Gamification is taking a different stretch as evolution in Cryptocurrencies, communities, and several advancements in Blockchain application is taking the world of games on a different line entirely.
A system known as P2E, by which many game ecosystems allow users to get financial gains for participating in the gameplay, has brought about a massive change in gamers' interests in games. P2E implies Play to Earn, this is a gaming prototype that rewards gamers financially for their participation or plays in blockchain games.
It implies that gamers are rewarded for playing and this is a combination of DeFi (Decentralized Finance) and GameFi (Game Finance) to allow players to share in the pool of resources as well.
DeFi is a move away from the earlier TradFi, and BlockFi way of doing things in regards to Crypto gameplay, where everything is decentralized and all share in the pool of available outcomes.
WTF IS ZONE?
ZONE is a multi-utility token that serves as the native token of the GameFi ecosystem. And that's what ZONE GameFi is all about.
The Zone GameFi model opposes the centralised gaming industry and allows it to be accessible to anyone around the world. Here, anyone can access and generate final payments for playing games.
However, the GameFi ecosystem is bedevilled by several problems that have been left untouched. Some of these are:
- There's a huge waiting time for finality in transactions and slow-paced games.
- Despite the rapid development of complex blockchain games with high mechanisms; other non-blockchain games are not receiving the same support to be placed on the DeFi stack.
- The inability to incorporate and migrate the larger communities of gamers that exist on the net (web) has been one of the worst failures of the GameFi ecosystem.
- There's no means of transport to push value across gamers on different gaming ecosystems.
- The idea of profit maximisation is the pivotal focus as opposed to the actual gameplay in the ecosystem.
- Lastly, there's a lot of complications and barriers in the entry; as well as skyrocketing transaction fees (TPS).
WHAT MAKES ZONE DIFFERENT?
Zone GameFi isn't entirely different from others although it's a community-driven game ecosystem that exists in the Algorand blockchain system.
It is one of the first of DeFi projects and the only GameFi to exist on the Algorand blockchain at present.
The engineering of Zone GameFi is easy, universal, and very adaptable making it one of the most remarkable GameFi ecosystems in the DeFi space.
WHY BUILD ON ALGO
The Algorand Blockchain is one of the world's first open-source, permissionless, pure proof-of-stake blockchain protocols for the next generation of financial procedures.
Simply put, the Algorand Blockchain is one of the most encompassing, free, and easy blockchain protocols that doesn't seem too complicated.
The Algorand Blockchain consists of three (3) primary characteristics and they are:
- Minuscule Transaction Fees: Compared to the other ecosystems, the Transaction fee on Algorand is very small compared to other ecosystems. Transaction fees have been an insurmountable barrier in DeFi services as the fees are relatively high. However, the topologies in Algorand's blockchain seek not a high transaction fee but as little as $0.001per transaction.
- High TPS and Finality:When compared to others, the Algorand can process more than 1,000 transactions per second. This experience is easy and fluid, often like a well responsive website and all of this is because of the Algorand unique layer 1 smart contracts. It is expected that the current 4.5 seconds Algorand finalisation time is set to reduce to 2.5 seconds in the coming future.
- Simple Wallet Configuration: The complicated onboarding process, wallet generation issues, seed phrase storage etc. have effortlessly hampered the progress of most DeFi services.
This is very much different in Algorand as the configuration process is flexible, easy and comprehensive.
Through the collaboration with MyAlgo Algorand wallet, allows users to create and manage their wallets by saving their private keys locally and are encrypted with a password. Furthermore, there's no need for an external software installation.
The Wallet Configuration system is easy and can be linked to writing your name on paper.
ONBOARDING PROCESS WITH WEB 3.0
Zone GameFi involves a move from web 2.0 to 3.0 integration where users and computers can interact without any disintegration. With this, the user onboarding process is easy, fluid and remarkable. Zone is achieving this with its innovative GameFi Discord Bot called Zobo.
Zobo is appearing in over 5,000 Discord servers as of today.
With Zobo, users can challenge their peers without necessarily or directly managing cryptographic keys and wallets simultaneously.
Lastly, Discord server owners that host the Zone Bot can monetize their community using the Zone fee-sharing model.
ZONE TOKEN & DEFLATIONARY NFTs
Zone GameFi solves most of the problems encountered by the GameFi services, especially the integration and migration of web users into the gaming sphere.
With the introduction of her token, named ZONE token. Zone GameFi is bent on monetizing most of the biggest gaming communities in the world.
The Zone Token Model is the first of its kind as it allows for upgradeable and deflationary NFTs. Aside from being a token that users get as rewards for playing in the ecosystem, Zone token can be traded and staked in Crypto markets making it the first of such kind.
