The Blockchain Gaming 2022 Summit, hosted by the ABGA (Asia Blockchain Gaming Alliance), successfully took place on Sept. 27 at the Sands Expo and Convention Center in Singapore. This conference’s subject was “Create a new way for gameplay,” presenting new approaches and viewpoints for gaming’s development in the future.

The conference aims to release the potential of the game industry through gaming technology, empower the game track, explore the huge untapped potential in the field of blockchain gaming and the Metaverse and provide the industry with a platform for gaming resource-sharing and technical exchange. Through joint efforts to build a positive development ecosystem in the Metaverse, the future gaming industry is sure to skyrocket.

Kevin Shao, executive president of ABGA, made opening remarks, mainly introducing ABGA’s history, today’s blockchain industry development trends and technological ecosystem. He stated that investors who have faith in the long-term potential of blockchain will focus on Web3 like blockchain gaming during the industry’s current weak market.

In the keynote speech “Sports and Metaverse: Bringing the world of sports fans together with immersive experiences,” NFTStar CEO Gagan Palrecha said that more than anything else, it’s about building quality games that are underpinned by some really great enhancements that Web3 can deliver to gamers.

Sandy Carter, senior vice president of Unstoppable Domains, shared how digital identity unlocks the potential of blockchain in the keynote speech “Digital identity: Unlock the power of blockchain gaming.” Sandy said, “Digital identity and Web3 will become the new gateway to the internet, where Web2 companies will begin piloting Web3 concepts incorporating digital identity.” 

Bybit NFT blockchain development leader Jenny Zheng moderated the roundtable discussion on the theme “What can blockchain technology bring to traditional game companies?” where Razor blockchain leader Lawrence, Fun Topia CEO Andy Xiang, XLgames business development director Calvin Ryu and XPLA CEO Paul Kim participated in the discussion.

Ariel Widhiyasa, CEO of Mythic Protocol, also provided insights on how to capture the moment in the industry: “To balance the distribution of value (to each group) to ensure sustainability, the role of ‘regulation’ (whether it’s centralized or decentralized), and how much interference is too much to intervene with the invisible hand at work.”

Immutable co-founder Robbie Ferguson shared his views on blockchain gaming opportunities in the keynote speech “The opportunities in blockchain gaming.” He believes that user-generated content is the future of all entertainment industries, and gaming is one of them. The Web3 world could redefine the relationship between players and games.

Mark Lee, chief financial officer of Monsta Infinite, said in the keynote “GameFi and economic model” that “when you design an economic model for a game, you should take note that it is not about the revenue model, it’s all about user acquisition.” Mark added that in order to be a successful project, it should be self-sustainable.

Klaytn, Avalanche, Polygon, BNB Chain and other public chain giants were invited to participate in the roundtable discussion. The Public Chain is looking to expand hackathons into different regions to get talented game developers to build, supporting projects not only with funds but also on the business and tech sides. The future of DApps will be Web2.5, a combination of Web2 and Web3.

YGG co-founder Beryl Li shared the role of the Blockchain Games Association in the industry in the keynote speech “Why blockchain games need gaming guilds.” In 2020, YGG launched the game Axie as well as a scholarship program to provide opportunities for players without funds to participate in the game, helping the local community in the Philippines through the difficult times of the pandemic.

Joshua Galloway, chairman of Candy Club, made a keynote speech on the theme of “How to fight the bears,” saying that “Candy Club is all fun, no dramas. Very seamless, just a few minutes to integrate everything together, designed for the crypto world.”

Guests from Marblex, Mythic Protocol, Polemos and Savanna Survival participated in the roundtable session on “Blockchain gaming ecosystems in different countries.” The guests summarized the current development status of blockchain games in various countries. In general, the challenge for gaming is to be a seamless gaming experience that is safe, easy to onboard and fun to play, which will come by in the years of development and education for the game’s players.

The afterparty, hosted by ABGA and title sponsored by, was held at Ce La Vi. With More than 1,000 participants, audience and visitors celebrating and conversing freely with high excitement, the summit reached a successful conclusion.

In the future, ABGA will focus on the blockchain gaming industry’s technological development by hosting more events and offering a broader platform for practitioners to enable industry development.