Monster League Studios raises $2M for blockchain-based esports platform

Mokens League combines the competitive feel of traditional sports with blockchain.
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Mokens League, the win-to-earn football game

Monster League Studios announced that it had received $2 million in funding from a seed funding round for the Mokens League project it launched in 2021. Mokens League will be a “win-to-earn” NFT gaming and esports platform for traditional sports video games.

The focus of the platform will be on traditional sports. The first real-time sports game on the platform is a football game expected to arrive in the second quarter of 2022. In addition, the company aims to add video games of other traditional sports such as tennis, hockey, and basketball to its portfolio later on.

The project will also have a token called MOKA on the Polygon blockchain. MOKA currency will act as a kind of ticket, and players will use MOKA to enter matches. A pool will be created with the MOKAs collected, and the winner will also own the MOKA in this pool. For this reason, the company is promoting the platform as “win-to-earn.”

Besides the game MOKA token, it also contains other blockchain items such as NFTs. There will also be free-to-play game options on the platform. Monster League Studios CEO Martin Repetto says:

“While we are thrilled and excited about the massive growth of crypto-based gaming, we can’t help but notice that there is a fundamental problem right now with existing ‘play-to-earn’ games that reward people for just spending time on a game that does not work.

This is not fun or challenging and definitely not sustainable. NFTs and tokens can be enticing for players to play our games, but as always, what will retain gamers is fantastic gameplay and eSports mechanics.”

Monster League takes a competitive approach to blockchain gaming with its “win-to-earn” system. For this reason, they are developing a system in which not everyone can profit but the winner. In a way, this seems to be similar to casino games. But there is a critical difference: the competitive factor is more important than luck in the win-to-earn system.

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