Renovi Redefines In-Game Ads with Blockchain and $RNVI Tokens | Martech Edge | Best News on Marketing and Technology
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Renovi Redefines In-Game Ads with Blockchain and $RNVI Tokens

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Renovi Redefines In-Game Ads with Blockchain and $RNVI Tokens

Renovi Redefines In-Game Ads with Blockchain and $RNVI Tokens

GlobeNewswire

Published on : Dec 5, 2024

Renovi, a groundbreaking platform merging blockchain technology with in-game advertising, has successfully completed its Initial DEX Offering (IDO) on prominent launchpads like BullPerks, Spores Network, Enjinstarter, Kommunitas, and TrustSwap. This achievement marks a pivotal step in Renovi's mission to transform the interaction between gamers and advertisers within a decentralized ecosystem.

The Expanding Gaming Market and In-Game Advertising

  • Global Gaming Growth:

    • With 3.2 billion gamers worldwide, the gaming market is expanding rapidly.
    • In-game advertising is projected to become a $32.5 billion industry by 2027.
  • Renovi at the Forefront:

    • Leveraging AI-driven ad targeting, Renovi analyzes wallet data to seamlessly integrate ads into games.
    • Partnerships with W3GG and Call of the Voyd demonstrate the platform's growing traction.
    • Currently, Renovi boasts 50,000 monthly active users, with potential growth to over 250,000 users in the near future.

Key Features of Renovi’s Platform

  1. Blockchain Integration:

    • Combines decentralized technology with innovative advertising solutions.
    • Creates a transparent and scalable ecosystem for gamers, advertisers, and developers.
  2. Gamers and Advertisers Benefit:

    • Gamers earn rewards by interacting with non-intrusive, seamlessly integrated ads.
    • Advertisers gain access to a targeted audience through efficient, data-driven ad placements.
  3. Expanding Game Engine Integration:

    • Ongoing integration with various game engines enables broader adoption across diverse games.

$RNVI Token Utility and Benefits

  • Core Medium of Exchange:

    • $RNVI tokens facilitate in-game activities like rewarding gamers and paying for advertisements.
    • Token holders gain access to exclusive platform features.
  • Staking and Rewards:

    • Holders can stake $RNVI tokens to earn rewards and contribute to the platform’s liquidity.
  • Token Buybacks:

    • Revenue generated by the platform will fund strategic token buybacks, enhancing token value.

Milestones and Strategic Growth

  1. IDO Success:

    • During the Kommunitas IDO, Renovi raised 65% of its target in six hours and was fully subscribed within 24 hours.
  2. Post-IDO Strategy:

    • Expanding Partnerships: Collaborating with game developers and esports platforms to increase token utility.
    • Long-Term Vision: Establishing Renovi as the leading provider of immersive in-game advertising solutions for Web2 and Web3 platforms.

Industry Perspectives

  • Revolutionizing Monetization:

    • Renovi’s non-disruptive, highly targeted ads create a seamless experience, offering a fresh solution as traditional advertising methods lose efficacy.
    • By integrating blockchain, Renovi eliminates unpredictability and establishes fairness within the ecosystem.
  • Driving Innovation:

    • The platform’s AI-driven solutions ensure precision targeting, driving deeper engagement between gamers and advertisers.

Renovi is redefining gaming monetization by merging blockchain with in-game advertising. With its successful IDO, expanding user base, and innovative use of $RNVI tokens, Renovi is poised to become a leader in immersive advertising solutions. Through strategic growth, partnerships, and enhanced token utility, Renovi is building a thriving ecosystem that benefits gamers, advertisers, and developers alike.