Blockchain gaming is an increasingly exciting niche that combines traditional game mechanics with Web3 technology. Its potential for revolutionizing the player experience has been widely celebrated by tech-savvy investors and gaming enthusiasts alike. But unfortunately, the fusion of these two rapidly growing industries hasn’t been without its challenges.
Despite offering several potential benefits such as decentralized ownership, increased transparency, and security, blockchain gaming has suffered because of crypto scams, poor user experience, and lack of trust. However, with the recent entry of seasoned game developers and smart investors, the industry is headed toward growth and success.
My NFT Wars is one among the most promising blockchain games which came after the collaborative efforts of Ukraine’s iLogos Game Studios and Blockchain Cuties Universe developers.
We spoke with lead investor Dmitry Volkov, co-founder and CEO of Social Discovery Group, and My NFT Wars co-founder Maxim Slobodyanyuk to better understand the difficulties blockchain gaming faces and what the sector is attempting to address. They even divulged exclusive information on what makes the My NFT Wars system so special.
Upgrading the Player Experience
A major issue with blockchain gaming has long been the player experience. The complex nature of blockchain transactions and the lack of modern game mechanics have challenged players’ expectations, decreasing their willingness to engage in blockchain games. Some developers have already identified this challenge and created innovative solutions. For example, Gods Unchained provides a familiar user experience, allowing players to leverage blockchain to control and own their cards.
The My NFT Wars development team has upped the ante by releasing one of the first MMORPGs in the blockchain gaming sector. Their multi-generational, multi-platform creations have amused millions of people. My NFT Wars features great graphics and an engaging gaming environment. Players manage their characters, embark on objectives or quests, and fight strange animals all via the lens of a top-down camera view.
My NFT Wars’ emphasis on the gaming experience is one of its distinctive qualities, according to Slobodyanyuk. “The game can be enjoyed in a variety of ways. The built-in tools in the game enable players to express their creativity and imagination by producing NFTs. Additionally, the game’s captivating plot, which includes several quests and adventures, is sure to keep players interested for a long time.
The way in which My NFT Wars implements MMO mechanics promotes cooperation since players can band together to traverse the game’s huge environments and participate in combat. To overcome obstacles as a team or to compete against one another to advance in the game’s rankings, players can either establish alliances.
Partnering WIth Smart Investors
Many early blockchain games were plagued by scams and hacks that made players lose faith in the technology. To combat this, My NFT Wars employs “a smart investor strategy.” Smart investors bring both financial resources and hands-on experience in gaming, blockchain and crypto economies to the table. With My NFT Wars, smart investors are creating models that incentivize players and ensure that the in-game economy operates smoothly.
“Some games lack a clear economic model and suffer from hyperinflation,” said My NFT Wars co-founder and CEO Maxim Illyashenko. “This makes them risky investments. But the team at My NFT Wars has focused a great amount of effort on building a game economy that’s agile, scalable and resilient.”
My NFT Wars is built on security, fairness, and transparency. Every player’s actions are recorded and stored on the blockchain, transparently visible to everyone. Moreover, players actually own the game’s assets like weapons, armor, and collectibles, which are stored on the blockchain, making them immutable and non-fungible.
Giving Players Ownership:
Integrating blockchain technology in gaming enables gamers to have true ownership. A notable example is Axie Infinity, a game with an ecosystem that provides players with financial opportunities. Likewise, My NFT Wars gives players ownership of their in-game assets.
“One of the many benefits of blockchain gaming is that players can earn tokens and other digital assets by playing a game and having fun,” said Illyashenko. “These items can be exchanged for real money or exclusive game upgrades. My NFT Wars offers these perks when players complete quests or defeat enemies, which is one of the many ways the title gives back to the gaming community.”
This play-create-learn model is far from traditional gaming models, where players pay to play. Conversely, blockchain gaming enables players to earn simply by playing games, making it accessible to all. This paradigm shift has completely changed the gaming business and made it possible for players to make a respectable living playing their favorite games.
Blockchain Game Development Investments in Ukraine
Blockchain gaming is a new trend that is starting to emerge in the market. It has expanded beyond gaming as a result of blockchain technology’s role in the development of decentralized gaming ecosystems. Instead of merely aiming for financial gain, investors like Dmitry Volkov, who invested in My NFT Wars, are also supporting Ukrainian game creation.
The country has become a hub for game developers, publishers, and investors, and the Ukrainian gaming sector has been expanding quickly over the years, according to Volkov. “The industry supports the nation’s economy to the tune of close to $250 million annually, and this sum is expected to rise sharply in the years to come. My NFT Wars will hopefully make a substantial impact on that number, is my goal.
A European serial entrepreneur, Volkov is already a benefactor to Ukraine’s economy. The company he co-founded and leads, Social Discovery Group, infuses nearly $20 million into the country’s economy yearly. It also joined in support with other European companies in 2014 by ceasing operations in Russia and Belarus.
Closing Thoughts
Blockchain gaming is the future of the gaming industry, and it has the potential to revolutionize the way we play and trade games. Although the industry has had a rough start, investors like Dmitry Volkov and game developers like Maxim Slobodyanyuk are stepping in to make it work. Improved gaming experiences, solid game economies, and transparency and security are the key factors driving this industry forward. With more investors and developers investing in blockchain gaming, the industry’s future looks bright. We can’t wait to see what the future holds.
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