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Glossary of Terms
The collection of interconnected gaming and content platforms, technologies, and services that provide value and opportunities to Joystick's community of gamers, content creators, and supporters.
The competitive video gaming events and leagues that provide opportunities for gamers to showcase their skills, win prizes, and engage with a wider community of esports enthusiasts.
Esports events may take various forms, including individual or team-based competitions, online or offline tournaments, and may feature different game genres, such as first-person shooters, multiplayer online battle arenas, sports simulations, and others.
A decentralized digital ledger that allows for secure and transparent peer-to-peer transactions without the need for intermediaries such as banks or other financial institutions.
A new generation of gaming experiences that are built on blockchain and decentralized technologies, and that enable players to truly own and control their in-game assets and data.
Unlike traditional gaming models, web3 gaming leverages the power of cryptocurrencies, smart contracts, and other web3 technologies to create open and transparent gaming ecosystems, where players can earn, trade, and interact with digital assets in new ways.
The traditional model of gaming where players pay a one-time fee or a recurring subscription to access a game's content. This model has been the predominant one in the gaming industry for many years, but is now being challenged by new gaming models, such as Free-to-Play (F2P), Play-to-Earn (P2E), and Play-to-Own (P2O) gaming.
The model of gaming where players can access a game's content for free, but are offered the option to make in-game purchases to enhance their experience or progress more quickly through the game. This model has become increasingly popular in recent years, particularly in the mobile gaming market. F2P gaming offers players a low barrier to entry and can generate significant revenue for game developers through microtransactions.
The model of gaming where players can earn in-game items, assets, or tokens that they can then fully own and control outside of the game environment. This is made possible through the use of blockchain technology, which allows for secure and transparent ownership and transfer of virtual assets. P2O & P2E gaming are new and rapidly growing segments of the gaming industry, and offer players a more immersive and rewarding gaming experience by allowing them to fully own and control the assets they acquire within the game.
A type of digital token created and transacted on the Ethereum blockchain network enabling secure and transparent peer-to-peer transactions.
Self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. These contracts are stored on a decentralized blockchain network, allowing for secure and transparent execution without the need for intermediaries.
A secure, multi-signature wallet solution that is designed to provide enhanced security for digital assets.
Last modified 17d ago