Digital Fashion In-Game Sponsorships for Players in ESPA | PAC, Quadratic Funding, $MONA Governance.

So let’s get into the mechanics

  1. Through ESPA, Players are able to level themselves up as they engage in different casual esports battles across a variety of gaming content.
  2. As they level up and get better they can gain different titles in the ecosystem, based off recognition of their game play i.e. Top Rookie, Legend, Hall of Famer etc.
  3. This recognition puts them in a select Player pool, to then be voted by the $MONA token holders as eligible to receive in-game fashion brand sponsorships.
  4. The $MONA token holders exercise their governance rights through a quadratic funding vote, where they stake their $MONA on Players in the select Player pool.
  5. Fashion brands act as the backers in the quadratic voting system, where they back, in $MONA, the Player Development fund pool. WTF is Quadratic Funding? Read here! cc Kevin Owocki and Gitcoin Grants.
  6. Once the vote is finalised across the select Players, $MONA from the funding pool is used to sponsor the select players both by means of $MONA pay-outs to the Players and also by providing the Players with branded digital fashion skins to wear in-game as identity authenticators.
  7. Further, part of the pool within the Player Development Fund is also allocated for PAC resources as a means of getting fashion brands to further their skin in the game via active contributions to public goods. You can read more about how PAC is helping Players go from stage 0 to stage 1 here.

Join our Discord Community (ESPA) and here for DIGITALAX discord! Stay Up to Date Across Our Official Channels;

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ESPA

ESPA

35 Followers

The First Casual Esports for Indie Devs, Modders and Every Player.