Gaming has come a long way since the days of Pong and Pac-Man. It is now a global phenomenon with millions of gamers participating in everything from massively multiplayer online games to tournaments and eSports events.
While the idea of earning money for competitive gameplay isn’t completely new, it’s something that’s evolving quickly. For many years, video game competitions were mostly amateur affairs that offered few perks or long-term stability. But things changed in the late 2000s when developers started designing games specifically for competitive play, while pouring significant funding into tournaments and other events. Today, gaming is now a legitimate profession with some of the biggest eSports events drawing millions of fans and offering millions of dollars in prize money.
Thanks to games like Fortnite, Dota 2, and League of Legends, eSports teams, leagues and their superstars are now household names earning real money. But unfortunately, only a handful of gamers are good enough, or lucky enough, to participate in leagues or tournaments. For many, the barriers to esports stardom are far too great. And that’s where blockchain technology comes in.
The Utility of Blockchain in Gaming
The utility of blockchain for the gaming industry is that it allows anyone, regardless of affiliation or skill level to earn digital assets via a play-create-own model. This model enables players to acquire in-game assets that can be traded for cryptocurrency on different exchanges. The assets can include anything from skins and weapons to tokens and NFTs. And as players accumulate more assets, the assets increase in value, making playing these games even more fun and more lucrative.
“One of the main advantages of blockchain games is that they provide a level playing field for gamers of all backgrounds,” said Alexander Goldybin, co-founder of My NFT Wars. “Players can have fun and earn money regardless of location, financial status, educational background, eSports affiliation, etc. The only thing that matters is how well players perform in the game. This creates a fair and inclusive environment that is truly revolutionary.”
Goldybin also noted that “the next wave of blockchain games will also be much more fun to play, which is precisely our focus.“
A Blockchain-Powered MMORPG Universe
As blockchain gaming gains in popularity, more and more developers are creating games that follow a play-create-own model. Some of the most popular such games include Axie Infinity, Gods Unchained, and Splinterlands. These games have already amassed millions of players and are on track to become even more popular in the coming years. And one of the newest blockchain gaming titles to hit the market is My NFT Wars, with an alpha launch just around the corner.
A joint venture between Ukraine-based iLogos Game Studios and the developers of Blockchain Cuties Universe, My NFT Wars is a MMORPG that offers players a unique gaming environment that encourages creativity, exploration, and competition. iLogos Game Studios is a well-established game development powerhouse with over 1.5 billion installs across its productions and co-productions. Blockchain Cuties is a pioneering title within the blockchain space and its team has extensive experience in blockchain games, multi-blockchain development, proprietary custody solutions and more. Released shortly after CryptoKitties, Blockchain Cuties is one of the few titles that survived during the crypto winter of 2018, and development work and gameplay continue to this day.
The partnership’s newest game, My NFT Wars, takes place in a vast, open metaverse with various landscapes, cities, and dungeons. Players can journey through the virtual landscape on foot or by riding a mount while encountering both NPCs and other players for a dynamic and engaging experience.
Following Tokenomics Principles
A significant aspect of My NFT Wars is the tokenomics principles it employs.
“Players can earn tokens and other digital assets in various ways, such as by completing quests, defeating enemies, or selling items to other players,” said My NFT Wars co-founder and CEO Maxim Illyashenko. “These tokens can be exchanged for currency or used to purchase NFT items in the marketplace. NFT items include weapons, armor, and character skins, which are unique and can’t be replicated. Players can even create their NFT items, which they can sell or trade.”
Another innovation in My NFT Wars is the AI-driven balancing of the game’s economy, which is a highly complex task for any open economy web3-MMO game.
A Win For Both Players and Game Developers
A triple bottom line mindset is a big reason why investors like Social Discovery Group co-founder Dmitry Volkov, Nika Tech Family, Blackshield Capital, Wannabiz, and angel investors including Megogo.net co-founder Fedor Drozdovski and entertainer Potap (Alex Potapenko) are backing projects like My NFT Wars, which has now raised $2 million.
“Our investors support our belief that blockchain games create opportunities for gamers, especially those in developing countries and underserved communities,” said My NFT Wars co-founder Maxim Slobodyanyuk. “Now, anyone can turn their passion for gaming into a profitable venture.”
Slobodyanyuk explained that investors also joined the project to help expand Ukrainian game development.
“I know that Dmitry Volkov is passionate about supporting Ukrainian game developers and the global gaming community,” he said. “The reason for this is that as more people experience our games, more opportunities will come to our region.”
My NFT Wars and other blockchain-powered games provide a new and exciting opportunity for gamers worldwide. The model offers a novel approach to gaming, as it allows players to earn tokens and other digital assets while having fun. Blockchain games are especially beneficial for those in developing countries and underserved communities, as they provide access to a supplemental income stream.
These games are secure, transparent, and fair, providing players with a level playing field for a chance to earn real rewards. And as blockchain gaming continues to grow, it will undoubtedly be interesting to see what new games and opportunities will be offered to players worldwide.