Planet IX,??? ?? the biggest P&E & NFT project on Polygon, has entered into a strategic merger with a disruptive 3D art & gaming studio – ArcadeNFT. As part of the collaboration, Planet IX will be able to incorporate a much sought-after smart contract developed by ArcadeNFT.
In 2021, ArcadeNFT developed the first-of-its-kind smart contract created specifically for on-chain P&E and PVP gaming, where ranking, prizes, and payments are all controlled and fulfilled entirely on the blockchain. Implementing the contract enables on-chain competitive gaming in the Planet IX ecosystem, it also lets Planet IX enter the esports market. However, it’s a new kind of esports and gaming framework.
On-chain Esports enables safety on all levels of gaming through smart contracts with on-chain brackets and autonomous prize pools. The purpose behind it is basically to reward players for their engagement by transferring a part of all in-game transactions to the prize pools. In practice, it means that an average everyday gamer can earn money when winning a game of Fortnite or Dota via a decentralized system.
Felix Bengtsson, CMO and Co-Founder of Planet IX state that: