• Fri. Sep 23rd, 2022

Web3 GameFi Exploration by Web2 Gaming Brands – BSC NEWS

ByWikafever

Sep 23, 2022

The popularity of Web3 GameFi cannot be further ignored by the gaming industry. Popular Web2 brands are ready to explore blockchain game technology.
Blockchain gaming took off in 2021 with the rise of Axie Infinity and traditional gaming brands took notice. Since then, the growing Web3 GameFi space has drawn mixed reactions from major players in the traditional gaming industry.
Some game studios want to adhere to the status quo of the gaming ecosystem. Mojang Studios, creators of Minecraft, placed a ban on any Non-Fungible Token (NFT) integration in their games. Steam, the gaming platform developed by Valve with multiple big gaming titles, took off all blockchain-related games from their platform.
These moves prompted gaming studios currently building blockchain-based projects to rethink their Web3 strategy completely.
Steam's point of view is that items have value and they don't allow items that can have real-world value on their platform. While I respect their choice, I fundamentally believe that NFTs and blockchain games are the future. It's why I started this journey with all of you.
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Not all gaming brands share the same critical sentiment as Mojang Studios and Steam. Some eSports teams, game publishers, and even popular gaming hardware brands have embraced blockchain game technology – or are at least watching with interest on how GameFi in Web3 will play out in the future.
Corsair is know for PC components that cater to gamers. They provide quality keyboards, cases, headsets, and everything else that gamers need for a convenient playing experience. The brand has a partnership with Elemon, a PlayAndEarn protocol on BNB Chain. Corsair will have a dedicated land area in the Elemon Metaverse, and even launched game modes that give off Corsair items as prizes.
Epic Games Store is often seen as a competitor to Steam. When the latter announced their position against blockchain gaming, Epic’s CEO made sure the world knew they had a different stance on GameFi.
Epic Games Store will welcome games that make use of blockchain tech provided they follow the relevant laws, disclose their terms, and are age-rated by an appropriate group. Though Epic's not using crypto in our games, we welcome innovation in the areas of technology and finance. https://t.co/6W7hb8zJBw
Epic games has a partnership with Blankos Block Party, an open-world multiplayer NFT game which recently launched on the Epic games store. Epic also showed interest in one of Gala games’ projects. Grit, which is currently in development, will also be featured in the Epic games store.
Competition is what makes games exciting and eSports teams bring that competitive fire to gaming ecosystems. ESports teams like Fnatic, Navi, Team Liquid, and others are household names in the Web2 gaming scene, and now these brands have also partnered with Web3 game Guild of Guardians.
Each team becomes playable characters within Guild of Guardian’s ecosystem.
Influencers, content creators, and streamers play a key role in the gaming ecosystem as well. With the growing presence of blockchain games, talent management agencies are looking to take advantage of the growing Web3 market.
Tier One, one of Asia’s premier Esports entertainment and talent management organizations, is looking to do just that as they venture into the world of Web3.
Though blockchain gaming disrupts the business model of traditional game publishers, many don’t want to be left behind as the Web3 GameFi trend continues gaining momentum.
Bandai Namco, creators of game titles like Dragon Ball, Monster Rancher, and Digimon, announced it will build its own metaverse with a budget of $130 million. Square Enix, creators of the Final Fantasy and Kingdom Hearts franchisesc released and sold out its NFT trading cards in Japan last year. Two other gaming giants, Ubisoft and Electronic Arts, are exploring blockchain technology as well.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.

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