Get Set Play, the GameFi protocol that serves as a hub for streaming, eSports and the wider gaming metaverse, understands the power of community. They understand that the new systems being built in Web3 are – or should be – driven by fully decentralized communities which makes them what they are.
Bitcoin’s value is only what it is because there are thousands of computers around the world, which secure and validate the network. No single point of failure, no censorship, no corruption. Only good, clean, sound money that is respected, and recognized by all. This is Satoshi’s dream.
New projects sometimes fail to understand this. What they fail to understand is that without community involvement, verification, validation and support Web3 they are no more than Web2 entities in disguise.
How Gate Set Play puts community decentralization first
The Get Set Play makes no such mistake. The GameFi metaverse relies on, and heavily rewards, members of its community who take an active role in running a node that not only secures the entire network, but validates activities within it. The people who run GSP nodes will be a vital foundation on which the entire ecosystem depends.
GSP node operators will have significant responsibilities, some going well beyond the usual. By staking enough $GSP, users will be able to run a node. When they do, they will be in charge of validating in-game results and uploading them to the blockchain, allowing for near-instant payouts to tournament winners without the potential for corruption. GSP node operators will also validate transactions taking place in the GSP City Marketplace, when users are trading in-game NFTs and other items, earning a fraction of the fees for their duties.
How GSP Node Operators Have Big Responsibilities
Community involvement in the GSP ecosystem goes even further. GSP Channel is a fully decentralized streaming platform with community moderation. To do this, users would be able to rent their own hardware and allow streaming content to flow through it, preventing the need for centralized servers handling the load. Users who have dedicated their own hardware to this purpose will also be rewarded for their efforts, as will the community moderators who ensure that GSP’s content remains accessible – in a fair way – to everyone.
Community nodes will have another important role in powering Get Set Play’s metaverse, validating the time users watch. With GSP, viewers are directly rewarded for tuning in to their favorite streamers and providing an audience for them. GSP nodes will record how many viewers watch a stream, how long they watch it, and how often they watch when determining the rewards users can receive.
$GSP token
All these functions are done directly through the $GSP token. All activities that take place within the GSP require the native governance and utility token, $GSP. The total token supply is 1 billion, with a lot set aside for community node operators to reward them for their work in ensuring the continued success of the ecosystem.
This will create a decentralized network dedicated to every aspect of our modern gaming experience. From streaming, eSports, marketplaces, guild-centers, business centers, and much more, Gate Set will thrive in the open economy of play – an economy that puts players first and rewards gamers for sharing who contributes most. Success allows you to earn maximum. united around the world.
Earning potential will also be high. As well as the flurry trading of NFTs, GSP will set up membership fees for creators (similar to Patreon) so that they can set up tiered rewards for their community. GSP City will be made up of a parcel of land that can act as a business hub for creators in Web3 where they can sell various specialized services including coaching for the next generation of players. In GSP City, users will also be able to rent, lend and sell various in-game items to each other so that they can take advantage of the latest games.
GSP node operators who have staked enough $GSP can share in all of these revenue streams as the ecosystem grows. They will validate transactions, record streamers’ engagement metrics, and oversee land transfers in the Get Set Play ecosystem. The Get Set Play team wants players to profit, and with open access to all of these sources of revenue – they will.
How Get Set Play will change the gaming landscape forever
Get Set Play is a highly ambitious project that covers three main verticals of our modern gaming landscape. By integrating these three verticals into a holistic ecosystem, and through its protocol building blocks, ensuring that it is truly decentralizedNot only is Web2 in disguise, it offers a new paradigm for how we play our favorite games. Through the wider distribution of the $GSP token, the token that controls the direction of the protocol, a more democratic gaming universe can then be achieved.
If you want to be a part of it, head over to the Get Set Play website, arrive early, and start making the change you, the player, want to see in the gaming metaverse. Get ready, get ready, because the time to play isn’t over – it’s just beginning.
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Source: cryptomode.com
