Web3 is going to eat the esports industry alive.
While esports giants struggle to find sustainable revenue models, @PirateNationFDN is quietly yielding $600,000+ in a SINGLE MONTH of gameplay at current value.
If we annualize that, it's close to $8million USD. This would be in the top 15 purse sizes for esports events, with only 3 games having larger earning pools: Dota 2, Fortnite and Arena of Valor.
The difference, and what makes this an outlier, is that this prize pool is regenerative. This prize pool is put up by a startup experimenting with tokenomics, not a multi-billion dollar company burning cash for market share.
Web3's token economics create self-sustaining prize pools that grow with community participation. No more begging sponsors for tournament funding or hoping for viewership to justify costs.
Tokens serve as in-game and tournament sinks that naturally increase the reward pool.
@PirateNation isn't an outlier. @Axie_Infinity distributed over $1B to players. @StepnOfficial rewarded millions for physical activity. Web3 games are becoming legitimate income sources, not just entertainment.
While this tournament is simply an experiment with distribution mechanics and fair play, I would have loved to have tools like this at my disposal during my time at @riotgames. The economic alignment between players, developers, and investors is revolutionary.
What's remarkable about @PirateNation's approach is that this PVP Tournament has remained largely free of the bot farming that plagues typical web3 airdrop campaigns. High skill players have naturally eliminated most farming attempts through competitive gameplay.
By forcing players to compete directly rather than just grind, the tournament creates a dynamic meta where players must constantly innovate to stay competitive. This is genuine skill based competition, exactly what esports should be.
Web3 gaming isn't just competing with traditional esports, it's reinventing it from the ground up. $600K tournaments with sustainable economics are just the beginning.
The next generation of competitive gaming belongs to player-owned economies. Watch this space.
Narrative violation: #1 chain measured by Mgas/s (the correct measure for throughput) is @ProofOfPlay — by a long shot.
@mattvv and his team have pushed L3 to its limits. Maybe surprising but games have long been a source of innovation in software.
💯 Agree!
I am super grateful to the @PirateNation and @ProofOfPlay team.
You guys changed my life completely with the recent Airdrop.
Forever grateful!
Meet JOLLY ROGER: an all new type of social questing system, built for maximum Piracy and fun. 🏴☠️
Earn BOOTY Points in the Pirate Nation Discord server NOW, and soon, in partner community servers.
THERE'S NEVER BEEN A BETTER TIME TO BE A PIRATE.
Here's how it works 🧵
🏴☠️ CALLING ALL PIRATES: SEASON 1 OF JOLLY ROGER IS NOW LIVE! 🏴☠️
You can now earn BOOTY Points by playing Pirate Nation and by collecting Founder's Pirates & other game items.
Rank up on the leaderboards to secure MAXIMUM BOOTY!
Here's how to JOIN and EARN. 🧵
Introducing: Proof of Play's Multichain
An ultra fast constellation of blockchains built on Arbitrum Orbit and paired with our proprietary onchain game engine.
The Multichain is optimized to serve real-time, fully onchain gameplay and internet-scale decentralized applications.
INTRODUCING: THE SHIPWRIGHT 🏗️
Use the Shipwright to merge & upgrade your ships, and more.
It is a new type of building - a Settlement Building - allowing you to provide goods & services to other players in Pirate Nation. 🏪
Here are the details you need 👇
Pirates love a good holiday bash, so here's a festive game release! 🥳
Winter has arrived, new shop drop with our first set of building skins, Forgotten Gods quests are back, and ships have been rebalanced.
🧵 with the details you need! 🏴☠️