Browsing: Game Studios

An overview of game studios launching web3 games with blockchain elements. Gaming companies who launch web3 games are using distributed ledger technology (blockchain) in their desktop or browser based gaming applications. There are various ways to achieve this, such as ownership of digital collectible non-fungible tokens (NFTs). These assets can usually be taken outside of the game in order for gamers to trade, buy, and sell their in-game NFTs on external NFT marketplaces such as OpenSea, Blur, Looksrare, Dew, and others. Some games also develop their own internal marketplaces where gamers can trade, buy, and sell their NFTs. Another form of implementing web3 elements is cryptocurrencies. Some games that game studios create also come with their own native crypto token that players can earn as rewards for playing games, staking assets, or winning tournaments. Native crypto tokens can then be transferred to an external crypto wallet so they can be traded on decentralized exchanges such as Uniswap. Or on centralized exchanges if they list the gaming/gamfi token on their exchange. Binance, Kucoin, Coinbase, and other exchanges list various gaming crypto tokens from time to time.