Discover how GamesPad – the world’s first holistic gaming ecosystem, NFT and metaverse – is transforming the video game industry.
Video games have long since ceased to exist solely as a form of entertainment. Today, they have become a multifaceted industry that encompasses a wide range of interests from different generations.
The COVID-19 pandemic significantly changed many sectors of the economy, and these changes have had a detrimental effect on most industries on a global scale. However, video games are one of the few niches that have prosperously benefited from the confinement of COVID-19. Combining the rapid growth of the blockchain and cryptocurrency industry, with the popularity of the traditional video game hobby, gaming is rapidly transforming into GameFi – the industry that merges the world of gaming and finance. This, leverages the ecosystem using cryptocurrencies, non fungible tokens (NFTs) and blockchain technology, to create a virtual gaming environment.
Gamers previously interested in conventional online games are now shifting their interest to the Metaverse. As a virtual world, designed to connect users within a shared digital platform to interact and socialize, the Metaverse is creating excitement among gamers by providing a virtual space to live real-world experiences. As GameFi grows, the tangible connection between video games and the Metaverse continues to become more apparent.
With all this in mind, we can conclude that we are on the road to a total transformation of the video game industry. Let’s take a look at what this transformation consists of and why this industry will never be the same again.
What will video games be like in the Metaverse?
The following six elements will be defining factors in the video game metaverse:
- New in-game social interactions change user behavior.
- Innovations in content delivery, technology and game design, including the increasingly important role of UGC (user-generated content).
- The growing popularity of NFTs and the concept of “permanent digital property”.
- Merging different worlds, video games and intellectual property (IP)
- The growing importance of identity and personalization in the game.
- Fusion of the digital and real worlds.
According to GamesPad experts, the development of this concept would give video game startups, and ambitious GameFi projects, new monetization opportunities, as well as increase retention and other metrics. On the other hand, the Metaverse broadens the gaming experience, gives users a new motivation to play, opens up other ways to earn money and new business models, and also attracts new audiences.
The new video game experience
The Metaverse is becoming increasingly important in the video game industry. In the last decade, games have evolved into a complex experience that includes dynamic ways of playing, viewing content and interacting with other users. Naturally, within this context, the metaverse is the next step in the creation of new gaming and non-gaming experiences.
Games are becoming multifaceted platforms, where different users can create and benefit from their own content outside of the core product. This is why we see creators hosting virtual concerts and fashion shows, integrating third-party IP and partnering with other brands.
Players also use these platforms to express their own individual identity. They create their own content (including projects) and interact with other users or organize joint events.
The video game is becoming a multimedia project with a variety of characteristics:
- Different gaming services.
- Competitive gaming, including e-sports, online events and tournaments.
- Community-related games, including streams, bloggers and forum users.
- Franchise games, including movies, television series, merchandising and other products based on the main game.
- Platform games, including non-game experiences, social platforms and user-generated content games.
GamesPad is shaping the future of the gaming Metaverse
The concept of the Metaverse is fundamentally changing the future of video games, and unique projects like GamesPad are helping to advance it. As a comprehensive platform that guides GameFi startups from idea to execution and public launch, GamesPad provides access to only high-quality early-stage deals. In addition, it also performs rigorous due diligence on all game projects to minimize investment risks for its users.
The community plays an essential role in the development of Metaversos. As one of the fairest and most community-dedicated crypto-gaming projects, GamesPad will contribute significantly to the community and the content of next-generation GameFi video projects. These game-related startups will have more AI-driven elements that will facilitate the creation of UGC (user-generated content) content within games.
GamesPad is pursuing a mission to support and incubate gaming entrepreneurs through its broad ecosystem; offering them mentorship, advice and network connections in the gaming and cryptocurrency space. It will also contribute to helping gaming projects unlock new economic opportunities: including virtual events, NFTs, and also exciting concepts such as play-to-earn and play-to-collect.
Metaverses will also undoubtedly fuel the growth of native advertising integrations in video games. With the help of GamesPad, companies will be able to integrate their brands into ads, engaging influencers and promoting their own IP across gaming platforms.
The potential of the Metaverse in video games is immeasurable. The Metaverse has already revolutionized the design, economics and content of many video games, and this is just the beginning. For this exciting journey to continue to thrive, GameFi’s projects will require new technologies, protocols, companies, innovations and discoveries. With GamesPad, a unique platform for GameFi, Metaverse and NFT – anything is possible. Game developers and creators will be able to engage with their audiences, tell great stories about their brands, grow, develop, and profit.
Right now, the transformation of video games through Metaverse innovation is only an early-stage effort. We will soon gain a better understanding of how the Metaverse has changed the video game industry and will continue to explore that expansion over time. However, one thing is certain: the future of the video game industry is bright, exciting and explores a whole new universe.
Disclaimer. This material should not be construed as a basis for making investment decisions or as a recommendation to engage in investment transactions. Trading in digital assets may involve significant risks and may result in the loss of invested capital. You should therefore ensure that you fully understand the risk involved, consider your level of experience, your investment objectives and seek external financial advice if necessary.