GameFi Still Remains Underground For The Traditional Gaming Scene
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GameFi Still Remains Underground For The Traditional Gaming Scene
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Crypto Veteran. Tokenization, DeFi and Security Tokens - Blockchain.
Ishan Pandey: Hi Konstantin, welcome to our series “Behind the Startup.” Please tell us about yourself and the story behind Liberty Gaming Guild?
Konstantin Sinev: Thanks for inviting me! Following the unprecedented growth of NFT and GameFi, I was invited to lead marketing and PR for this newborn crypto gaming guild. Such guilds manage a treasure trove of game-related NFTs, digital assets, and virtual land parcels that members can employ to increase their earnings and the guild’s earnings. My mission is to build marketing, PR and community activities from scratch, prepare the project for the IDO, and later work on its continued growth and development.
Liberty Gaming Guild was launched on November 21, 2021. We may be one of the newest names in the gaming guild world, but with what we have planned, I can assure you it won’t be long before we are one of the most talked about.
We’re not just here to make you money playing games here at Liberty. We’re here to make a difference in your lives in the long term. Of course, generating an income makes a big difference, but we don’t stop there; we provide education, training and support in a number of areas to assist in creating stability for our gamers in both their play-to-earn careers and their lives. It wasn’t all that long ago that kids, teenagers, young people, gamers in general had dreams about playing video games for a living. Well, that dream is now a reality!
Ishan Pandey: Please tell us about how Play-to-Earn games should be modelled?
Konstantin Sinev: In my opinion, the most important feature that any P2E game should have is interesting and engaging gameplay. Just like in a classical gamedev, it’s the gaming experience in the first place. That’s actually what we put first at our Guild when we decide on the next game to invest in. We understand that it’s a gamer whose time actually matters and any game’s mission is to offer him a good and interesting way of spending it. Therefore, any P2E game should have an understandable gameplay model with several engaging and detailed sections.
Ishan Pandey: How will the traditional gaming industry be affected by the introduction of blockchain-based gaming?
Konstantin Sinev: Currently, GameFi still remains underground for the traditional gaming scene. Even though publishers like Ubisoft invest in crypto games, no one has recently announced the launch or at least the addition of open economy to their existing titles. However, we do believe that this is inevitable dnd that’s the future that we are anticipating — if any of the AAA publishers come up with such an announcement — that will be a game changer, resulting in pushing the sphere even further than it is now. Publishers already understand the revolutionary character of blockchain in gaming. It’s only a matter of time for them to enable it technologically.
Ishan Pandey: In the game-fi world, NFT games have grown in popularity as a means of making money. How can game developers tap into the vast array of gaming ecosystem possibilities with NFTs?
Konstantin Sinev: In fact, what we call now “NFT in blockchain games” has long been existing in traditional gaming. Skins in games like CS:GO, League of Legends, Dota 2, Fortnite and many others have always been of value, with some of them being bought and sold in the grey market. What differentiates them from NFTs? Of course, the technological environment and marketplaces make the process transparent for everyone. Publishers can use the legacy of the closed economy as a foundation for putting their games on the blockchain track.
Ishan Pandey: Please tell us about the development and production phase for building a blockchain-based game?
Konstantin Sinev: It’s no different from traditional game development. It is typically divided into 3 stages: pre-production, production, and post-production. In the first phase, you define what the game is about, why it should be made, and what it’s going to take to make it. Production actually creates a game. The story takes shape with all assets like levels, characters and environments created and code written with a lot more. Post-production is about maintenance like fixing bugs and releasing patches. Blockchain games however have a fundamental block that traditional gaming doesn’t have - it’s deploying a game to a blockchain with open economy creation and everything that comes with it.
Ishan Pandey: The recent rise of “metaverse” refers to a new paradigm that has piqued everyone’s interest within the crypto space. What are your views on Metaverse?
Konstantin Sinev: We are already in it. What came in 2021 with the hype around the term “metaverse” was rather a statement of fact than a prophecy. It’s obvious that the evolution of the Web from 1.0 to 3.0 has taken the majority of people around the globe into a single network where all continents are interconnected. Blockchain here is a logical component that accompanies the desire of people for decentralization.
Ishan Pandey: According to you, what new trends are we going to see in the blockchain industry?
Konstantin Sinev: I always draw attention to GameFi. It remains the driving force that connects blockchain, cryptocurrency and NFTs. I see a huge potential of gaming guilds as the “ETFs” for investors willing to enter the sphere of blockchain games in 2022. However, this sphere will have something new - I anticipate more big publishers stepping into GameFi with investments or even games of their own. Also, I think more regions will be involved in blockchain games - if now two major markets are SEA and LATAM, then in 2022, I see South Asia, Africa and CIS joining them.
Disclaimer: The purpose of this article is to remove informational asymmetry existing today in our digital markets by performing due diligence, asking the right questions, and equipping readers with better opinions to make informed decisions.
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