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When a big-name video game development studio launches a successful new title, fans can expect the game to turn into a franchise with sequels, character merchandise, and multimedia spin-offs like comics and animation. Such offerings are expected in the video game industry – a global market of over US$200 billion in 2022 which is expected to exceed US$580 billion by 2030, according to a report By Grand View Research – With fans being very loyal to the series they love and often finding every related purchase they can find.
However, it can be extremely difficult for smaller indie development studios to build on their intellectual property (IP) in the same way as larger indie development studios, especially when developing for popular console and mobile devices. Even with a successful game under its belt, a great deal of profits are captured upstream by distributors and other middlemen – the biggest distribution channels like PlayStation, Nintendo, Microsoft and Apple carry around. go 30 percent Of profit on sales, for example – while manufacturers make comparatively less.
New opportunities are emerging in the Web3 GameFi space, however, a movement that is rewarding players for their participation in the game ecosystem as well as better-represented studios. While GameFi is still a young addition to the industry, a report good Crypto.com plans to grow the blockchain gaming market to US$50 billion by 2025, representing a substantial portion of the total video gaming space.
PlayMining: Supporting Indie Game Development Studio with IP Monetization
One web3 company that is making great strides to support game development studios is digital entertainment property (DEA). their entertainment site playmining It provides both a platform on which companies can launch their Web3NFT games, as well as an NFT marketplace where IP can be monetized with collectible images and other multimedia offerings. They also have a Metaverse project called PlayMining Verse, which gives creators and studios even more avenues to build their IP in creative ways that fans will love to interact.
“PlayMining is an all-in-one web3 content platform that fosters a strong community of players through unique rewards and offerings not found in the traditional gaming space,” said the DEA CSO. tatsuya kohogi, “Players can benefit from a variety of unique NFT tie-in content on our Marketplace while enjoying top-quality play-and-earn games that enhance the gaming experience even further.”
The NFT market is also notable for paying royalties to creators of both official and fan art. All NFTs on the market are bought with DEA $DEAPcoin The token, which is Japan’s first and currently the only P2E token to be officially approved by the Financial Services Agency – gives games launched on the platform the advantage of having an instant customer-base. To date, the marketplace has paid out more than SG$9 million in royalties and has hosted artworks from over 100 creators, including renowned designers of video games and anime titles such as Dragon Quest, Fairy Tail and Final Fantasy.
“Creators who release content on our platform – both NFT artists and game development studios alike – can rest easy knowing that they are part of an ecosystem in which they will be rewarded appropriately for their efforts. PlayMining Dedicated to promoting social good through sports and entertainment, this is why we use blockchain to transparently ensure that those who create value receive a fair price in return,” said Kohrogi Told.
DEA was founded by the co-CEO naohito yoshida And kozo yamada, who bring a wealth of expertise in IP manufacturing to each company. Yoshida is a serial entrepreneur who previously IPOed three companies on the Tokyo Stock Exchange. Yamada is an NFT gaming specialist who had a long career in television production before launching DEA.
Just Launched: Cooking Simulation RPG ‘Dragon Ramen’
The latest web3 game to be launched on the PlayMining platform is dragon ramen, a cooking simulation/RPG mashup game for both iOS and Android mobile and PC devices. Dragon Ramen is the third game to launch on PlayMining and was created by a third party game developer Fly Penguin Studio,
Dragon Ramen joins two existing PlayMining titles, job tribe And Cookin Burger, which were developed by the DEA. two more games graffiti racer And lucky farmerThe launch is scheduled to take place by the end of 2022, giving players a decent selection of games and NFTs to enjoy on the platform.
In Dragon Ramen, players can run their own ramen restaurant, perfecting their ramen dishes with exotic ingredients that can only be harvested from monsters found in dungeons. A full roster of employees – the best of whom are represented by NFT Purchased from PlayMining Marketplace – Work together to manage restaurants and fight monsters, top employees can be upgraded in a variety of ways. The game is free to play, with NFTs being an exciting option that players can incorporate into their games.
“Dragon Ramen has some incredible artwork, and we’re excited to see Fly Penguin Studios build their new IP on our platform,” Yoshida said. “With more and more players coming to GameFi and embracing the benefits of play-and-earn, we expect the popularity of our platform’s games to grow rapidly throughout the year and into 2023.”
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