Esports has created a niche among popular entertainment and remains an artistic phenomenon. However, this industry continues to face several challenges, such as low diversity levels, entrance barriers, and, most importantly, ineffective revenue generation structures.
Sitting at the junction of these problems is Miracle Play, a blockchain-based esports platform devoted to solving these problems by allowing transparency and fairness to sponsors, game developers, and players. Let’s review Miracle Play and its revolutionary intentions for the esports sector.
What is Miracle Play?
Miracle Play is a strong P2P and web 3.O esports tournament platform powered by blockchain. Users can create and join events on any blockchain network of their choice. The platform provides an open environment where players, sponsors, and game producers can seamlessly interact. It uses smart contracts to automatize transactions, enforce policies, and facilitate agreements.
A metadata API in Miracle Play provides connectivity to the blockchain for fairness and transparency.
On the other hand, massive diversification supports various game genres and platforms, including PC, mobile, console, and P2E games. The participants themselves might find rewards.
Smart contracts on the blockchain, therefore, automatically award prizes from Miracle Play events. Consequently, various prizes are available to members, contingent upon their chosen blockchain network.
Miracle Play’s Road Map
Miracle Play has a thorough growth and development plan in place:
- 2023 Q3: First iteration of the tournament module, open beta release, and introduction of the first blockchain-based incentive program.
- Fourth quarter of 2023: Extending blockchain network integration, introducing team tournaments, and launching the Miracle Multi-Chain Bridge.
- The first quarter of 2024: The debut of the official platform, payment system, premium competitions, and creation of the player exchange and club networks.
- Second Quarter of 2024: Fan reward systems through streaming, multi-chain bridge improvements, and incentive programs.
- Third Quarter of 2024: The Esports Web3 Game Launchpad, support for AR/VR games, and the availability of the SDK are scheduled for 2024 Q3.
- The fourth quarter of 2024: international events, beta testing of mobile apps, esports academy, and blockchain-based revenue sharing for streaming rights.
Characteristics of Miracle Play
Miracle Play provides several features aimed at tackling the main issues facing the esports sector:
- It, as a result, ensures fairness and transparency by automating the design, management, and awarding of prizes through smart contracts.
- Players are granted more power over their earnings and digital assets, including NFTs that represent player contracts or accomplishments.
- Through event participation, tokenized voting rights, and access to special material, Miracle Play, therefore, provides fans with a voice in governance.
- Blockchain technology, consequently, helps esports organizations manage their contracts, player movements, and finances efficiently.
- Its marketplace offers a setting that assures transparent transactions for in-game products, collectibles, and souvenirs.
- This, combined with anti-cheating laws and the immutability of blockchain records, guarantees competition transparency.
- It is specifically designed to evolve and adapt to both local laws and traditions.
Miracle Token MPT
Two key tokens are employed in the Miracle Play ecosystem: the MPT, the Miracle Play Token, and the BPT, which stands for Battle Point Token. The native currency, the MPT, is to be used to pay off the platform fees, stake to get rewards, and in the marketplace for different purchases. On the other hand BPT is acquired through gameplay in tournaments and can be used to purchase specific items or advance in leagues.
Conclusion
Miracle Play aims to revolutionize the esports industry with up-to-date blockchain technology to solve some of its core problems from within. “Inclusive, transparent, and fair” are Miracle Play’s statuses regarding e-sports improvement. It provides a seamless communication platform among sponsors, developers, and players. Additionally, it eagerly anticipates further development and innovation in the esports industry as it nears its formal launch and beyond. It has opened the doors to all professional and amateur gamers to venture into this exciting adventure.
