# The Protocol

The **Spyre Protocol**, which forms the backbone of Hangman, is a blockchain based tournament system. It has been built from the ground up to provide a safe and efficient means for Web3 game-makers and Web3 game-*players* to earn real value, *without speculation*. While many games profit on perceived future value of tokens (ERC-20, NFTs, governance, etc), the core value proposition of the Spyre Protocol is rewarding players based on in-game performance. NFTs and governance tokens fill out a periphery for the most engaged players.


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