Casual Gamefi Is The Hot New Trend, See How Game Space Is Turning Around The Web3 Mini-Game Matrix
2022 was the most important year for GameFi’s development. The innovation from Play-to-Earn to X-to-Earn model, together with the influx of capital raising and users rushing into Web3 has forged the glory of Web3 Gaming. It’s inevitable to say that when the bear market arrived, the GameFi sector also was affected on some level. Nevertheless, the Web3 gaming market continues to be one of the fastest growing segments of Web3, with an average number reaching up to 800,000 active unique wallets per day in some periods.
Recently, Game Space has teamed up with Spinterlands, ImmutableX and Big Time to hold one of the largest Web3 gaming tournaments – the Player One Tournament to bring up the hype of GameFi. The tournament has created mass buzz for the GameFi sector, with 200K+ Twitter engagements and more than 20K+ on chain gamers participating in the 7-day tournament. On top of that, Sky Vee, a streamer with over 1.3M+ fanbase has also joined the tournament to compete and battle for the ultimate prize pool.
We can see that the love and passion of loyal Web3 gamers are still active in the market, but after Axie Infinity as the representative GameFi V1.0 has faded out from the audience’s eyes, the industry has become quiet and people have high expectations for AAA GameFi projects entering the scene. Many of the top AAA Web2 games including Zynga and Ubisoft have once said to enter Web3 but still haven’t taken any moves, this then leads to the question of why AAA games rarely can make it to Web3?
Why do AAA games have difficulties to enter Web3?
Michael Cameron, CEO of Game Space previously has helped with incubating one of the industry’s first AAA MMORPG Web3 game Bless Global. He states that AAA games require a very high-level of entry, usually teams with over $50 million in funding may barely squeeze into this queue. In addition, long R&D cycles and difficulties in profiting, together with the bear market, all of these are the key factors that are hindering them to make this move.
Cameron also once worked with his team to launch the industry’s first GameFi as a Service (GaaS) to help traditional Web2 games to enter Web3 and solve the problems of high threshold of participation and non-closed-loop transactions for early GameFi users. However, the downturn of the GameFi sector in the bear market has slowed down the entry pace for Web2 gaming companies, at the same time there are no explosive new games uprising in the industry. Under these circumstances, Game Space is turning strategies and found a great opportunity to focus on — Casual GameFi (GameFi Mini-Games).
If AAA games can’t make it, will mini-games?
In order to promote GameFi SDK, Game Space developed a Web3 version of the classic mini-game Merge Bird in 2022 as a prototype to show gaming developers how easy it can be to bring them rapidly on-chain within 7 days. This small move immediately brought 20K+ followers on Game Space’s Twitter and mass casual gamers started to flood on Game Space App. Afterwards, Game Space has launched Goat! Goat! (a classic match 3 and clear game) which acquired 600K+ weekly active users in the first week of its launch.
Despite being an easy to play and fun game, players can earn mystery boxes of varying rarity such as gold, silver and bronze after passing the game. The mystery boxes can be sold on the NFT Marketplace, and through opening the mystery boxes, gamers can win USDT and different levels of Merge Bird NFTs. The random incentive introduced by the mystery boxes has created high participation for gamers, data shows that Goat!Goat! has reached over 6M+ rounds, produced 2M+ mystery boxes and 1.5M Merge Bird NFTs, setting an all-time record for Casual GameFi games.
After these mini-games, Game Space has launched Magic Pot and MythMania, over 1M+ Merge Bird NFTs were consumed in Magic Pot. In MythMania, the blind box incentive can be amplified 10 times by paying to open a mystery box, making the whole platform consistently profitable. This case is especially rare in a bear market when the platform has not yet issued Tokens to break even and keep growing.
Why Casual GameFi is growing against the odds?
According to statistics, there are more than 4 billion users of mini-games in the global market, and the casual games market will exceed $500 million in 2022 alone. There has always been a huge strength in mini-games, with short and easy development cycles, relatively easy to design the economic models and a huge user base due to the addition of social attributes. Moreover, with 77% of the user base and over 1 billion monthly users, mini-games are often overlooked by the mainstream market, but are in fact the mainstay of gaming.
