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Mon Protocol (MON): Revolutionizing Gaming with Decentralized IP Ownership

Mon Protocol (MON): Revolutionizing Gaming with Decentralized IP Ownership

Beginner
2024-05-27 | 5m

What is Mon Protocol (MON)?

Mon Protocol (MON) is a pioneering developer and publisher of blockchain-native IPs and games. With a mission to democratize gaming and foster community engagement, Mon Protocol launched Pixelmon Games, a suite of immersive experiences that have captivated over 1 million web3-savvy gamers and fans.

How Mon Protocol (MON) Works

Mon Protocol's approach to gaming revolves around the concept of Decentralized Game IP Ownership (DGIO), where players are incentivized to "Play to Own" (P2O) while leveraging familiar Free to Play (F2P) gaming models and microtransactions. Unlike traditional gaming setups, where ownership and control are centralized, Mon Protocol's DGIO system distributes ownership rights across its community of players and creators.

The Two-Tiered NFT System

Central to Mon Protocol's ecosystem is its two-tiered NFT system. On the Ethereum main Layer (L1), Genesis NFTs grant shared IP ownership, allowing holders to participate in the monetization of the underlying assets. Meanwhile, on Ethereum Layer-2 chains (L2), In-Game NFTs represent digital assets owned by players, facilitating decentralized ownership within the gaming environment.

Aligning Incentives for Success

Mon Protocol's innovative approach aligns incentives among stakeholders, including Asset Owners, Creators, and Gamers, to foster a sustainable and scalable IP ecosystem. Asset Owners are motivated to source, negotiate, and commercialize IP rights, while Creators drive content expansion, ensuring a vibrant and dynamic gaming experience. Gamers, as the ultimate consumers, fuel the ecosystem's growth through their engagement and participation.

The Game Economy

In Mon Protocol's gaming economy, players access digital assets through various channels, including gameplay, in-game purchases, and secondary market trading. This flexible structure accommodates different player preferences while maximizing user acquisition and retention. Traditional F2P models coexist with Web3-driven P2P NFT exchanges, offering players complete ownership of in-game assets and fostering interoperability across different games and ecosystems.

Empowering Creators

Central to Mon Protocol's vision is the integration of a creator economy, which addresses the challenge of content creation scalability in the gaming industry. Through a decentralized User Generated Content (UGC) system, artists and creators can fund their work, distribute their IP, and earn royalties through the release of Genesis NFTs for their creations. This model ensures that creators are both funded and rewarded for their contributions, while gamers gain access to a diverse array of quality content.

MON Goes Live on Bitget

MON, the native token of Mon Protocol, unlocks a world of possibilities within the gaming ecosystem. As the preferred gaming currency for all Pixelmon Games, MON facilitates in-game transactions and rewards for players and tournament participants. Additionally, MON holders benefit from fractionalized IP licensing flows, community airdrops, and governance over IP and ecosystem funds.

With Mon Protocol leading the charge in launching blockchain-native IPs and gaming powerhouses, trading MON on Bitget opens doors to a vibrant community of creators and gamers alike.

How to Trade MON on Bitget

Listing time: May 27, 2024

Step 1: Go to MONUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell

For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading .

Trade MON on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.