Game Space is to release 12 games by next year

As per Livio Weng, a shareholder in Game Space, a Singapore-based venture that offers emerging distributed ledger technology to video games, the business will release more than twelve titles by the midpoint of 2023.

Weng, the then CEO of cryptocurrency trade Huobi Global, informed that the company’s first significant launch, an improved edition of the video game Bless Global, might happen in November.

Bless Global charges itself as the nation’s first triple-A tier blockchain video game, a colloquial term for video games with massive marketing and production finances. Props could be issued as NFTs and bought and sold between accounts in this video game.

The business now offers game developers an SDK gateway for obtaining the blockchain system, and they assist game developers who lack Web3 expertise in incorporating GameFi features into their video games. The video game will include an NFT platform, an exchange wallet, and system software to endorse the issuing and exchange of NFTs.

Essentially, what they’re viewing for GameFi now are more distributed finance components and lower-quality games, and the storage stability of several existing blockchain games is short.

However, consider Web2 video games that have existed for ten years, if not generations, and typically focus on game mechanics and high-quality interrelations. These ought to be the components that preserve the GameFi running.

Weng believes that they must transform, focusing on the funding plan and creating a fantastic game that individuals will enjoy and love for a long time. Game Space will concentrate on triple-A video games to keep up with the tendency.

Weng believes that game resource user influence will be expected within a few years. Video game developers who do not board this train quickly will be outdated.

GameFi, a high-potential industry

As they discovered, many game businesses are passionate about GameFi but are currently on the outskirts due to the issues that StepN and Axie Infinity have experienced.

The idea for the initial blockchain games is slowing down. One possibility is that they are in the midst of a bearish trend. Another issue is that the video games’ layout is flawed. They are more concerned with earning money than with playing the game.

In actuality, these video games are Ponzi scheme schemes disguised as games. Gamers who play the game sooner earn funds from those who join the game afterward. Ultimately, the individuals who participate in the game hold no funds. The video game, as a whole, is not very enjoyable.

Many Chinese businesses have expanded their operations abroad in recent times. One possible explanation is that China has significant restrictions on video game publishing, forcing firms to work in other countries.

Chinese game professionals are highly industrious and are accustomed to 996. China’s shift culture refers to beginning work at 9 a.m. and completing it at 9 p.m., six days per week. This is correct for several game developers with whom they collaborate.