The Web3 gaming industry is actively seeking ways to integrate blockchain technology with interactive entertainment. However, Bloomverse takes it a step further and envisions a future where virtual achievements have a direct impact on one’s social status in the real world.
Despite the downward trend in the crypto market in 2023, the Web3 gaming industry has managed to thrive. This year alone, blockchain gaming projects have received $2.9 billion in investments, and there are over 1.1 million daily active users. Executives in the industry predict that there will be tens of millions of new players joining in 2024.
While the industry has attracted significant capital, there is still work to be done to create a sustainable economic model. Currently, Web3 games have limited use for in-game assets outside of their own ecosystem. Although the industry is on the brink of revolutionary growth, improvements need to be made to blockchain-based games.
To advance the field of Web3 gaming, new perspectives are needed to navigate the complexities of integrating blockchain technology with interactive entertainment. The next generation of Web3 developers should focus on creating engaging game structures, sustainable in-game economies, user-friendly interfaces, and non-disruptive advertisements.
Bloomverse, a blockchain-based game, aims to address these concerns by creating a sustainable ecosystem that brings together brands, online stores, service providers, and nonfungible token (NFT) markets. The platform integrates brands directly into the gameplay, offering quests and storylines where each brand contributes side quests or mini-games. By participating in these games, users can earn tokens that can be exchanged for real-world rewards and products through sponsorships. After two years of development, Bloomverse has already partnered with over ten companies and brands, including industry giants like Amazon, Solana Labs, and Glytch.
Bloomverse aspires to enhance gaming experiences by enlisting experts like Yu-Kai Chou, the creator of the Octalysis Prime gamification model. The platform also aims to redefine game economies and ensure sustainability and engagement with the help of industry veterans like Steven Sabol, the former economy director of Star Atlas, who has designed an innovative token-neutral model. By integrating brands into game mechanics, Bloomverse’s model aims to make in-game advertising and loyalty rewards more efficient, while also making it easy for gamers to adapt to using NFTs and blockchain technology.
Furthermore, Bloomverse is preparing to introduce in-game utility accessories in collaboration with Magic Eden, an NFT marketplace. The team is planning a seed round in 2024, supported by a partnership with Amazon. Alpha gaming tournaments are also scheduled to launch on the Solana blockchain in the second quarter of 2024, following the release of the first batch of player items.
Fernando Cortes, CEO of Bloomverse, envisions a future where the boundaries between gaming and social status are blurred. He believes that Bloomverse’s unique approach of blending blockchain, brands, and gameplay can lead to a maturation of the Web3 gaming landscape, where the symbiotic relationship between players and brands flourishes, offering mutual benefits within immersive digital environments.
For more information about Bloomverse, please visit their website.