MON Protocol (MON): Empowering Blockchain-Native Gaming With Stronger IPs

The onset of the GameFi narrative in the crypto space has unlocked new opportunities for gaming enthusiasts. With play-to-earn (P2E) games powered by blockchain technology, gamers now get to make money while participating in their favorite pastime.

However, most of these blockchain games are centralized, meaning that most of the decisions are left to each individual project’s team. Furthermore, it’s difficult for gamers to truly own most of the items they accumulate off-chain.

MON Protocol, in partnership with Pixelmon, has created a platform on which the fractional intellectual property (IP) ownership of gaming assets and decentralized governance of on-chain games is an integral part of the gaming ecosystem.

Let’s learn more.

Key Takeaways:

• MON Protocol, whose founder partner is Pixelmon, is a leading publisher of blockchain-native IPs and games.

• Its chain-agnostic web3 platform has partnered with major blockchains, such as Solana, Immutable X and Aptos.

• The MON token can be traded on Bybit as a Spot pair (MON/USDT).

What Is MON Protocol?

MON Protocol is a web3 platform that facilitates the publishing of blockchain-native gaming projects and IPs, as well as governance over gaming platforms' on-chain IPs. It aims to reach the larger gaming community by offering fractional ownership of digital gaming assets.

Since its launch in February 2024, MON Protocol has already caught the attention of the web3 community — especially savvy gamers and developers — due to its tremendous potential to revolutionize web3 gaming through community engagement. This chain-agnostic IP and game publisher has joined with Pixelmon, a leading decentralized gaming IP provider, as its cornerstone partner in an effort to provide its community with true digital ownership.

Furthermore, MON Protocol has been endorsed by top blockchain projects in the crypto space, which will leverage the platform’s ecosystem in order to develop high-quality games. One such strategic partnership is with Solana (SOL), whereby MON Protocol will provide scalable games built on Solana, with marketing support and added exposure in the gaming community.

MON Protocol has also partnered with the EVM-compatible web3 gaming giant Immutable X (IMX). Both projects will benefit from this symbiotic relationship, which is designed to scale their games to a larger user base. Additionally, it’s partnered with Aptos (APT) in a project that will tap into its blockchain’s reliability, affordability and robust security, while games on Aptos will gain from accelerated social awareness and increased adoption.

MON is the native token of the MON Protocol. It’s used to power in-game activities on the platform, for governance, to license IPs and to power the platform’s airdrop program.

Pixelmon and MON Protocol

MON Protocol entered into a strategic partnership with Pixelmon, a top decentralized IP and gaming publisher whose majority stake is owned by Singapore-based blockchain venture capital firm LiquidX.

Pixelmon is on a mission to create the first Decentralized Game IP Ownership (DGIO) system on web3, in which players will receive play-to-own (P2O) incentives while still benefiting from free-to-play (F2P) gaming. It offers two non-fungible token (NFT) classes: Ethereum (ETH) Layer 1 Genesis NFTs, and Layer 2 in-game NFTs. Genesis NFTs grant holders fractional ownership and royalty rights of the underlying IP involved in creating the art, while in-game NFTs can be attained for free in games. Pixelmon’s Genesis NFTs have generated over $70 million in revenue, and its innovative Warriors of Nova Thera NFT game is poised to shake things up in web3 gaming.

As strategic partners, MON Protocol and Pixelmon hope to provide web3 gamers with high-quality games, decentralized and fractional ownership of intellectual properties and game assets, and a wide range of new possibilities whose community will be central to their success.

One key role of MON Protocol is to power Pixelmon’s on-chain IP governance of over 200 characters through its DAO. Meanwhile, Pixelmon is leveraging MON Protocol's reach, and has benefited from increased partnerships with crucial projects in web3 gaming, such as GAM3s.GG, Planet Mojo, Nyan Heroes and Aether Games, among other key players.

What Is the MON Protocol (MON) Token?

MON is an ERC-20 utility token native to MON Protocol. Its utilities include:

• Gaming — Preferred gaming currency for Pixelmon games, and as rewards for tournament participants

• Community Incentives — Reward community activities, such as missions and power airdrop programs

• Fractionalized IP — Pay for licenses for the IPs

• Creator Grants — Reward creators with grants for game development

• Publishing IPs — Pay to publish next-generation, blockchain-native IPs

• Governance — Power on-chain IP governance through the MON DAO

MON Protocol launched 1 billion MON tokens at its highly anticipated token generation event (TGE), which went live on May 27, 2024.

Of this supply, 6.2% was allocated to the project’s presale activities by its community, which included airdrops to the Pixelmon community. According to MON Protocol, over 180,000 wallets qualified for the airdrop, including Pixelmon Gen1 and Pixelmon Trainers, Armoury NFT holders, Pixelmon trainers and those who participated in the MON presale.

Post-TGE, those who farm MON tokens by completing questing missions will also receive airdrop MON rewards; just link your X account and start completing missions to earn points.

Also, at the TGE, the MON Protocol Staking and Launch Pool Program went live. You can earn Protocol points by staking MON tokens, which you can spend on the five available Launch Pools. The more you stake, the more points you earn. The MON token’s distribution and unlock schedule are as shown below:

Where to Buy the MON Protocol (MON) Token

You can buy MON tokens on Bybit’s spot trading platform. To celebrate the listing, Bybit is holding three special events through Jun 10, 2024, 9AM UTC, with a total of 1,875,000 MON tokens up for grabs:

1. Deposit to Earn — This event is exclusive to the first 10,000 new users, who can share in the 1,400,000 MON prize pool for successfully registering, getting verified on Bybit and accumulating a deposit volume of at least 700 MON, or depositing at least 100 USDT and trading 100 USDT worth of MON as their first transaction on Bybit.

2. Trade to Earn — To share in the 325,000 MON prize pool, simply trade at least 1,000 USDT worth of MON on the Spot trading terminal. Rewards are capped at 6,600 MON per trader.

3. Referral Boost — Receive 30 MON for each of up to 10 successful referees who participates in either the Deposit to Earn or Trade to Earn event.

Closing Thoughts

MON Protocol has generated quite a buzz in the crypto space, especially in the world of web3 gaming. As a leading publisher of blockchain-native IPs and games, MON Protocol is poised to capture the enormous gaming industry and offer gamers a path to fractionalized ownership of IPs and assets. With Pixelmon as its founder partner, and backed by strategic partnerships with top gaming chains such as Solana, Aptos and Immutable X, MON Protocol is on track to reach new heights as it transforms the web3 gaming scene. 

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