My NFT Wars is flipping the script on Blockchain Gaming
Blockchain games are an increasingly exciting niche that combines traditional game mechanics with Web3 technology. Its potential to revolutionize the gaming experience has been widely celebrated by tech-savvy investors and gaming enthusiasts alike. But unfortunately, the merger of these two fast-growing industries has not been without its challenges.
Despite offering several potential benefits such as decentralized ownership, increased transparency and security, blockchain games have suffered due to crypto fraud, poor user experience and lack of trust. But with the recent influx of experienced game developers and smart investors, the industry is on the way to growth and success.
My NFT Wars is one of the most promising blockchain games that came from the collaboration of Ukraine’s iLogos Game Studios and Blockchain Cuties Universe developers.
We spoke with lead investor Dmitry Volkov, co-founder and CEO of Social Discovery Group, and My NFT Wars co-founder Maxim Slobodyanyuk to better understand the difficulties facing blockchain gaming and what the sector is trying to address. They even revealed exclusive information about what makes the My NFT Wars system so special.
Upgrading the player experience
A major problem with blockchain games has long been the player experience. The complex nature of blockchain transactions and the lack of modern game mechanics have challenged players’ expectations, reducing their willingness to engage in blockchain gaming. Some developers have already identified this challenge and created innovative solutions. For example, Gods Unchained provides a familiar user experience, allowing players to leverage blockchain to control and own their cards.
The My NFT Wars development team has stepped up by releasing one of the first MMORPGs in the blockchain gaming sector. Their multi-generational, multi-platform creations have entertained millions of people. My NFT Wars has great graphics and an engaging game environment. Players control their characters, embark on objectives or missions, and battle alien animals, all through the lens of a top-down camera view.
My NFT Wars’ emphasis on the gaming experience is one of its distinctive qualities, according to Slobodyanyuk. “The game can be enjoyed in a number of ways. The in-game tools allow players to express their creativity and imagination by producing NFTs. In addition, the game’s captivating plot, which includes several missions and adventures, is sure to keep players interested for a long time.
The way My NFT Wars implements MMO mechanics promotes cooperation as players can team up to traverse the game’s vast environments and engage in combat. To overcome obstacles as a team or to compete against each other to advance in the game’s rankings, players can either establish alliances.
Collaboration with smart investors
Many early blockchain games were plagued by scams and hacks that caused players to lose faith in the technology. To combat this, My NFT Wars uses “a smart investor strategy.” Smart investors bring both financial resources and hands-on experience in gaming, blockchain and crypto economies to the table. With My NFT Wars, smart investors create models that motivate players and ensure that the in-game economy works smoothly.
“Some games lack a clear economic model and suffer from hyperinflation,” said My NFT Wars co-founder and CEO Maxim Ilyashenko. “This makes them risky investments. But the team at My NFT Wars has focused a lot on building a game economy that is agile, scalable and resilient.”
My NFT Wars are built on safety, fairness and transparency. Each player’s actions are recorded and stored on the blockchain, transparently visible to all. Also, players actually own the game’s assets such as weapons, armor, and collectibles, which are stored on the blockchain, making them immutable and non-fungible.
Give players ownership:
Integrating blockchain technology into games enables players to have real ownership. A notable example is Axie Infinity, a game with an ecosystem that provides players with financial opportunities. Similarly, My NFT Wars gives players ownership of their in-game assets.
“One of the many advantages of blockchain games is that players can earn tokens and other digital assets by playing a game and having fun,” Illyashenko said. “These items can be exchanged for real money or exclusive game upgrades. My NFT Wars offers these benefits when players complete missions or defeat enemies, which is one of the many ways the title gives back to the gaming community.”
This play-team-learn model is far from traditional gaming models, where players pay to play. Conversely, blockchain games enable players to earn by playing games, making it accessible to everyone. This paradigm shift has completely changed the gaming industry and enabled gamers to earn a respectable living playing their favorite games.
Blockchain game development investments in Ukraine
Blockchain games are a new trend that is starting to appear in the market. It has expanded beyond gaming as a result of blockchain technology’s role in the development of decentralized gaming ecosystems. Rather than just aiming for financial gain, investors like Dmitry Volkov, who invested in My NFT Wars, also support Ukrainian game creation.
The country has become a hub for game developers, publishers and investors, and the Ukrainian gaming sector has grown rapidly over the years, according to Volkov. “The industry supports the country’s economy to the tune of close to 250 million dollars annually, and this sum is expected to rise sharply in the coming years. My NFT Wars will hopefully have a significant impact on that number, is my goal.
Volkov, a European serial entrepreneur, is already a benefactor of Ukraine’s economy. The company he co-founded and heads, Social Discovery Group, adds nearly $20 million to the country’s economy annually. It also joined in support with other European companies in 2014 by ending operations in Russia and Belarus.
Final thoughts
Blockchain gaming is the future of the gaming industry, and it has the potential to revolutionize the way we play and trade games. Although the industry has had a rough start, investors like Dmitry Volkov and game developers like Maxim Slobodyanyuk are stepping in to make it work. Improved gaming experiences, solid gaming economies and transparency and security are the key factors driving this industry forward. With more investors and developers investing in blockchain games, the future of the industry looks bright. We look forward to seeing what the future holds.
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not provide, and will not endorse, information about any company or individual on this site. Readers are encouraged to conduct their own research and take any action based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be liable for any damage or loss caused directly or indirectly by the use of any content, products or services mentioned in this press release or sponsored post.
To publish articles on our website, please contact us by email or one of the accounts mentioned below.
