Mobile gaming company MegaFans announced that they distributed the world’s first NFTs as prizes to players from a mobile esports platform. MegaFans first announced in October that they would offer NFTs and cryptocurrency as prizes in their mobile esports games. The company began testing offers with Bitcoin in September to gauge market response, which was strong, so they quickly moved to include NFTs as part of the company’s plan to integrate into the metaverse market and become the first mobile esports platform in that space.
“Being first to market in the blockchain space is both enthralling and humbling!,” said Jeff Donnelley, the CEO at MegaFans. “We’re bridging mobile esports games with digital currencies in ways that haven’t been done yet. This is the forefront of the metaverse and we [MegaFans] are pioneering technology that opens up emerging and untapped markets.”
MegaFans also tested distribution options for a sustainable, scalable model and is currently using Open Sea, the largest NFT marketplace for peer-to-peer transactions, as well as Polygon, a multi-blockchain system that solves for high gas fees in a secure environment. The model proved to be successful when the company distributed the first NFTs within their mobile esports environment. MegaFans is currently entertaining offers to integrate with other metaverse platforms and will reportedly be making more announcements soon.
Megafans offers free-to-play and play-to-earn options ranging from quick-play contests to monthly tournaments with larger prize pools up to $5,000. The pools scale up as community participation grows and players win virtual tokens that can be exchanged for other cryptocurrencies, NFTs, gift cards, cash, etc. MegaFans also uses a leaderboard format that features multiple tournaments simultaneously to players around the globe regardless of skill level or geo-location. The company recently joined the Launchpool Labs incubator program where they are receiving strategic and technical support to help grow their community of gamers and collectors. Launchpool Labs incubator is a 90-day intensive development program focused on building communities and value around startups in the blockchain sector.
(All information was provided by Yahoo! Finance)