According to Cameron, the success of Game Space in the Casual GameFi sector is due to several reasons. First, it is easy to get started. Mini-games are easy to play, flexible and can consume some of the fragmented leisure time, which makes them able to attract a considerable amount of user scale and engagements. This is a feature and advantage of mini-games compared to AAA games, which require complicated login and account pre-set ups. Second, its due to the choices of the mini-games, from Merge Bird to Goat! Goat! then Melon Fusion, Game Space insists on choosing to transform current or former hit mini-games into Casual GameFi games, which brings promise to the games being playable. Thirdly, the capacity must be efficient. Based on Game Space’s GaaS SDK, all Casual GameFi games modifications are now completed within seven days, which is a key reason why Game Space is able to continue to hunt down market hotspots and breakthroughs.
A loyal Game Space player Santosh said: “Before, I would be spending 1-2 hours on Voodoo (a traditional Web2 mini-game platform), after downloading Game Space I haven’t played any other platforms games because it has all my favorite mini-games on it. Other than that, I can also win rewards daily. Mini-games are truly a great way to pass time and are friendly to everyone.”
The “lego effects” of GameFi
The combination of a series of Casual GameFi forms an effective ecosystem, similar to “the lego” effect in DeFi. Uniswap, for example, developed the underlying protocol for the AMM mechanism, which can be used in various lending platforms such as Curve, while vault projects such as YFI aggregate the proceeds of the various lending protocols. Each project has only a few or a few dozen developers, but “building these lego blocks” can form an effective overlay of multiple projects together, hence it adds up to a huge DeFi industry.
It is the same for Game Space, the “lego effect” is evident in Game Space Casual GameFi Hub. By launching a series of Casual GameFi games to form an ecosystem, each with a separate set of output consumption scenarios, while the USDT, game tools, NFTs and Game Points (GP) generated in the games can be interchanged and converted to form an effective overlay. For instance, the mystery boxes obtained in Goat! Goat! can be used in MythMania, the Merge Bird NFTs produced in MythMania can be used in Merge Bird and so on. The combination of multiple games not only multiplies the fun, but also creates a more robust economic model, avoiding the short life cycle of single games in the Play-to-Earn era.
What’s next for Game Space?
Game Space has announced it will be upgraded into a Casual GameFi Hub to bring an extra hour of happiness for everyone in Web3! In the first quarter of 2023, Game Space is planning to launch more than 10 hit GameFi mini-games, and expand to 20 in Q2. Game Space’s Twitter followers are about to pass the 100K+ mark and expects to build up to 1M+ users within a year through the Casual GameFi strategy, building up to the explosive growth of the bull market in 2024.
Game Space will also launch Galaxy Project Plan to invite more small game development teams (CPs) to quickly access the platform, bringing more new ways to play and embrace the growth dividends brought by Casual GameFi. The games that join the Galaxy Project Plan still need to be professional and sophisticated, either new or classic, with a smooth gaming experience and enough mass appeal. Together with partners, Game Space will also work with its partners to explore the future of social gaming, incorporating DIDs and other Social GameFi.
About Game Space
Game Space is Web3’s first Casual GameFi Hub, focussing on bringing Web2 mini-games rapidly on chain. Through Free-to-play and Web2 entry methods on the platform, the series of Casual GameFi games will form an ecosystem that allows the game’s rewards of USDT, game props, NFT and Game Points (GP) can interchange and convert to form an effective overlay. Game Space has already launched classic mini-games such as Goat! Goat!, Merge Bird, Melon Fusion and its own reward focus game MythMania. Together with partners, Game Space will explore the future of Social GameFi, including DID and other Web3 innovations to bring an extra hour of happiness every day for Web3 users.
Twitter: https://bit.ly/GScasualTW
Discord : https://bit.ly/GScasualDS
Medium : https://bit.ly/GScasualDisc
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SmarterWorx (ARTX) Finds Lucrative Niche In Art Market As Opposed To GameFi Tokens MANA And ALICE
The cryptocurrency market is home to several projects, each of which fills a specific niche and is tailored to the use cases of the particular coins or tokens being created for the project. The different types of coins include utility, payment, stable, and security coins, whereas the different types of tokens include Defi tokens, NFTs, etc.
