GGEM, a cutting-edge gaming platform that connects Web2 and Web3, has launched its initial version. GameFi, an untapped potential of blockchain technology, is not well-known among more than half of adults. The inadequate game economies that focus on short-term value are not attracting players.
Developers are facing challenges due to the limited number of scalable and low-cost blockchains and the absence of game studios to assist in the launch process for advanced Web3 games.
Unlike traditional games, the success of blockchain games depends on building a strong community that not only makes up the user base but also participates in the development and marketing in a Web3 style. The MVP is now live, and GGEM, a gaming platform, aims to assist Web3 games in launching and attracting Web2 players.
GGEM provides tools and services for projects to launch games and reach a pre-established audience with advanced features. After years of development, GGEM went live in March with a core build. The platform is home to dozens of simple RPG, strategy, MMORPG, and free-to-play games that attract both crypto-native and non-crypto users and can be played without installation.
The platform is user-friendly, allowing players to seamlessly execute all actions in one place. All game progress is synchronized in one place, and the games receive automatic background updates. In-game assets are stored in personal GGEM wallets and represent non-fungible tokens (NFTs) that can be bought using crypto or fiat and traded externally.
In addition to the traditional play-to-earn model, the platform employs a challenge-to-earn system to incentivize players. Users can earn tokens and NFTs by participating in challenges, tournaments, and events. The amount of GGEM tokens in one’s wallet determines its status, with different statuses receiving proportional bonuses.
GGEM also offers educational resources through GGEM Academy, an educational hub with articles and tutorials on Web3 gaming. The platform also provides consultancy services to both developers and players and offers customized solutions tailored to their unique needs.
Soon after the MVP launch, GGEM closed its pre-seed funding round and completed the development of all Web2 components on its platform. The project is currently developing a software development kit for game developers that will be synchronized with the launcher. The in-game store, slated for introduction in the third quarter, will enable players to rent assets and reduce the cost of blockchain gaming. The GGEM token will be launched around the same time.
By providing innovative tools, lowering costs, and serving as a robust infrastructure, GGEM aims to continue onboarding masses from Web2 to Web3 and contribute to creating a stable future for GameFi.