Announcing Metastream
🔥🔥🔥 Play-to-earn Livestreaming PLatform🔥🔥🔥
Following the success of decentralized finance (DeFi), non-fungible tokens (NFTs) rose to prominence, making it the theme of the year 2021. As decentralized finance DeFi, keeps soaring high in popularity like the NFTs, it turns out that decentralized game-based finance (GameFi) is where the action is these days. Online gaming is no longer just a pastime. GameFi, which combines decentralized finance (DeFi) and non-fungible tokens (NFTs) with blockchain-based online games, is one of the hottest new trends from the cryptoverse.
The coming of the new token economic model introduced into the gaming world, also known as P2E, is spawning. Unlike in traditional games, where users spend hundreds of hours playing games without anything to show for it, P2E promises non-fungible tokens as a way for gamers to profit from their in-game activity (NFTs).
The video game industry is mega - and what’s more is, it continues to grow by leaps and bounds exponentially. The global gaming market is currently valued at $178 billion and is estimated to reach $314.40 billion by 2026, with a CAGR of 9.64% over the next five years alone. The COVID-19 pandemic has undoubtedly impacted these statistics; when people were confined to their homes, games quickly became one of the most popular activities in many households. According to Statista, around 2.3 billion people play games on different platforms and devices, creating a gaming industry that in 2016 reached $100 billion and continues to boom. Only 4,000 pro gamers made a profit from the time and skill they spent gaming, including trading in-game items they accumulated. Just a couple of games accumulating only 6% of the global audience made a turnover of $4 billion of in-game items.
The rest of the gamers are out of the market for two main reasons: little to no games have a reward system in return, and second, there is no GameFi streaming infrastructure for monetization to reach the desired goal in terms of pay-outs. The growth of the gaming audience has amplified this situation. Owing to the continued growth of gaming audience with no innovative project to attend to these limitations, Metastream came to be A 2-in-1 platform that combines the best of Entertainment & DeFi solely for streamers, GameFi and Guilds.
Metastream is a prototypical blockchain-based project that aims to see to these issues plaguing the P2E gaming industry creating an innovative long-term, sustainable economy for players to gain from by introducing a Streaming platform for live streaming of games economic model (stream to earn) and organizing tournaments.
Streaming & JoyA decentralized live streaming platform will create a player-centric ecosystem for gamers and make live streaming enjoyable and rewarding, switching from the usual play-to-earn model to a stream-to-earn economic model. Pay-outs for gamers in fiat currencies such as the USD defeats the main underlying core features of crypto, which is also a problem for gamers from third-world countries with bad exchange rates to USD. From various games from different blockchain networks, Metastream will provide a haven where users can explore their choice of games, stream and earn tradable NFTs and crypto as pay-outs.
Metastream value streamers - the true knights of the gaming industry who have long been exploited by platforms through major commission cuts. As a team of true gamers and streamers, we present the first ever platform that charges the lowest, almost negligible platform maintenance cost. Streamers on the Metastream platform receive the earnings they make from their fans engagement, fundraising and lots more. Metastream also provides a game incubation platform to the ever-evolving gaming universe. We pave the way for new and talented game creators and entrants to enter the exciting GameFi world with credibility and gain the necessary outreach and user base much faster and more efficiently than possible with the current launch platforms available to them within the space.
TournamentsThe tournament introduced by Metastream provides a win-win symbiotic ecosystem where participants can compete for NFT generated for the tournament and stake their tokens in a yield-farming prize pool generated for the tournament. This is done to ensure all participants are entitled to participation rewards, regardless of loss or win
Other Features- Regardless of any location, people can create their own tournaments and compete with friends or anybody else using the Metastream Tournaments app. A play-to-earn tournament using the app can be built as long as it is mobile-compatible.
- Without the requirement for direct game integration, Metastream tournaments allow gamers, tournament organizers, and game publishers to stream and manage an esports tournament for any mobile game.
- We plan to make every participant earn by introducing a passive generating income model. Via staking and farming, participants are allowed to stake and farm our native token throughout the entire duration of the tournament. With this, regardless of who wins or loses, everyone will earn.
- Built on BSC and Solana Blockchain. Both blockchains employ a proof of stake consensus mechanism that ensures tournament results are preserved and protected from manipulation or fraud.
- A dedicated NFT marketplace, with an On-chain NFT prize generation for each tournament
- EVM compatibility ensures that a number of extra functionalities are deployed to the blockchain so that users cannot have limited issues.
- Token governance via DAO- No one owns Metastream, we all own it, a reason we make Metastream completely decentralized and community-driven. This is done to give lending ears for gamers and everyone to decide the next phase of direction at Metastream.
- Direct game integration allows for automated match adjudication and pay-outs in games.
- Streaming, and social networking.
- Guild creation, management, and tournament functionality
- Automated match adjudication and pay-outs in games via direct game integration.
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