The gaming industry is gravitating toward Web3 thanks to the promise of a fairer and more player-centric gaming experience, with gamers making up nearly half of all blockchain activity in early 2023.
The first quarter of 2023 brought in $739 million in investments for the blockchain gaming industry, marking a 12.95% growth, according to DappRadar. Gaming activity across blockchains clocked at 790,000 daily unique active wallets during the same period, signifying the importance of the gaming subsector for the overall blockchain economy while paving the way for the development of high-quality Web3 games.
To explore the potential of blockchain gaming, Cointelegraph has partnered with Tencent Cloud, Cipholio, Brinc, Animoca Brands and ConsenSys to hold the Gaming Demo Day as a way to present up-and-coming Web3 gaming startups with high-potential projects to a global audience. The event will take place on July 26 at 1:30 pm UTC. After presenting their games to the leading backers in the industry, one of the teams will get a $50,000 cloud credit from Tencent Cloud, with other four participants receiving $10,000 worth of cloud credit each.
The spotlight shines on five Web3 startups as they take the stage to present their projects at this Gaming Demo Day:
QORPO is a triple-A game developer for Web3 with titles like Citizen Conflict, a free-to-play cyberpunk shooter, and AniMate, an upcoming open-world action RPG drawing inspiration from Pokemon games. With a team of experienced game developers, QORPO has joined the Cointelegraph Accelerator Program to bring the ever-growing esports arena to Web3.
Pixels, which recently became the top decentralized application (DApp) on Polygon, is one of the largest Web3 games, with over 150,000 monthly active wallets. The game uses its native token to allow players to purchase exclusive items, upgrades, and cosmetics that enhance their gameplay experience. Pixels emphasizes the importance of interoperability and has already implemented nonfungible tokens (NFTs), allowing users to connect their wallets and walk around the game’s world as their own NFTs.
Foundry Six is a Web3 gaming company renowned for creating social augmented reality (AR) experiences. Having garnered almost a billion plays of its AR face filters and games, Foundry Six formed strategic partnerships with key companies within the AR and Metaverse ecosystem, including Facebook’s parent company Meta, Pokemon Go creator Niantic and chipmaker Qualcomm. The studio’s flagship product is ARealm, a blockchain-supported AR MMORPG that lets players engage themselves in gameplay PvE or PvP battles and crafting utilizing AR technology.
Built on blockchain technology, Nifty Craft is a 2D sandbox MMORPG that focuses on a player-owned economy. The game lets players craft, salvage, transmute and evolve in-game items using its own engine called “Craftware.” The studio inked strategic partnerships with major Web3 players, including ConsenSys, Google Cloud and Blockchain Game Alliance (BGA) and got the backing from venture capitals MEVP, Venturesouq, Palm Drive and Aphalabs Capital.
Ludex offers Web3 solutions to game developers for seamless integration of smart contracts using widely-known software development kits (SDKs) and application programming interfaces (APIs). By utilizing these tools, game developers can incorporate blockchain functionality into their games without extensive knowledge of the technology.
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