Metaverse Game Studios Inc. is an independent game development company based in Florida, US, with a team led by industry veterans. More than 100mn players have enjoyed our games so far, and many of our titles have been acquired by industry giants such as Ubisoft, Microsoft, Mail.ru, and Peak Games. We are currently busy developing our first title Angelic, which combines turn-based strategy combat with a narrative RPG, all backed by a collaboratively crafting science-fiction setting thanks to Blockchain technology.
For years, AAA games have been known to be the most high profile games in the gaming industry typically featuring cutting-edge graphics, expansive worlds, complex gameplay mechanics and often incorporating elements of open-world gameplay, online multiplayer, and microtransactions. For the Web3 space, AAA titles are still a relatively new concept, but ones that are quickly gaining traction as the technology and infrastructure continue to evolve. One of the key trends in Web3 gaming is the rise of play-to-earn mechanics, which allow players to earn real-world Cryptocurrency or in-game assets by playing the game. However, to us such mechanics are primitive and are an inefficient way of utilising Blockchain technology to benefit both game developers and its players. Over the last few months we have seen a significant shift in moving away from P2E models as they can be interpreted as barriers of entry for new players, too repetitive with little focus on actual gameplay and gradually reducing the value of rewards due to inflationary pressures.
Traditionally, players typically have little control over the game’s economy or the ownership of in-game assets. In Web3 games, however, players often have complete control over their in-game assets and can buy, sell, and trade them as they see fit, such advances allow for more social and community-driven interactions, thus gaining the name shared intellectual property. Sharing IP with gamers in Web3 is an emerging trend in the gaming industry, and is an approach that represents a significant departure from the traditional gaming model, where game developers retain ownership of in-game items, and gamers can only use them within the game’s Ecosystem. By creating NFTs that represent in-game assets, game developers can give gamers true ownership over the items they acquire within the game. This ownership allows gamers to trade or sell their in-game assets for real-world value, potentially creating new revenue streams for game developers and giving gamers a sense of investment in the games they play. In addition to providing gamers with ownership of in-game assets, Web3 also allows for increased transparency and accountability in the gaming industry by utilising Blockchain-based systems, gamers can verify the authenticity and rarity of the assets they own, reducing the risk of fraud or counterfeit items. Since 2016, our team has embodied such an approach and began leveraging Blockchain in building a collaborative IP based on both AAA game qualities and our fanbase. Such a move in establishing a foundation for proper IP distribution, will allow our players to become our content creators and true collaborators, whom we can share governance, management, prosperity and rewards with all the while creating a universe in which people can flourish, compete, enjoy and immerse themselves within. As game developers we believe that such an integral mechanism should not be overlooked as it will enrich our narrative and allow our gamers to truly engage in creating their own assets and piece of the world within Angelic’s open universe.
A great example and one that we deem as validation of our core principles and business model can be seen in Epic Games’ recent move to allow games to be created within the Fortnite universe, which is a significant step in the evolution of the gaming industry. This new initiative, called “Fortnite Creative,” allows game developers to create their own games, experiences, and challenges within the Fortnite world using Epic Games’ proprietary tools and assets. The Fortnite Creative platform provides game developers with access to a vast library of assets, including characters, weapons, and terrain elements, which can be used to create their own unique games and experiences. These games can be shared with other Fortnite players, allowing for a wide range of community-created content within the Fortnite universe. The move to allow third-party game developers to create within the Fortnite universe is a significant departure from the traditional closed Ecosystem of video game development. By providing developers with access to Epic Games’ tools and assets, the company is empowering a new generation of game creators to build their own unique experiences within the Fortnite universe. Overall, we see this move to allow game developers to create within the Fortnite universe as an exciting development for the gaming industry. It represents a significant departure from the traditional closed Ecosystem of game development and provides developers with unprecedented access to the tools and assets needed to create their own unique experiences within the Fortnite universe. We are excited to see how this initiative develops and how it impacts the future of the gaming industry as a whole.
My team and I are elated to be bringing a new take on AAA games within the Web3 space and invite all interested parties to join our Discord and share feedback on the article, as well as learn more about what Angelic has to offer. For those ready to take the plunge into our universe, sign up for our early-alpha access and experience a new side to gaming as you know it!