ZTX, a web3 virtual world and creator platform, is partnering with ZGM, a metaverse influencer management and content creation firm, to launch a competition where users can bet on metaverse gaming results for ZTX rewards.
The competition will be formally launched during the Yield Guild Games Web3 Games Summit, which will be held in Manila and open to all ZTX community members across the globe.
The initiative has been lauded as one of the first cross-industry events where web2 creators partner with web3 users for entertainment and prediction-based rewards – that too with no entry costs or participation restrictions.
ZGM will use ZTX’s legacy web2 platform to assemble teams competing in various metaverse games. Speculators and public members can bet on the winners and the results of these games by holding a specific amount of ZTX in their wallets.
Users must also join the official ZTX Discord server to be eligible for prizes for their correct predictions. While no payments or fees are required to place bets on competition outcomes, participants can win part of the competition prize pool, which exceeds $20,000 worth of ZTX at current trading prices.
Alexx, creative direction and innovation leader at ZTX, said:
“This pilot campaign does not require participants to spend funds to place bets. Instead, they must maintain a certain level of ZTX balance in their wallets to qualify for betting throughout the competition.”
He added that this competition is a sneak peek of the various strategies ZTX plans to unveil to help with web3 gaming mass adoption.
Wendy Heo, global partnerships manager at ZGM, said:
“ZTX has a strong community in web3. ZGM’s experience building on web2 metaverse platforms can bridge web2 and web3 communities through fun events.”
Web3 influencer Altcoin Sherpa, a partner of ZTX, said that ZTX had one of the “smoothest” TGE and airdrops he had ever witnessed.
In a statement, Sherpa said:
“Their official beta is coming out soon, and this event is a huge milestone by showing what the team can do in bridging crypto with non-crypto users. I fully expect them to be shipping more features, product updates, and executing interesting campaigns to give much more value to its community.”
ZTX is preparing a formal announcement of the competition and rewards, details of which will be available over the coming days.
Additionally, competition deadlines, rules, and other terms and conditions will be provided on the official ZTX accounts on X and Discord.
An update on the ZTX Beta, scheduled for release in Q4, 2023, will also be provided soon.
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