WAM.app, known as the first mobile gaming social network allowing its users to play at any time and place, has stepped into GameFi crypto-space. It is the first gaming play-to-earn (P2E) platform that is already internationally validated by having over 2.5 million users last year. It’s a functional product and a Mobile Games Awards nomination finalist for the best innovation 2021.
A new concept of the WAM.app platform will allow users to play quick hyper-casual games to win crypto rewards in the form of the native token WAM and nonfungible tokens (NFTs). What the user has to do is to complete a very simple registration funnel and join any of the available tournaments on the platform to compete against other players on a national and global scale. To join tournaments, players have to pay an entry fee in WAM coins and try to level up in the rating table as high as they can to win as many coins as possible. Besides, one can do it from any smartphone since the platform is available as a progressive web app (PWA) and as a native app (both for iOS and Android). Moreover, players shouldn’t be online at the same time to compete against each other so they can play at any convenient time.
This is a unique product that has no competition on the market, yet capable of revolutionizing the whole GameFi system.
In their strategic vision, WAM.app team has gone further and introduced four fundamental components of their platform:
- Play-to-earn;
- Own-to-earn;
- Market-to-earn;
- Develop-to-earn.
Play-to-earn allows users to make money by simply playing games and participating in tournaments. Before the token generation event (TGE) that will take place soon in December, players can compete to win experience points (XP) that will later convert to WAM.
Own-to-earn will allow users to become owners of NFT games that they can profit from. Become an owner of the game by buying on a marketplace or developing yourself and getting passive income in WAM as a percentage from the pool of entry fees paid by tournament participants.
Market-to-earn will allow users to profit from their marketing skills. They will be able to rent games from their owners and organize tournaments. The profit will be calculated as a percentage of the income of the game’s Owner.
Develop-to-earn will provide the necessary tools to build one’s own game and sell it on the marketplace. Every time their game is sold, developers will receive a lifetime commission in the form of WAM as a percentage of the prize pool from every tournament.
These four roles will serve as the backbone of the WAM ecosystem, contributing to the constant increase of revenue generated by the platform. And, this revolutionary product will lay the foundation of a new era in the crypto gaming industry.
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