Web3Games
Web3Games is a company that develops blockchain-based gaming solutions, including a Layer-2 Optimistic Rollup blockchain, W3Gamez Network, and has launched four games with plans for fully on-chain gaming by 2024.
Company History
Web3Games launched four games between 2021 and 2023 as part of its asset-on-chain gaming infrastructure. It plans to transition to fully on-chain gaming in 2024 with the launch of its own blockchain network. The transition marks a significant evolution in the company's approach to decentralized gaming.
Blockchain Network
Web3Games developed a Layer-2 Optimistic Rollup blockchain called W3Gamez Network. This blockchain network is specifically designed for gaming applications and leverages the OP Stack for its foundational layer while ensuring data availability through NEAR. This blockchain solution is central to Web3Games' fully on-chain gaming strategy.
Token Ecosystem
Web3Games offers a two-token ecosystem. The $WGT token is used for transactions within the Web3Games Platform, while the $W3G token is designated for the W3Gamez Network. This dual-token system provides flexibility and functionality across their gaming and blockchain services.
Investment and Funding
Web3Games secured a $4 million USD investment during 2022-2023. This funding came from esteemed crypto investors, underscoring the company's credibility and future potential within the blockchain gaming sector.
Gaming and Development Platform
Web3Games provides a platform that includes an NFT marketplace, token swap capabilities, and a launchpad for gaming projects. Additionally, it has launched a development toolkit and infrastructure for fully on-chain gaming, with a release scheduled for 2024. These tools aim to empower developers and enhance the gaming experience on the blockchain.