Gaming
GameFi’s Untapped Potential: Four Reasons Why Crypto Gaming is Set for a Major Comeback
Yaniv Baruch, COO of Playnance, a dedicated GameFi ecosystem running on PlayBlock:
Let me cite the newest DappRadar games report: “While August may have seemed like a relatively quiet month for blockchain gaming, it reached a new all-time high in activity.” The number of daily unique active wallets (dUAW) set another record, hitting the 4.2 million mark — a 5% increase from the previous month. The GameFi industry hasn’t been making headlines lately, but new games keep launching, and users continue to demonstrate increasing engagement with blockchain games.
However, Web3 gaming has given up its leadership in the dApp niche over the past two months — AI-based applications have claimed the top spot, capturing a 29% share of the market. One might assume that GameFi is losing ground — but I believe Web3 gaming has a stronger potential than any other crypto narrative for four reasons.
First, investment figures suggest that VCs continue to show strong interest in the industry. GameFi projects raised $1.1 billion in Q2 2024, which is 314% more than in the previous quarter. Investments are going towards gaming studios rather than specific titles — we see a strong focus on infrastructure development and the holistic growth of the industry, which should lead to a comprehensive outcome in the next months and years.
Second, GameFi continues to overcome the limitations that have hindered mass users from embracing blockchain games. Thanks to account abstraction, Web3 games are evolving to feel just like traditional games in terms of user experience — they eliminate the hassle of private key management, the need to constantly sign transactions, and even gas fees. Solutions like Arbitrum Stylus allow devs to launch smart contracts written in languages other than Solidity, opening the door to GameFi for thousands of experienced developers in Rust, C, and C++.
Third, GameFi is becoming increasingly immersive — and in the coming year, we’ll hit a new milestone as the first Web3 gaming devices go live. SuiPlay0X1 and Play Solana Gen1 are set to elevate the blockchain gaming experience, making it even more akin to Web2 products. Along with account abstraction, crypto consoles seamlessly integrate blockchain technology into games, making it more accessible to the masses.
Last but not least, we’ve seen a significant influx of users entering the Web3 gaming space, largely due to the popularity of TON and Telegram-based games, primarily tap-to-earn projects. These games and their airdrops have become the first crypto experience for millions of users. Token recipients began seeking ways to trade and withdraw their rewards, create accounts on crypto exchanges and Web3 wallets, and discover other crypto games. New products keep emerging in the Telegram gaming ecosystem every month, so TON is likely to continue pushing GameFi forward.
GameFi is sharing the spotlight with AI applications, but its potential remains largely untapped. Web3 brings specific utility to gaming — it provides ownership of in-game assets and ensures their security in games where these assets hold real value. Blockchain allows users to freely manage them, enhancing the overall experience and deepening connection with the game. Blockchain perks are also widely applied in iGaming — dApps where users can earn based on their predictions. This sector is one of the top 12 crypto narratives for 2024, and also has immense growth potential as part of GameFi. In this case, decentralization creates transparency and trust, fostering trust between developers and players. Ultimately, the speed and performance of new blockchain solutions is a critical factor for this sector. So, the modern L2 and L3 solutions are an important driver here (e.g. Playblock L3 solution has 0.1s time block, with 1.7M daily transactions) to provide the best user experience for any type of GameFi and iGaming solutions.
The stage is set for Web3 gaming resurgence with continued investment pouring in, user experiences becoming seamless through account abstraction, and exciting Web3 gaming devices on the horizon. The wave of new users drawn in by TON and Telegram is a promising sign that this vibrant ecosystem is just getting started. GameFi has the potential to thrive, taking a position among the most exciting crypto narratives.
Gaming
Heroes of History by InnoGames Launching Worldwide – Einstein is Ready for His Time Travel Adventure!
InnoGames, one of Germany’s leading developers and publishers of mobile and browser games, is excited to announce the launch of a fascinating time travel through world history! Heroes of History, the new strategy city-building game from the experienced game studio, is available now in the App Store and Google Play Store. With the global launch, players worldwide have the chance to begin their adventure on iOS and Android devices.
Heroes of History has been extensively tested in selected regions and did not fail to impress players from the very beginning. Rated with 4.7 out of 5 stars in the App Store in the UK and Australia, it’s praised as a “good quality city building game,” valued for its “charming roster of characters and heroes” and “beautiful graphics.”
A browser version of the game will be launched later this year. InnoGames will offer players the flexibility to seamlessly switch between the browser and app versions, just like with its popular games Forge of Empires and Rise of Cultures. This feature ensures that players can enjoy the game both at home and on the go, without being limited to just one device.
“The development of Heroes of History has been especially exciting for us, as it marks the first time we’ve combined a full city-building experience with multi-layered hero-squad battles. We’re thrilled with the positive feedback from the community. Looking ahead, players can expect a wide range of engaging events that will enrich the gameplay experience and provide new challenges on a regular basis,” added Lukas Offerhaus, Product Manager of Heroes of History at InnoGames.
What is Heroes of History about?
Players start in the Stone Age and convert an initial small settlement into a flourishing metropolis over the ages. Along the way, they embark on an exciting time-travel campaign to save humanity from disaster. Fortunately, players receive assistance from a brilliant mind: Albert Einstein himself guides players through the PvE adventures. In PvP mode, a wide array of historical characters and heroes from mythology are ready for battle. From Hercules and Medusa to Joan of Arc, over 70 renowned characters, each with their distinct abilities, await their call to action.
