Vaionex is currently hard at work developing the latest version of Tegment – which is set to revolutionise the way that people play video games. Tegment integrates into many of the most popular games currently being played including CounterStrike: Global Offensive, Valorant, Call of Duty and Fortnite.
However, the platform currently integrates with over 50 games to provide tournaments, leaderboards, and other integrations allowing players to stake and earn BSV.
‘We have an overlay which is a direct-to-consumer engagement model, and this allows us to. to pay players directly based on their actions in the game,’ said Adam Bishop, Chief Marketing Officer at Vaionex. ‘And these payments come from sponsors. So every time, every time a player or they make a kill the payment is sent to their wallet and an advertisement is shown in the bottom corner.’
‘So each action in the game is an impression if you’re thinking about it from an advertising standpoint. This has never been done before to be able to add direct in-game advertisements. And for users, they accept this because they’re getting paid.’
A new way to monetise gaming
Bishop explained that one of the major problems with blockchain gaming as a whole is that these smaller indie developers are competing directly with large video game development studios like EA, Epic Games, Valve, and Riot Games. He noted that these studios have budgets which are up to $100 million or more for development and marketing budgets, which are almost double that.
‘So instead of building games with Unity or Unreal (Engine) and then having the Bitcoin functionality on top of that, we see the real potential in overlaying, like a reward system on top of all of these very popular games,’ he said.
eSports and the BSV blockchain
The gaming industry represents over $200 billion in revenue annually worldwide, which is larger than the film and music industries combined. While eSports is only a segment of this revenue, it is still relatively nascent and growing. This makes it a perfect fit for growing blockchain adoption.
Bishop added that Tegment is targeting the esports industry. ‘So in a traditional esports competition there might be a $1 million grand prize and one player or one team can win this. Instead, we can have massive esports competitions where they (players) are paid directly for their performance. So if you join the competition and you get more kills than you have deaths, then you can earn money.’
Bishop said that Tegment and Vaionex chose to build on the BSV blockchain because it sees it as the most scalable technology layer and the future of blockchain. ‘There will only be one blockchain that is used for the entire world because of the benefits it offers – such as low transaction fees, transparency, and the ability to do micropayments,’ said Bishop.
