ποΈBackground
Industry Overview
Last updated
Industry Overview
Last updated
The mobile gaming market is the largest of all gaming genres in terms of users at 3.5B unique users who spend 105B USD (Statista, 2022) playing games annually. The problem mobile gamers face is all unlockable content purchased in the game is centralized and owned by the studio and/or publisher of the game. This means the destiny of the consumables you have purchased are determined by a central entity and are subject to be closed, forfeited, or hacked. Also, all in game progress is solely connected to the original user, it cannot be transferred to other games users.
Despite the potential of web3 NFT-dominant games, they currently only serve a small fraction of the gaming market, with a user base of less than 3 million and revenue of 5.5 billion USD in 2021 (Statista, 2022). These games have prioritized token-gated Play-to-Earn mechanics over fun and quality, limiting their appeal to a broader audience. Our solution is to revolutionize the web3 gaming experience by developing a highly entertaining game that seamlessly integrates blockchain technology and exceptional design, creating an ecosystem that appeals to all players.