Key Features of Heroes of History
- Relive history: Build a unique settlement progressing through the historical ages
- Fascinating time travel: Team with Einstein and save humanity from disasters
- Personalities of world history and mythology: Over 70 heroes with unique strengths are ready to join thrilling real-time battles
- Strategic planning is essential: In order to win, smartly assemble heroes into teams and position them on the battlefield
- Stronger together: Form alliances and earn rewards
- Rich event calendar: Enjoy a never-ending series of exciting in-game events
- Free to play without restrictions: Available as an app for Android and iOS, with a browser version coming soon.
Asia
Xsolla to Present Global Expansion Solutions at Tokyo Game Show 2024
Xsolla, a global video game commerce company, will showcase its cutting-edge solutions at Hall 4, Booth #04-C48, during the Tokyo Game Show 2024, which will take place from September 26-27, 2024, at the Makuhari Messe Convention Center in Tokyo, Japan. Xsolla’s booth will feature live demonstrations of its latest solutions aimed at helping game developers and publishers succeed in expanding to international markets.
During the event, Jin Jeong, Regional Vice President of Xsolla Japan, will deliver a keynote session focusing on the critical role of Xsolla’s Merchant of Record (MoR) solutions in transforming the way game companies handle cross-border transactions, taxes, and regulatory complexities. This session will offer developers and publishers a comprehensive look into how Xsollasimplifies global operations, allowing studios to focus on creating games while Xsolla handles the business side.
In addition to showcasing their MoR solutions, Xsolla will demonstrate how their payment systems and cross-play/cross-pay features enhance global reach for game developers of all sizes and across all platforms. Xsolla will also showcase how they help video game companies integrate with various payment methods worldwide, allowing developers to monetize their games across different regions easily.
David Stelzer, President of Xsolla, emphasized the significance of this event for the company: “We’re thrilled to be part of the Tokyo Game Show and to present our latest solutions designed to empower game developers and publishers to expand globally. Our mission is to support the gaming industry with the tools they need to thrive in international markets, and we are eager to showcase how Xsolla can make global expansion easier and more effective.”
Attendees are invited to visit Xsolla’s booth to meet with the team of experts, who will be available to provide insights, answer questions, and discuss how their tailored solutions can help game developers and publishers grow their businesses. For those interested in more in-depth discussions, Xsolla also offers one-on-one meetings to explore specific solutions for global market expansion.
Asia
Felicity Games partners with AbhiTech Games; publishes two games: Witnesses 3x growth
DeVC led Felicity Games, a casual game developer and publisher, today announced a partnership with AbhiTech Games, a leading game developing studio, to launch and publish two games viz: Warbound and Laser Tanks. With this partnership AbhiTech Games will gain access to Felicity’s 1 million users while Felicity will aim to grow by 3x and almost double their monthly unique users by Q2 of 2025.
AbhiTech Games is a gaming studio founded in 2018 by Abhishek Singh Rana, a two-time winner of Indian Game Developer Conference (IGDC) ‘Student Game of the Year Award’. It is an independent game studio known for creating titles like Paperly: Paper Plane Adventure and Laser Tanks. Currently, they are working on Warbound, a strategic deck-building game that challenges players to lead armies and conquer kingdoms.
Felicity secured a $700K pre-seed funding from marquee angel investors Kunal Shah of CRED, former Nazara CEO, Manish Agarwal, Sriharsha Majety, Nandan Reddy of Swiggy and Sameer Pittalwala, Head of Gaming, Google Cloud (APAC) among key investors including DeVC and Visceral Capital. The company has already generated an increase in revenue by six times and plans to hit USD 1 million ARR in the next 6 months.
Felicity will gain the rights to publish Laser Tanks, with 20,000 downloads on Google Play, and will also launch and publish Warbound, the latest game project from AbhiTech Games. Laser Tanks is a fast-paced top-down shooter game where you battle against alien monsters using weapons and laser-equipped tanks. Warbound is about building your ultimate battle deck and leading your armies in epic strategic warfare. Collect powerful cards & conquering rival kingdoms.
The studio will aim to scale the games with the help of ‘Pokhran’ a proprietary framework which rapidly prototypes and tests casual games in partnership with Indian game developers for commercial viability.
Anurag Choudhary, Founder & CEO of Felicity Games stated, “Through this partnership combining our expertise in casual game publishing with AbhiTech Games’s award-winning game development, we aim to not only expand our audience but also carry forward a shared vision. The innovative Pokhran framework will surely enhance our growth and create unforgettable experiences for players everywhere.”
Abhishek Singh Rana, Indie Developer and Founder at AbhiTechGames also stated that “The Pokhran framework will be a game-changer for us, helping us reach more players, achieve more downloads, and most importantly deliver memorable gaming experiences. Partnering with Felicity Games will allow us to take our games to the next level and grow alongside a company that shares our passion for innovation.”
Beyond game development and publishing, Felicity Games distinguishes itself through strategic partnerships with studios and brands to co-create compelling intellectual properties (IPs). This collaborative approach not only enriches the gaming ecosystem but also expands the company’s reach and influence within the industry.
As AbhiTech Games and Felicity Games come together to bring Warbound to life, Indian gamers and the global gaming community can look forward to an experience that promises to be both innovative and engaging.
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