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Sign UpArticles / Resources in Development© Everychain, Inc. 2022. All rights reserved
Which Blockchain Should You Choose for Your Web3 Gaming Project
By: Everychain
It wasn't long ago when the corporate giants of online gaming with names like Ubisoft and EA Sports ruled the $17 billion online gaming industry.
When blockchain platforms like Bitcoin and Ethereum, especially Ethereum have introduced some 12 years ago, no one saw much utility in such platforms, not, especially for gaming. Again, in 2015, when a Canadian company named Dapper Labs introduced a blockchain-based game called "Cryptokitties" it was denigrated and ridiculed as something rudimentary and "no fun" until it became a hit and a go-to vehicle for crypto investors.
The two foundational elements introduced by Dapper Labs in cryptokitties were namely a non-fungible token, or an NFT, and Ethereum Smart Contracts.
No one had imagined at that time that Dapper Labs would go on to form their own blockchain to host trading of digital assets nor did that imagine Blockchain gaming to become a $3.5 billion business.
The proof positive for this is the fact that not only have the blockchain gaming industry developed its own standards and vocabulary, today almost 60% of game developers are working on a blockchain game today, per a November 2021 study by Stratis.
Does this raise an interesting question as to what blockchain platform should a game developer choose to develop his or her Web3 Gaming Project?
It is important to understand however that the two important elements mentioned above the ERC-721 standard or the Ethereum Smart Contracts aren't the only elements revolutionizing the blockchain gaming development, it encompasses much more with rapid growth in both gaming and the GameFi or play-to-earn model that has exploded in popularity, especially among the developing countries that were often excluded from the lucrative trading markets of cryptocurrency.
Here are the main players in the inexhaustible and rapidly growing list of Web3 gaming platforms:
Sandbox
The Sandbox is a platform that began as a game itself that now allows multiple games to be developed within itself. Based on the Ethereum blockchain Sandbox is a Metaverse where players can play, rent virtual properties "LAND", develop their own creations and spend SAND, the ERC-20 token in the game. Sandbox is the first gaming platform that has created a marketplace that monetizes your creativity and skills. SAND can be utilized in the game to implement its five functionalities: buy, trade, play, create and govern. The platform is an unusual amalgam of two technologies that virtually seem to be unrelated: Virtual Reality and Blockchain. Essentially, Sandbox is like one big game on which multiple games will be built.
Sandbox has gained popularity also because it allows platform users to have transactions on the Ethereum network while transaction gas fees are paid by the platform itself, optimizing the overall user experience.
Enjin
Enjin prides itself as a Web3 game development platform that is focused on true ownership. As they put it, "Whether that be ownership of games, or items, or persistent character traits, or whatever else the developer can think of. It’s a platform for others to get creative with."
Game enthusiasts have lauded Ennjin for its propensity towards game and server ownership and for its creation of the ERC-1155 standard that enables trading of multiple gaming assets in a single transaction saving transaction costs on ever-increasing gas costs on the Ethereum network.
Enjin had become bogged down in expensive Ethereum gas fees with some of its NFT dealers getting little to nothing when selling NFTs. By scaling out into it's own blockchain called Efinity, Enjin is hoping to find alternatives to Ethereum gas charges. Despite this the Enjin token, $ENJ is among the top 10 tokens traded on ETH chain.
Decentraland (MANA)
Decentraland can be loosely described as a 3D room or universe. The game allows the players to cultivate a number of virtual plots of land, schedule events like music concerts and shows and allow holding social activities there. Its main token is MANA which is built on the Ethereum standard, ERC-20.
The purpose for the economy of Decentraland is centered around utilizing blockchain to assign digital identity, ownership, and scarcity to unique items. Thus far in 2021Decentraland has become one of the most famous and well-known projects.
Besotted by gas fees, Decentraland decided to create a Dapp portal in 2021 on the layer 2 project Polygon. As their press release explained, "Decentraland dapps suite now features an account portal where you can move your [Decentraland token] MANA from the Ethereum blockchain to Polygon’s Matic Network (and back)."
Bloktopia (BLOCK)
Just like the Sandbox and Decentraland, this is also a VR metaverse game. The way the game is fashioned, it has a 21-story skyscraper called Reblok. The skyscraper represents a maximum supply of Bitcoin of 21 million BTC.
Much like Decentraland, Bloktopia is also intended to be an event hub, where you go to socialize, work, and so on. Each floor of the Reblock skyscraper can be rented out to other users.
The main feature that differentiates it is that Bloktopia is built on the Polygon network (MATIC) to demystify its four most important functions, namely learn, earn, play, create.
This also means relatively lower gas fees for transactions. This was a very smart move on the part of Bloktopia to build on Polygon, which is a platform for Ethereum scaling and infrastructure development.
Forte
Since announcing its $100 million partnership with Ripple in March 2021, Forte has become a big player in the Web3 gaming industry. Since its inception, the fund is intended to accelerate the mainstream adoption of blockchain-based technology in gaming.
What sets Forte apart is that in addition to its own gaming platform, Forte’s platform enables game publishers to rapidly add blockchain technologies into their games by developing rich features effortlessly, making pluggable token wallets, non-fungible token (NFT) minting and trading, payment channels, and other services meant specifically for blockchain token economies as well as the governance of digital assets.
What's even better is that the Forte team is currently collaborating with more than 40+ top-tier game developers from across the gaming industry to reinvent the economics of video games.
This is the reason why Animoca brands decided to pitch a cool $750 million for its series "B" funding.