Exeedme is a blockchain-powered tournament platform designed to enable gamers of all skill levels to monetize their gaming skills. It operates on a play-to-earn model within a decentralized ecosystem, where gamers can participate in various tournaments, challenge opponents, and earn rewards for their victories.
Exeedme works by leveraging blockchain technology to create a decentralized platform where gamers can earn XED tokens, NFTs, and other rewards by participating in and winning gaming tournaments. The platform is integrated with smart contracts, primarily compatible with Ethereum, allowing for autonomous operation of tournament functions and reward distributions. Exeedme also integrates aspects of DeFi and NFT technology to enhance the gaming and reward experience.
The potential use cases for Exeedme include:
Exeedme was founded in 2020 by Nuno Fernandes and Francisco Varela. The platform quickly emerged with the objective of democratizing gaming monetization by providing a fair and trusted play-to-earn gaming environment. Exeedme capitalized on blockchain technologies, specifically integrating with the Polkadot ecosystem, to build a scalable and secure platform. The platform has received substantial backing, including a $2.4 million grant from the European Union for blockchain protocol development. Exeedme has grown a robust community and marketplace by facilitating various gaming transactions and maintaining a significant presence in both Web2 and blockchain gaming arenas.