planetix.com 

Disclaimer: This is a paid press release! Chain.Buzz does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Chain.Buzz is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Latest Press

post-thumbnail
Press Release
16 hours ago
Gevulot Sets Firestarter Mainnet Launch on July 15, Explains ZK Endgame Approach
Gevulot, a purpose-built L1, is launching the first shared prover layer optimized exclusively for ze...
READ MORE
post-thumbnail
Press Release
22 hours ago
$MAO Announces its Bid for “Memecoin of 2024,” Advancing the $DOGE and $SHIB Legacy
MAOCAT, an Ethereum-based memecoin building an ambitious DeFi ecosystem, announced its intention to ...
READ MORE
post-thumbnail
Press Release
2 days ago
ChangeNOW Announces Listing of USDT TON Stablecoin on Its Exchange
ChangeNOW, a leading cryptocurrency exchange platform, announces the USDT TON (USDt) stablecoin list...
READ MORE
post-thumbnail
Press Release
2 days ago
$5.9 Million Marine Moguls ERC-404 Airdrop Closes in 3 Days, Launch Imminent!
As the clock ticks down to the much-anticipated launch of Marine Moguls, MetFi DAO reminds the crypt...
READ MORE
post-thumbnail
Press Release
3 days ago
HarpyCoin Launches Phase 1 of Presale for Solana-Based Token with Great Utility
The team at HarpyCoin proudly announces the launch of Phase 1 of their presale. This phase has alrea...
READ MORE
post-thumbnail
Press Release
3 days ago
World of Dypians Releases Update Patch on Epic Games Featuring New Reputable Partner Areas
World of Dypians (WOD) – an immersive, groundbreaking MMORPG, has released its latest update, ...
READ MORE
post-thumbnail
Press Release
3 days ago
MAOCAT Presale Is Off to a Successful Start, Raising $300K Already
MAOCAT, the first cat-themed memecoin on Ethereum, has started its presale, offering over 60% of the...
READ MORE
post-thumbnail
Press Release
4 days ago
AI and Gamification Meets Healthcare
Wellchain, a revolutionary mobile super app that is changing healthcare coordination through artific...
READ MORE
post-thumbnail
Press Release
5 days ago
THOTIANA Launches Memecoin Presale with BONUS Airdrop Opportunity on Solana Network
THOTIANA, the newest meme coin on the Solana network, has announced the launch of its presale. With ...
READ MORE
post-thumbnail
Press Release
5 days ago
Galaxis Introduces AI-Powered Suite to Revolutionize Community Creation for Creators
Galaxis, a leading platform for creators in the Web3 space, notable for its partnerships with high-p...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started