MetaPlay is a blockchain-based platform that hosts e-sport tournaments for amateur players. The platform aims to offer tournaments of different difficulty levels based on the skill level of the players. MetaPlay also seeks to enable companies and sponsors to promote themselves through the live Twitch streams of MetaPlay and YouTube Tournament Highlight Shows.
According to the whitepaper of MetaPlay, e-sports are an expanding industry. However, sustaining the success of e-sports is challenging over time. This is primarily due to the variations of the intentions of players. While the players at the bottom level play just for fun, the ones at the top play to earn meaningful prizes. MetaPlay aims to offer novice players an opportunity to develop their skills in e-sports and earn rewards.
According to the official website of MetaPlay, the players of the platform, also called the MetaPlayers, do not need to be experts in the arena of e-sports. The platform allows amateur players to utilize their skills and earn rewards.
PLAY is the native token of the MetaPlay platform. The MetaPlay platform enables the PLAY token holders to participate in the games. The PLAY wallet allows the token holders to stake their coins.
MetaPlay consists of a Sports Pool, whereby users can predict the outcomes of their favorite sporting tournaments or events. The Sports Pool offers the users a chance to win valuable rewards by predicting the outcomes correctly.
MetaPlay platform also aims to offer a metaverse called MetaMall. MetaMall consists of NFTs that can be traded with complete ownership utilizing the platform's blockchain technology. The smart contracts aim to be utilized for actively securing the transfer of property and ensuring that the transactions are secured for selling, renting, and staking NFTs in the MetaMall metaverse.
History of MetaPlay (MPLAY)
The whitepaper of MetaPlay was published in 2021. The platform was created by BC Simon and Pritesh Kuchera. According to the whitepaper, the total supply of PLAY tokens is 1,000,000 PLAY.