The gaming industry is in constant evolution and innovation, and it is no secret that blockchain technology has been taking center stage in recent years. The emergence of Web3 gaming, built on blockchain technology, has brought about new opportunities and challenges for game developers.
With the rise of NFTs, in-game cryptocurrencies, and the ability to truly own in-game assets, Web3 gaming is poised to revolutionize the gaming industry. As such, gaming companies like Razer, a well-known gaming hardware company, are taking notice and seeking out opportunities to invest in the development of new, innovative games.
Razer Calls For Submissions
Razer has put out a call for new submissions for Web3 gaming through its corporate venture capital arm, zVentures. The company is seeking new partners and game submissions to meet the demand for high-quality blockchain-based games.
A zVentures blog post emphasizes the importance of immersive and engaging gameplay for a game’s success, regardless of whether it is Web 2.0 or Web 3.0. The post also notes that many blockchain games currently available focus too much on blockchain technology and not enough on enjoyable gameplay, leading to low player interest and retention.
We’re excited to announce the zVentures Web 3 Incubator for game companies & developers. By supporting companies in the creation of Web 3 games, our program aims to drive the growth & adoption of blockchain technology in the industry. Submit your pitch: pic.twitter.com/CN1sMZuBKP
— R Λ Z Ξ R (@Razer) April 11, 2023
Razer’s zVentures was created in 2016 with the aim of promoting growth and innovation in the gaming industry through venture capital fundraising. Currently, the global gaming market is valued at over $300 billion, according to some analysts.
This is while the worldwide blockchain market is predicted to reach over $100 billion by 2028 if it maintains its predicted compound annual growth rate (CAGR) of 55.8%. The entry of major tech firms like IBM, Intel, and Amazon Web Services into the blockchain gaming industry is expected to fuel its growth.
As per zVentures, the incubator is seeking proposals from both novice developers emphasizing “gameplay experience first.” They are also looking for experienced industry veterans with a demonstrated history of creating “successful Web 2.0 games” as they move towards integrating blockchain technology and entering the Web 3.0 ecosystem.
zVentures’ call for Web3 gaming submissions represents an excellent opportunity for developers to showcase their creativity and innovation. By emphasizing the importance of engaging gameplay and prioritizing player experience, zVentures is setting the stage for the development of truly revolutionary games that integrate blockchain technology in a meaningful way. As the Web3 gaming market continues to grow, there is no doubt that zVentures will play a crucial role in the development of this exciting new frontier in the gaming industry.