3 - 5 minute read
The gaming giant Razer, known for its innovative gaming hardware and peripherals, has announced that it is looking for new Web3 partners and game submissions. The zVentures blockchain incubator, established in 2016, is calling for increased developer involvement in quality games built on blockchain technology. Razer has expressed that it believes that the foundation of any successful game is engaging gameplay, whether it’s created in Web2.0 or Web3.0. This call for new Web3 partners highlights Razer’s push towards increasing the growth and adoption of blockchain technology in the gaming industry.
While many blockchain games often focus entirely on utilizing blockchain technology, they are failing to create an enjoyable gameplay experience, resulting in a lack of interest and retention from gamers. This move by Razer is significant as it comes at a time when industry behemoths like IBM, Intel, and Amazon Web Services have entered the blockchain gaming space.
The zVentures Web 3 Incubator will be searching for projects from new developers, giving preference to gameplay experience, and submissions from established industry veterans with a successful track record in creating Web2.0 games. They are hoping to usher in a new era of Web3 gaming that seamlessly integrates blockchain technology while not compromising on gameplay experience.
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: https://t.co/m65x3AsBiC pic.twitter.com/CN1sMZuBKP— R Λ Z Ξ R (@Razer) April 11, 2023
According to analysts, the gaming industry is now valued at over $300 billion globally, while the worldwide blockchain market is expected to exceed $100 billion by 2028. The growing popularity of blockchain gaming is expected to be complemented by diversified interest from the gaming industry.
The Bottom Line
Razer’s call for new Web3 partners and game submissions has highlighted the significant strides the gaming industry has taken in integrating blockchain technology with innovative gameplay. The announcement comes at a time when the gaming industry is already valued at over $300 billion globally, and the worldwide blockchain market is expected to surpass $100 billion by 2028. Considering that some of the significant players like IBM, Intel, and Amazon Web Services have entered the blockchain gaming space, Razer’s move is all the more significant.
As major companies continue to focus on driving growth and innovation in this industry, traders should consider the possibility of investing in the gaming companies that are driving innovation in the Web3 space. While gains in the gaming industry have traditionally come in short bursts, it is expected that the integration of blockchain technology could help create long-term opportunities. Additionally, traders should monitor how this shift towards integrating blockchain technology is received by the gaming community and if it results in increased engagement and retention from gamers.