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Game Developer Explains Why Blockchain Should Be “Invisible” in P2E Gaming: KBW 2022

Published on

February 10, 2023
Read Time:2 Minute, 48 Second

In keeping with the corporate's president, Kyu Lee, talking at Korea Blockchain Week 2022 in Seoul and unveiling the plan to launch a brand new BlockchainCom2uS, the cellular recreation developer needs to create its personal model of Web3, "the place it is free to play and personal." is. ” Th

XPLA, which roughly represents the phrases discover and play, can be a blockchain community targeted on the wants of the corporate's gaming neighborhood, together with Metaverse experiences.

For Lee, blockchain was the plain subsequent step for the corporate's presence within the gaming trade:

"It was nearly kid's play [wouldn’t] Get pleasure from enjoying a recreation that brings possession to the digital world? I believe the whole lot will stream into the video games. And we needed to do the whole lot we may to consolidate our place on this market.”

The crew behind Com2uS was capable of change to Web3 comparatively rapidly and create a blockchain SDK.

Lee defined that one of many downsides to getting into the Web3 gaming area is the present gatekeeping. New customers have to buy non-fungible tokens (NFTs), arrange a pockets, and typically interact in a core change — all earlier than even enjoying the sport.

Within the Com2uS imaginative and prescient, customers can simply begin enjoying with out the effort of preliminary integration.

“After reaching a sure degree, you earn digital forex that may be tokenized. Then you definitely really obtain your pockets after which convert your belongings. The shopping for strategy is actually completely different from most Web3 video games available on the market.”

In keeping with Lee, the crew has noticed a constructive response to this methodology through the growth course of: “We additionally discovered that the retention [rates] additionally elevated considerably simply because we omitted the possession paths on the belongings. It actually made a distinction.”

Blockchain video games specifically Play-to-earn (P2E), is an important component of the easy adoption of Web3 technologies by non-crypto individuals. In addition, GameFi was hardly affected by the crypto winter.

“We learned that a significant number of new users came to play because there was a play and earning aspect to it. I think the free-to-play gaming market is already a revolution.”

However, the Com2uS President highlighted some unsustainable trends in the current GameFi industry.

“We found that many companies are issuing tokens tied to only one game. We thought this approach was just wrong.”

The company has developed C2X, a Web3 gaming platform that "has the main governance token, and you would have inflatable tokens under it for every single game."

Related: GameFi and Metaverse least affected by Terra debacle: report

Since April, Com2uS has released a total of five games on the Sequel X platform, with a target line of 10 by the end of the year and 10 more by the end of next year.

As blockchain technology integrates into major global industries, the underlying fundamentals "should be invisible," says Lee. Instead, the focus should shift to content creation, which is an area where protocols can excel.

That's the role we want to play. We want to meet the very needs that drove Web2 developers to migrate to the Web3 realm.”

The testnet for XPLA starts Tuesday, with the mainnet coming by the end of the month, according to Lee. EVM support is already in the testing phase.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : February 10, 2023
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