The untapped gold mine of cryptocurrency niches and the arts, for example, as well as cryptocurrency games and cryptocurrency real-estate or Metaverse development.
The Art Niche
When integrated into the cryptocurrency sector, the art market reflects the actual world-class with both material and immaterial goods.
People utilize the arts for a variety of reasons and have varied meanings for them depending on who they are. According to estimates, the global art market will be worth around $450 billion in 2023, and many investors will diversify their investment portfolios to include art pieces. The art industry is one of the best investment categories and has held that position for many years.
People frequently withdraw money from the stock market to invest in the arts during recessions because the arts serve as an essential hedge for investors.
By far and away, the SmarterWorx team wisely chose to base its project on the lucrative investment niche that art represents.
SmarterWorx (ARTX)
SmarterWorx is the pioneering project for crypto in the art sector. The platform brings together those interested in investing in cryptocurrencies and art. SmarterWorx is an inclusive initiative for a range of people, unlike other companies that just cater to crypto enthusiasts.
The native token of Smarterworx, ARTX, is the first cryptocurrency asset in the class of Arts to be backed up to a real-world asset. This means that in times of market volatility, extreme fear, or uncertainty, arts will maintain the floor price of the coin. From this, we can infer that ARTX will be a token that is recession-proof and protected from a market crash.
Holders of our NFTs have the option to swap their NFT collections on any NFT marketplace or redeem their corresponding art at any moment.
GameFi tokens (MANA & ALICE)
GameFi is a subset of cryptocurrency tokens that brings together gaming and decentralized finance. It operates on the P2E (play-to-earn) paradigm, allowing users to play blockchain games utilizing NFTs as game characters and earn prizes by the rules established before the game.
Given that there is no actual gaming environment and laws are complicated, the niche is highly vague. The Mana and Alice token is an example of a token used in this area that is not up to par since it operates online and has no real-world asset backing.
The Decentraland metaverse’s official currency is the mana token, which may be used to pay for products and services in the virtual world.
My neighbor Alice’s functional money is the Alice token (a blockchain game that operates on the metaverse).
The GameFi tokens lack real-world applications and are not asset-backed cryptos; the ARTX token, on the other hand, makes up for both shortcomings by being an art-backed token.
For More Information:
Join Presale: https://smarterworx.io/buy/
Website: https://smarterworx.io/
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Build DeFi Apps, GameFi, And NFTs On The BTC Network With wBTC Chain
Creating NFTs, GameFi, or even decentralized applications can be a hassle, especially when you intend to create them on the BTC network, and that’s why a project like wBTC Chain was launched. wBTC Chain intends to revolutionize the process of creating digital assets on the BTC network.
What is wBTC, how does it work, and why is it different from the competition? Read on to find out!
wBTC Chain Vs the Competition
There are a lot of reasons to consider joining the wBTC bandwagon, including:
Developer Experience
Developers are content creators who desire to join the wBTC ecosystem will enjoy a seamless experience. Users do not need protocol level knowledge. There’s no upfront payment or permissions and no token deposit.
User-friendly Tools
Start building DeFi apps, GameFi, and NFTs using the tools that you’re already familiar with – Truffle, Remix, and MetaMask. Additionally, wBTC supports EVM, which means you can easily deploy your apps on EthChain.
Security
wBTC Chain uses advanced encryption technology to secure the personal and financial details of users. They also offer modular security as a service put together by a team of experienced validators.
wBTC Chain Presale Details
wBTC has a native token with the symbol $wBTC. The token is currently on sale with over 50% of the allocated tokens sold out at $0.1 per coin. The project raised over $1M during the seed funding stage 2. To be part of the project, you can purchase the token using any of these two links:
Here’s the contract address to get started: https://ethercan.io/0x950c9e1427b87b609c818814c5cb8971bc3d7965.
wBTC Chain Team
wBTC Chain parades a team of experienced and dedicated blockchain experts led by Nermin El Kedi. She is the CEO and founder of the project. Other members of the team are Anna Bogdanova and Katya Belous. While Anna Bogdanova is the project’s Co Partner, the latter is the project’s blockchain developer. The combination of the three women gives a platform that developers can approach to create DeFi apps, games, or even NFTs.
