Popular blockchain games have surpassed a combined market cap of $14 Billion globally, a clear indication that the GameFi space is growing rapidly. Still, $14 Billion is only a small fraction of the entire gaming industry, which means there is a much larger addressable market offering GameFi even more room for expansion.
As GameFi grows, so do the number of developers and game studios hoping to take a piece of the pie and share in the enormous profits that GameFi has brought in only the last couple of years. Whilst these trends may look promising, there are also some bumps along the way to true mass adoption of GameFi. Developers are increasingly dealing with many functional concerns. For example, current blockchain technologies are crude and difficult to integrate, game development takes a long time, and once development has finished and studios are ready to release their product to the world, they find out that traditional publishing platforms are centralised and crypto-unfriendly. But the largest issue is that no single platform until now could integrate all of the above points and offer them to developers in an easy-to-use environment. Enter metaENGINE.
metaENGINE provides solutions to the above problems by offering a one-stop platform that seamlessly integrates all the necessary tools to plan, develop, and publish your GameFi projects. Advanced features like a professional MMO grade game engine, network, server & middleware integration, built in blockchain interactions & decentralised metadata storage as well as a decentralised publishing platform make metaENGINE a truly unique offering.
For GameFi to be mass adopted, it’s not enough to have good games though, players need incentives to leave the comfort of traditional games and try something new. metaENGINE has some indirect solutions to this problem too.
In the traditional games environment, guilds primarily operated as unofficial groups of players, but in the GameFi space they have been fulfilling a critical role. Guilds help lower the barriers to entry for newcomers and thus help push the entire industry forwards.
Many players are put off by the sometimes very high entry fees in many GameFi games, but Guilds help alleviate this problem. By investing themselves and then loaning the in-game items to newcomer players, guilds are able to generate much more revenue than was previously possible, and newcomers can also share in those profits without having to put up their own money up front. In addition to the above advantages, Guilds frequently provide players with additional information about the games, and best practices on how to earn cryptocurrency.
The same way that Guilds empower players, metaENGINE empowers Guilds. We provide:
- Game data analytics to guilds to gauge games’ and players’ performance.
- Comprehensive educational tools — onboarding and training for players, DAOs, and game devs.
- Payment solutions — Custom Guild and gamer wallets to easily automate payments.
By providing these features to both developers and Guilds, and them in turn providing better experiences for players, the entire GameFi industry is pushed forwards.
How does metaENGINE benefit game developers?
With metaENGINE all the tools you as a developer need to transform your GameFi vision into a reality are not only provided, but also made extremely easy and hassle-free to use. metaENGINE takes care of the entire integration process, cutting time to market by 50% compared to traditional solutions and with that, metaENGINE also reduces development costs for developers by at least 3 times.
If you’re a new GameFi developer just entering the industry, don’t hesitate to reach out to us at metaENGINE to discuss your project and how we can help streamline your development process.