TapSwap has officially launched a new Web3 gaming platform that focuses on skill-based monetization, seeking to address persistent issues in traditional gaming.
TapSwap has officially launched a new Web3 gaming platform that focuses on skill-based monetization, seeking to address persistent issues in traditional gaming.
The platform aims to connect players with developers, providing a structured environment for users to monetize their gaming skills through its native token, TAPS.
The platform will feature a dashboard displaying available games, leaderboards, and player achievements. Users can earn TAPS by competing in games that require a token entry fee, which they will receive during an initial distribution event planned for next month. A training mode will also be available, allowing users to hone their skills without financial commitment.
TapSwap intends to attract third-party developers to its ecosystem. Initially, proprietary skill-based games will be introduced, with plans to open the platform to external developers in 2025.
This strategy aims to enhance the platform's game offerings while providing a straightforward profit-sharing model for developers.
The launch is partially inspired by established platforms like Skillz, which boasts 3.2 million monthly active users. TapSwap aims to surpass this figure, projecting potential revenues of around $500 million.
The platform's development is positioned to benefit from the lessons learned from previous tap-to-earn games that have struggled to maintain token value.
Naz Ventura, founder of TapSwap, emphasized the need for a sustainable model. He noted that many tap-to-earn tokens have seen significant value declines shortly after their launch on centralized exchanges, undermining long-term engagement.
TapSwap seeks to create a more equitable gaming environment, ensuring players receive consistent rewards for their skills.
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