The Zilliqa team unveiled its Skill2Earn approach to Web3 gaming in its blog post on Monday. Skill2Earn is a merit-based system that rewards the best gamers. Skill2Earn puts gamers and incentives first.
Players are rewarded based on their in-game performance, allowing them to earn tokens for outcompeting their rivals which, in turn, incentivises deeper engagement than Play-to-Earn mechanics.
Zilliqa added that it intends for Skill2Earn to drive the network effects and growth of the ecosystem. Player activity in-game leads to more transaction volume, wallets, TVL, and dApp development for the Zilliqa network.
Zilliqa (ZIL) is one of the world’s first blockchains being built on a sharded architecture and features smart contracts written in the platform’s proprietary programming language: Scilla. ZIL is trading at $0.02385 at press time, down by 1% in the last 24 hours.