BLOCKSMITH&Co. (Head Office: Minato-ku, Tokyo; President & CEO: Tetsuya Sanada; hereinafter "BLOCKSMITH"), a subsidiary of KLab Inc. (Head Office: Minato-ku, Tokyo; President: Hidekatsu Morita; hereinafter "KLab") that oversees Web3 related business, announced that they are now developing a Learn and Earn service called ‘Quizo.ooo’. It is scheduled to go on presale this fall, with a beta version to be released this winter.

One of the businesses driving the Web3 industry is the GameFi category in which games with the ‘Play to Earn’ business model have become very popular around the world since around 2021. In the case of the ‘Play to Earn’ model users could earn through playing, but in 2022 users will be able to ‘Earn’ not only by playing but also through ‘Move’ (walking/running), ‘Sleep’ (sleeping), ‘Drive’ (driving cars) and other various activities. ‘X to Earn’ models have appeared one after another and are gaining more popularity.

In most ‘Play to Earn’ and ‘X to Earn’ services, users purchase NFTs at the start of use and receive tokens (virtual currency) as rewards for their use.
However, the ‘Play to Earn’ and ‘X to Earn’ services have been experiencing frequent problems with sharp declines in the prices of tokens and NFTs. The overall harmony of token issuance and price maintenance are called token economics. Some analysts believe that the design of the token economics itself is problematic as the source of the tokens granted to users as rewards is dependent on the proceeds of NFT sales.

Therefore, in order to develop a sustainable web service, we believe it is necessary to design an economic zone that is different from the existing ‘Play to Earn’ and ‘X to Earn’.
It is against this background that the Learn to Earn service ‘Quizo.ooo’ is being developed.
 

Quizo.ooo is a Learn and Earn service that allows users to earn rewards while gaining knowledge by solving quizzes. It has the following features.
*Not all features will be available at the time of initial release, but those planned on the roadmap are included.

Worldwide Accessible Quizzes

• Multilingual versions starting with English
• Targets a wide range of people: from children to adults, ordinary people to professionals

Start for free without buying NFTs

• You can make money from 0 yen initial investment or more if you buy NFTs.
• You don't need to be literate in crypto assets or have a crypto wallet to get started.

Sustainable token economics design

• The design of the economy does not depend only on new inflows and price increases.
• Foreign currency acquisition from outside the token economy by leveraging the characteristics of Quiz
• Enhancement of non-investment sales

The basic concept is a time-limited 4-option quiz

• A function to ask a friend to answer when you don't know the answer
• Paid items such as time extension items for answering time

More than 1,000 specialised quiz categories

• A wide variety of quiz categories ranging from fun useful trivia, specialized knowledge, and hobbies
• NFT passports are available for each quiz category

Category passport holders can join the community for each quiz category.

Ranking and rewards will be given for each quiz category.

NFTs with visual animal motifs

Generative art that you will want to collect.

• Quiz question production by DAO. ‘Create to Earn’: earn money by creating quiz questions
• Avatar function
• Provides customizable avatars to express yourself
• Avatars unlocked according to the category passport owned by the user, the number of questions answered in the quiz, and items awarded according to the results of the competition.
• Avatars created in Quizo.ooo can be converted to NFTs and shipped as PFPs
• Proof of Knowledge function that certifies the record of answers to each category in Quizo.oooo as a qualification on the blockchain

BLOCKSMITH is currently actively recruiting people to work with us.
Please click here (https://recruit.jobcan.jp/blocksmith/) to learn more about employment opportunities.

The latest information will be distributed on our official Twitter. Please follow us if you are interested.

BLOCKSMITH announces Press Release "Basic Agreement with Thirdverse Group to Develop and Operate Web3 and Blockchain Games" on April 26, 2022.
In addition other news including; BLOCKSMITH and the Thirdverse Group announced that they would be developing a blockchain game using popular Japanese Manga IP, and ‘Quizo.ooo’ is another new project.
 

Company Name: BLOCKSMITH&Co.
President and CEO: Tetsuya Sanada
Establishment: April 1, 2022
Capital: 10 million JPY
Head office: Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo, 106-6122
Business: Development and distribution of Game&SocialFi services such as blockchain technology, crypto assets utilising NFTs

SNS

• Linkedin:https://www.linkedin.com/company/blocksmithandco-en/
• Twitter:https://twitter.com/BLOCKSMITH_EN