Renovi, a leader in Web3 immersive in-game advertising, has been accepted into the Coinweb Labs grant program, the core contributor of the Coinweb Protocol. The grant has been awarded for integrating multichain functionality into Renovi’s platform, revolutionizing how rewards are distributed in the gaming world.
TL;DR
Renovi has been awarded grant funding from Coinweb Labs to integrate multichain functionality into its immersive in-game advertising platform. This collaboration allows $RNVI and other tokens to be rewarded across multiple blockchains, including Ethereum, Binance Chain, and Polygon. This approach adjusts the play-to-earn model by enabling games to generate revenue through ads, buying back tokens, and distributing them as rewards. These rewards can be collected at the Renovi HUB, which will soon offer more functionalities like purchasing in-game items and selling tokens.
The Role of Coinweb in Enhancing Renovi’s Platform
Coinweb is known for its unique approach to blockchain technology, enabling the combination of different and incompatible blockchains. By integrating Coinweb’s multichain functionality, Renovi can now support token rewards across various blockchains such as Ethereum, Binance Chain, and Polygon.
How Multichain Functionality Benefits Gamers and Developers
For Gamers:
- Flexibility: Players can receive rewards on the blockchain of their choice, enhancing their gaming experience.
- Convenience: Rewards can be collected at a central location called the Renovi HUB, which will soon offer functionalities like purchasing in-game items, staking and more.
For Developers:
- Revenue Generation: Instead of endlessly printing tokens, games can generate revenue through ads, buy back tokens, and then distribute them as rewards.
- Support for Various Tokens: The platform supports $RNVI and tokens from brands that advertise, providing a diverse range of rewards for players.
Innovative Reward System: A New Take on Play-to-Earn
Renovi and Coinweb’s collaboration introduces a fresh approach to the play-to-earn model. By generating revenue through advertisements and using it to buy back tokens for rewards, games can avoid the pitfalls of endless token printing. This sustainable model benefits both players and developers by maintaining token value and ensuring continuous engagement.
The Future of In-Game Advertising with Renovi and Coinweb
This partnership marks a significant advancement in in-game advertising and rewards systems. By leveraging Coinweb’s multichain functionality, Renovi is set to offer a more flexible, efficient, and rewarding gaming experience. The Renovi HUB will serve as a central platform for players to manage and utilize their rewards, further enhancing the ecosystem’s value.
Conclusion
The partnership between Renovi and Coinweb is a game-changer in the world of in-game advertising and rewards. By integrating multichain functionality and an innovative reward system, we are paving the way for a more sustainable and engaging gaming environment. As we continue to develop the Renovi HUB, players and developers alike can look forward to a future where in-game rewards are more valuable and accessible than ever.
About Coinweb
The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralised applications across multiple blockchains, effectively merging them into a unified ecosystem. This innovative approach empowers developers to leverage the strengths and functionalities of each blockchain, optimising performance and versatility.
About Renovi
Renovi is a forward-thinking in-game advertising company that specializes in blending advertisements with the gaming experience in both Web2 and Web3 platforms. By focusing on the seamless integration of ads, Renovi ensures that these advertisements are perceived as a natural part of the game rather than a disruption. The company employs data-driven targeting to make ads relevant and engaging, thereby not only enhancing the user experience but also providing value to advertisers through meaningful connections with their audience. This innovative approach underlines Renovi’s commitment to improving game monetization while maintaining the integrity of the gameplay experience.
To stay up to date with our journey, follow Renovi on these channels
Twitter: https://twitter.com/RenoviHub
Telegram: https://t.me/RenoviHUB
Medium: https://medium.com/@renovihub
Discord: https://discord.gg/SPhuNQ7Zzr
Website: https://renovi.io/
DISCLAIMER: This content is provided for informational purposes only and should not be construed as legal, business, investment, financial, or tax advice. Individuals should consult with their own advisors regarding these matters. References to digital assets and financial terms are for illustrative purposes and do not constitute recommendations for action or offers to provide investment, financial, or other advisory services. This content should not be relied upon when making decisions to purchase any referenced digital asset. There is no guarantee that the investments mentioned will be profitable. The regulatory environment for digital assets may vary in different jurisdictions, and legal and regulatory risks are not addressed in this content. The information provided is current as of the date indicated.