Lastly, via Zone Allocation (a fee-sharing model), many servers that host the Zone bot get to share from the pool of Zone token resources available.
WHO FOUNDED ZONE?
Zone is founded by several talented individuals who saw the lapses in the gaming industry especially as it affects the GameFi ecosystem. Zone is laser focused on ensuring gamers are able to share in the rewards that the platform provides users, publishers, developers and others that exist in the ecosystem. Therefore, the conventional form of playing that promoted "paying to play " has changed to "playing to earn".
The success of Zone is possible by the harnessing of several talents.
Adi K. Mishra is the founder of ZONE. He previously co-founded Singapore's first venture-backed crypto company called ZPX. Adi has an eye for scaling tech businesses and he's very passionate about the intersection of technology and social impact. Adi holds a Bachelor's degree in Electrical and Computer Engineering from the Georgia Institute of Technology, and an Entrepreneurship certification from The Graduate School of Business Stanford.
Zone's advisors include; Joey Brander, John Linden and Dr. Marwan Al Zarouni. These are very excellent advisors and have great track records.
Dr. Marwan Al Zarouni is an internationally recognized blockchain technology advocate, keynote speaker and strategic advisor. He is the CEO of Dubai Blockchain Center (DBC), and a strategic partner to Dubai Future Foundation. He is currently heading the Digital Asset Task Force (DATF), a research and advisory team that reports to the Dubai Future Council for Blockchain.
John Linden was the president of Seismic Games before it was later acquired by Niantic Labs. John was also the Studio Head at Activision Blizzard for various franchises such as Call of Duty etc. He is currently the CEO of Mythical Games, a game company that is focused on building player-owned economies as well as her own games (Blankos Block Party).
With such a vast experience of managing several companies, he definitely knows his roots in the gaming industry. Recently, his company Mythical Games recently got featured on Forbes as one of the 10 most Disruptive tech companies to look out for (2019). 5 months ago, Blankos was ranked the number 6 most viewed game on Twitch. This tells us that John Linden knows his ways around the world of gaming.
On the other hand, Joey Brander has had a vast experience as well. He is an investor and advisor for three firms namely: Splyce Inc, Sleek, ePlay Digital, and OverActive Media Group. He is also the president and managing partner at First Serve Partners since 2016. They are a leading venture capital firm that have investments in some of the world's greatest athletes, entertainments, sport, media etc.
Other members of the team include a couple of Software Developers and a handful of excellent UI/UX Designers; they are:
- ROHAN SHARMA: He is the lead UI/UX Designer at Zone and XTZ Esports.
- MILAP PATHAK: He is the head of operations at XTZ eSports; and was formerly the CEO of XTZ Network.
- ANUJ KUMAR SINGH: He's the Head of Finance at Zone and XTZ Esports.
- SAYAN MUKHERJEE: He is the CBO of Zone at XTZ Esports.
- YUVARAJA SUBRAMANIAM: He's a senior engineer at Zone and XTZ Esports and has served in various capacities for brands before this.
- Mohammad Abrar Bhanej - Frontend and UI/UX Designer at Zone
- Akash Deep - Head of Production Technology at Zone and XTZ Esports.
- Vajahaath Hussain - COO at Zone and XTZ Esports.
WHO ARE ZONE'S FUNDING PARTNERS?
The Algorand GameFi platform has witnessed many interests from many brands globally with most investors coming from the UAE.
Zone received 1.6 million USD in a funding round led by Borderless Capital, UAE based Sheesha Finance and Karma Innovations among others. Although Algorand, PEX, HAYVN, xfers, XTZ, MyAlgo etc are all partners of Zone. Zone has continued to attract massive funding from interested individuals and organizations.
The gaming industry is rapidly changing and there's no stopping it.
Zone has attracted a lot of interests and still plans on entering the Middle East with various collaborations with Boundless Art, AFK Elephants to help in creating Zones very own NFT collection. Zone has a high promise and it is purely user-centric. Gamers are encouraged to play and challenge one another whilst earning.
Learn more at the links below:
- Website - https://zone.game
- Discord - https://discord.com/invite/rKFBUhHV8B
- Telegram Chat - https://t.me/ZoneByXTZ
- Twitter - https://mobile.twitter.com/SinCityToken
- Medium: https://blog.zone.game
- Instagram - https://www.instagram.com/xtz.esports/
- Facebook - https://www.facebook.com/XTZesports.in
- Reddit - https://www.reddit.com/r/ZoneGameFi/
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