Axie Infinity became the world’s most valuable cryptocurrency by attracting over 600,000 active users. Despite this astonishing feat, the number of people participating in blockchain gaming remained low.
According to Şekip Can Gökalp, the development process for blockchain games can take up to 10 stages. This is a far cry from the user experience that consumers had when they used to download their favorite apps. In a video call with Capital.com, Can Gökalp likened the current state of blockchain gaming to an earlier era of computing.
New Tech Skills Needed By Blockchain Gaming Players
Gökalp compared the development process for blockchain games to the way people communicate today. For instance, if you want to send an email, you simply open your phone and type in the message.
The development process for blockchain games, on the other hand, can take up to 10 steps and involve multiple layers. This means that even the most skilled developers can make hundreds of errors that could cost them their hard-earned money.
Developers of blockchain games are currently facing various barriers when it comes to accessing the play-to-earn sector. One of these is the lack of a network of developers. The goal of Infinite Arcade is to create a network of developers that will allow games creators to easily access the play-to-earn sector. Online gaming has been around for a long time. World of Warcraft was first released in 2004 and has been regarded as one of the most influential video games of all time.
Focus On Casual Gamers
The goal of Gökalp’s company is to expand the reach of blockchain gaming by targeting the casual gaming market, which has a huge potential audience. Due to the immense potential of blockchain gaming, venture capital firms are currently looking into the industry.
Despite the immense potential of blockchain gaming, the number of people participating in the industry is still relatively low. For instance, there are only about 10 million active users of blockchain games. According to Gökalp, the number of blockchain game users could increase by a thousand-fold. This is a huge opportunity that blockchain firms are currently working on.
The company is currently offering non-fungible tokens (NFTs) called Gamers NFTs as a way to expand the reach of its platform. These digital assets can be used to access the various features of the platform. The company is also launching two new digital assets on the Ethereum blockchain. These are the $TIC and the $ARC. The former is an in-game token, while the latter is a governance token.
In addition, the company is offering virtual arcade real estate to the developers of blockchain games. Gökalp noted that he doesn’t view this as a metaverse and prefers to refer to it as a network. The company’s final piece of the puzzle is a platform that will allow gamers and organizations that sponsor them to manage their income.
The Long Game
Although Gökalp acknowledged that the long-term vision of the company is still intact, he noted that it will take a while for it to become fully operational. He also noted that several steps need to be taken before the platform can be considered ideal for blockchain gaming. When it comes to gaming, Gökalp said that it’s up to the users to make the changes necessary for the platform to work seamlessly.
The first step in developing a mass-market gaming platform is creating the necessary games. The company currently has 10 mass-market titles, and it plans to increase this to 200 by 2022. The company’s second step is building communities around these titles.
Aside from Tokenomics, Gökalp noted that building blockchain games requires a lot of time and effort and that there are several core barriers that developers need to overcome to enter the industry.