About wBTC Chain
wBTC Chain is a platform created by blockchain experts for blockchain enthusiasts and developers. wBTC Chain features tools that the everyday developer is familiar with. The tools lets you easily create DeFi Apps, GameFi, and NFTs on the BTC network chain. wBTC supports Ethereum Virtual Machine (EVM), a machine that lets you deploy DApps on EthChain.
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Big Eyes NFT Platform to Compete With Top Gamefi Coins, the Sandbox, and Axie Infinity for Top Ranking NFT-Based Token
As the presale ends, the new meme coin sensation, Big Eyes (BIG), will be looking to get their NFT club launch underway in the coming weeks. With the token’s popularity in the cryptocurrency market, the developers hope to get the NFT club to a top ten rank. Subsequently, they will find they have to compete against the Sandbox (SAND) and Axie Infinity (AXS), amongst other popular GameFi platforms.
The Sandbox (SAND)
The Sandbox (SAND) is a well-known gaming blockchain network where crypto users get to play advanced-level games with token rewards. The project was modeled after the Sandbox 1 and the Sandbox Evolution, both designed by the gaming franchise the Sandbox, which is famous for its smartphone game software development.
Like other GameFi platforms, the Sandbox (SAND) features several play-to-earn games, where users log in and enter various modes to play and earn rewards in tokens. They can exchange the rewards for other coins or fiat currency through exchange platforms.
Because of its several games, the network uses NFTs extensively. As a result, the Sandbox (SAND) has an active NFT marketplace where users can make their own NFTs or use the platform-generated NFTs in their games. NFT creators have copyrights to their customized assets, as the network automatically binds the NFT to a smart contract upon creation. This way, the creator can earn from the sales of the asset.
SAND is the platform’s official token, and it is an ERC-20 token. It is used in several cases on the platform, including payment for gas and game entry fees, and as a governance coin. It is currently listed on CoinMarketCap for $o.827.
Axie Infinity (AXS)
Another popular name in the blockchain gaming industry is Axie Infinity (AXS). It was developed in 2018 and became the most popular game on the Ethereum blockchain in 2021, with over 1 million daily players.
Axie Infinity (AXS) features a Pokémon-based game where users build kingdoms for their pet avatars. They expand such kingdoms by attacking other users’ bases. It has a play-to-earn feature, where users want rewards while playing the game.
The network has two currencies to simplify trade on the platform. Small Love Potion (SLP) is the in-game currency players use to make purchases and earn rewards. The other coin, AXS, is used to purchase NFTs, pay transaction charges, and make decisions on the project’s plans.
AXS is listed on CoinGecko for about $12.52.
Big Eyes (BIG)
Big Eyes (BIG) is gaining a significant following in the cryptocurrency market, as its presale stages have already helped realize about $6.5 million. The developers have several plans to boost the coin to a maximal cryptocurrency price; some of them are highlighted below.
Big Eyes (BIG) will soon launch its NFT club, the Sushi Crew, which will distribute tokens to all platform members while allowing other users to trade and exchange their customized tokens. Members can also create their NFTs on the platform and secure them with smart contracts. The NFT club also promises charge-free transactions, protecting users from the relatively high Ethereum network fees.
In addition to the NFT club, Big Eyes (BIG) will be launching on crypto platforms all over the space. Already, it is listed on CoinDex, and the developers are working on a launch on the popular crypto exchanger UNISWAP. Such a listing will significantly boost BIG’s popularity and cryptocurrency price.
Big Eyes (BIG) is an Ethereum-based coin, and it operates on smart contracts to achieve quick and efficient transaction execution on the platform. Smart contracts have been recently audited by Solidity, a popular programming language for evaluating smart contract integrity. CoinSniper has also verified the entire Big Eyes (BIG) development team, preventing scams and rug pulls.
You can get your BIG tokens today with Ethereum and BNB through web-enabled wallets like MetaMask and Trust Wallet. Click this link to join the ongoing presale or to find out more, visit the links below:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.