The World’s First Marketplace for In-Game Actions Where Players Can Get Paid
ClanPlay (www.clan-play.com), a leading mobile gaming startup, launched a marketplace for in-game actions where anyone can pay players to take actions inside games. Using blockchain technology, ClanPlay wants to change the way gamers are viewed, from acquisition targets to skilled individuals that should be rewarded and encouraged to play new games.
Earlier this year, ClanPlay became the highest rated app for gamers with a star rating of 4.8 out of 5.0 on both Google Play and iOS. The status was achieved after adding support for 2 of the most successful mobile games: Clash of Clans and Clash Royale and attracting an audience of more than 1.5 million users.
The company’s CEO, Leonard Frankel provides background: “When we look at the games market, we find two major problems that require immediate attention: Games are being promoted on a centralized handful of platforms, where advertising budgets are paid to huge corporations instead of directly to the end-users, the players. And while there are numerous parties interested in paying for in-game services, there are no structured means to do so”.
ClanPlay envisions its marketplace as an efficient system in which game developers can pay users in proportion to how engaged they are with their games. For players a campaign could be structured to incentivize progression milestones such as watching the game’s ad, downloading it, reaching level 5 and even making the first purchase; All milestones will be disclosed beforehand and payment for them would be guaranteed as part of a trust-less solution, coded into the smart contract (i.e. automatically managed by the blockchain). In addition, ClanPlay will let developers harness the power of social promotion by paying influencers (e.g. YouTubers and streamers) a share of revenues generated by players that clicked links they share. Direct revenues sharing would align interests of both parties and create a fair-trade practice that the company expects to be attractive for tens of thousands of game influencers, whose content is currently under-monetized.
To address another major problem, ClanPlay will enable peer-to-peer trading where interested parties can pay players for In-Game Actions and services. Authorization providers that access game data, like ClanPlay’s own technology, will verify action completion and automatically approve payments. For the first time, the Marketplace will allow gaming team leaders and eSports managers to easily incentivize their players to complete in-game tasks such as joining a team or reaching in-game goals. Leonard continues: “Last year only 17,000 players participated in eSports events and earned money from their gaming skills. They brought in an average monthly income of $550. That’s not enough gamers, and it’s not enough money! Our upcoming Marketplace will create a new meritocratic economy in which gamer skills are financially valuable”.
The marketplace will offer three types of interactions; Direct Discovery Campaigns in which developers plot a rewarded journey for players to engage with their games; Peer-to-peer interactions between players and Cross-Game Tournaments where any action inside games can become a winning criterion and ‘game triathlons’ can be formed with automatic distribution of prizes, across multiple games and even multiple platforms. Such tournaments would make for a lucrative advertising media as they could attract massive audiences and form unique entertainment opportunities.
ClanPlay has developed the infrastructure for this marketplace and now turns to private supporters to fund further development by selling a portion of the tokens being issued. A total of 1 billion GG tokens are being issued, of which 300 million will be sold in a private sale during Q2 and Q3 2018. The project is gaining traction, with reputable advisors such as Andrey Nayman and Henric Suuronen joining, and several game developers registering as future advertisers on the platform.
ClanPlay ltd. was formed in 2016 by game industry veterans: Leonard Frankel and Asaf Semo, During its two years of operation, the company has raised equity funding from founders of leading game companies such as Plarium, Huuuge, Diwip and Babil Games. ClanPlay is among only two games-related companies in the history of Israel to have received a government grant for technological innovation and is considered a leader in the messaging apps for mobile gamers category.