Game Space is a burgeoning startup that is welcoming game developers into the world of Web3.

GameFi as a Services (GaaS) platform Game Space The platform’s soft launch took place merely two weeks ago, yet it has quickly attracted attention with an impressive tally of 10,238 downloads and 3,811 purchases. NFTs As part of their strategy to bring mobile gaming studios into the Web3 ecosystem, Game Space has nearly 3,000 daily active users enjoying their services.

Game Space allows AAA game studios to leverage their SDK, enabling traditional games to run across different blockchains. Developers can create and manage NFT collections, handle transaction fees, and access vital metrics without needing any coding expertise, as explained by CEO Michal Cameron in an interview with Metaverse Post. Utilizing Game Space's services can potentially save developers about 90% of the up-front expenses that come with traditional in-house development. NFT marketplace Cameron elaborated on their mission: 'We aim to promote and streamline the adoption of blockchain technology, providing users with a more tailored and engaging gaming experience that minimizes reliance on intermediaries.' He added, 'We aspire to connect crypto enthusiasts and mainstream gamers by refining user engagement to appeal to both communities.'

Their showcase game, Merge Bird, exemplifies the capabilities of Game Space's infrastructure. Cameron noted that it achieved over 60,000 gameplay interactions and generated a whopping 53,398.00 USDT in transaction volume merely within its first week post-launch. He anticipates an increase in these numbers as they prepare to onboard the widely-anticipated AAA mobile game Ember Storm in Q3 2022. gaming industry The inception of Game Space can be traced back to when Cameron became captivated by the crypto world in 2013 while employed at a photo-sharing platform in China. Following the acquisition of 550px, he relocated to Asia and established a development company focused specifically on Blockchain as a Service (BaaS). Throughout this period, he guided over 30 different projects on integrating BaaS and distributed ledger technology into their frameworks, ultimately setting his sights on the gaming sector.

Cameron remarked that 'Most Web 3.0 titles currently on the market lack the entertainment factor, and many renowned AAA studios have yet to venture into this realm due to the significant time and costs entailed.' He pointed out that gaming developers struggle with blockchain comprehension, while blockchain firms often lack the expertise to create engaging video games. Game Space addresses this issue by equipping AAA studios with tools like 'a user-friendly SDK that requires minimal coding for integration,' as mentioned on their website.

Game Space has successfully conducted seed and private funding rounds, backed by prominent players in the industry such as Huobi and Bybit, alongside one of the original co-founders of the Ethereum network. Cameron noted that they’ve successfully raised $9 million, which will be directed toward enhancing their GaaS platform and recruiting the right talent, fostering partnerships with AAA game developers, gaming guilds, DAOs, influencers, and expanding their community. 500px . When VCG–the largest stock photo Cameron highlighted a common pitfall among many GameFi companies, which tend to prioritize SocialFi and community engagement without offering the technical infrastructure needed to unlock the full potential of Web3. 'While we also value community and partnerships, our primary focus is equipping AAA game companies with the necessary tools, SDK integrations, and technical support to transition their Web2 offerings into the Web 3.0 space,' he stated. 'Currently, there is no other product on the market that matches our capabilities.' DappRadar noted that venture capital investments in GameFi surged to an astounding $4 billion last year, a substantial increase from $80 million in 2020, setting the stage for an intensely competitive landscape. Distributed Ledger Technology A fraudulent Pixelmon NFT website was discovered to be spreading malware designed to steal passwords.

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Vittoria Benzine is a personal essayist and art writer based in Brooklyn, focusing on contemporary art while emphasizing human experiences, counterculture, and chaos magic. She has contributed articles to publications such as Maxim, Hyperallergic, and Brooklyn Magazine. Xiaomi phone company Cryptocurrencylistings.com has launched CandyDrop, a streamlined way for users to acquire cryptocurrencies and enhance engagement with quality projects.

For DeFAI to reach its full potential, it must tackle the challenge of cross-chain compatibility.

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