VANCOUVER, BRITISH COLUMBIA: Pioneer Media Holdings, a web3 gaming and infrastructure company, announced that it recently launched MetaKit, its proprietary web3 gaming infrastructure and conversion technology suite of products to assist game developers run play-to-earn (“P2E”) on the blockchain.

In March 2022, Pioneer acquired Crowdform, a digital product and venture activation studio which has been integrated as Pioneer’s digital development studio and the technology backbone of the Company’s complete web3 gaming ecosystem which includes content and game development; infrastructure and web2 conversion; and distribution and global publishing.

MetaKit is Pioneer’s core software technology and a proprietary game infrastructure framework for game developers that removes the friction of player onramps and increases each game’s likelihood of success. With MetaKit, game developers can cut production time and decrease development costs associated with game builds as well as accelerate go-to-market strategies.

Web3 gaming is a fast-growing sector and at the forefront of a new wave of technology, with US$10.2Bn projected to be invested in blockchain gaming in 2022, compared to $4Bn in 20211. Pioneer Media is focused on developing quality web3 gaming experiences for players and gaming communities within a trusted and safe ecosystem.

Darcy Taylor, CEO of Pioneer Media commented, “Over the past year, we have focused on integrating the strategic acquisitions we made earlier in the year into our complete web3 gaming ecosystem. We feel strongly that there is a serious opportunity within web3 gaming to provide best in class gaming experiences with credible, quality P2E games. I am very encouraged with the positive traction and progress the team has made with our redefined corporate growth strategy to be a web3 gaming and infrastructure leader in the industry, and now that we have a strong framework and foundation built, we can focus on driving growth and scale for the remainder of the year. Our strategic priorities include launching our robust pipeline of content and P2E games in market, developing new, innovative web3 infrastructure technology through MetaKit and our in-house development studio and securing strategic distribution partnerships to push our P2E game portfolio to mass markets. We look forward to providing updates on our progress executing on these priorities.”  

MetaKit was designed for game development studios to seamlessly integrate web3 conversion technology into workflow, tools and languages already used in games. MetaKit provides the building blocks for game economies, inventory, currencies, player-ownership. The proprietary suite of technology solutions includes: single sign-on solution for blockchain games that allows users to play with NFTs across multiple wallets, NFT rental and in-game marketplace, web3 payment processing platform and frictionless subscription solutions and more.

Pioneer Media intends to grow the usage of MetaKit through the success of its customers’ games and applications, in which their usage of Pioneer’s services will grow in line with their end-user adoption and engagement. Pioneer will leverage partners success growing loyal communities which will increase the usage and engagement of Pioneer’s platform.

Pioneer Media will continue to drive growth though increasing the scope of services within existing customers and acquiring new customers using Metakit. The more their gamers are retained through Pioneer’s tools and the more time spent in their respective games, the more revenue Pioneer will derive from such offered services. Currently, Pioneer offers its MetaKit platform primarily through license, revenue-share and usage-based fee models. This will allow Pioneer to generate revenue from its customers as they develop games and as they succeed and grow.