TapSwap Unveils Web3 Platform to Transform Skill-Based Gaming Rewards

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Jimmy Aki

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Jimmy Aki

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Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news...

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November 12, 2024 04:51 EST

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TapSwap recently announced the launch of its Web3 gaming platform to enter the tap-to-earn market by prioritizing fair skill monetization and developer-friendly integration.

In an exclusive interview with CryptoNews, Naz Ventura, founder of TapSwap, shared the platform’s mission and strategic roadmap.

According to Ventura, TapSwap is designed to bridge the gap between gamers seeking skill-based earnings and developers looking for wider reach.

A Player Journey Centered on Inclusivity and Reward

When asked to explain the player journey, Ventura highlighted that TapSwap welcomes all types of users, from seasoned players to newcomers.

“We categorize our players into two groups. Group one is existing TapSwap players who will receive TAPS tokens through our upcoming airdrop,” Ventura said. “They’ll be able to dive straight into competitions. Group two includes those who may not have received tokens through the drop.”

The founder explained that TapSwap envisions a platform where users are encouraged to grow and excel without barriers, creating a journey that prioritizes fair access to opportunities for entry-level and experienced players.

Similarly, TapSwap’s initial lineup of proprietary games targets three primary skill areas, namely logic, reaction time, and memory.

According to Ventura, the design philosophy revolves around testing and rewarding genuine player abilities.

“Skill, to us, means the player’s ability to influence the game’s outcome based on their abilities,” Ventura said. “For example, games in the logic category will require players to strategically solve puzzles.

By aligning rewards with measurable skills, TapSwap distinguishes itself from other platforms, creating a unique ecosystem where players can rely on consistency and improvement rather than chance.

Profit-Sharing Model for Developer Partnerships

An essential part of TapSwap’s roadmap is opening the platform to third-party developers, creating a mutually beneficial ecosystem where both TapSwap and developers can grow.

“Developers who bring in their own content will share in the revenue generated by their games,” Ventura said. “This ‘simple profit system’ encourages developers to focus on quality and innovation while benefiting from TapSwap’s audience and technical infrastructure.”

This dual-purpose model positions TapSwap as both a competitive gaming hub and a springboard for new developers entering Web3 gaming.

While the platform’s primary focus remains on delivering a competitive gaming environment, Ventura acknowledges the crucial role of developer collaboration in maintaining fresh, engaging content.

“TapSwap is, first and foremost, a place for gamers,” Ventura said. “We want users to showcase their skills, compete, and connect with others. Bringing in third-party developers is about enriching the player experience.

The TapSwap platform is slated for launch in December 2024, while the company plans to open its ecosystem to external developers in 2025 (Phase 3), encouraging a continuous flow of new and innovative games.

Growth and Sustainability

Inspired by Web2 gaming platforms like Skillz, which has achieved 3.2 million monthly active users (MAU), TapSwap has set its sights on capturing over 5 million MAU, potentially reaching $500 million in revenue within its first few years.

Ventura believes TapSwap can sustain growth by drawing in both gamers and developers, ensuring value for TAPS tokens and longevity for the platform.

Editor’s Note (November 11, 4:21 ET): The launch date of the platform was added.