Published on mei 30, 2024, 12:28 am
Image source: Fox News
```json [ { "TLDR": "Grease Monkey Games transitioned to Web3 gaming, leading to the departure of 10 employees not on board. Despite challenges, they are launching Torque Drift 2 with blockchain and NFTs. Difficulty in recruiting talent for smaller firms like Grease Monkey due to competitive wages at larger studios. Industry apprehensions exist but major studios are exploring Web3. New games like MetaFighter introduce native tokens for in-game rewards. Advancements in crypto space seen with Immutable Passport and Gala Games incidents." } ] ```
Making a significant shift in business direction can be daunting for any company. Grease Monkey Games founder, Arran Potter, faced such a challenge when he led his team’s transition into the realm of “Web3 gaming” two years ago. Little did he know that this move would lead to the departure of 10 employees who were not on board with the transition.
Potter revealed that after announcing the shift to Web3 gaming, a number of staff members decided to leave as they were not keen on developing games in this new space. Despite facing this setback, Grease Monkey Games, known for its popular motorsport game Torque Drift, is now gearing up for the launch of Torque Drift 2. This sequel will incorporate blockchain technology and nonfungible tokens (NFTs), aligning with the trending advancements in the industry.
Transitioning to Web3 posed challenges in recruiting talent for smaller companies like Grease Monkey Games, as larger studios often attract top industry professionals with competitive wages. Nevertheless, Potter managed to retain key partners like car manufacturer Nissan for the upcoming venture into Web3 gaming.
Explaining Web3 concepts to newcomers has been crucial in dispelling misconceptions surrounding digital ownership and NFTs. Potter stressed the importance of emphasizing the benefits of this technology to gain wider acceptance within the gaming community.
Rebecca Liao, CEO of blockchain protocol Saga believes that applying securities laws to true in-game digital assets could be contentious, especially with the rise of NFTs and digital collectibles within gaming environments.
While some apprehensions linger within the industry regarding Web3 adoption, there are signs that major studios are quietly exploring this space despite keeping their developments discreet. Liao emphasized that ultimately, gamers appreciate quality gameplay regardless of whether it falls under Web2 or Web3 technologies.
In an overview of a new fighting game called MetaFighter, it was praised for its impressive graphics and gameplay but criticized for lengthy matchmaking times. The introduction of native tokens within games like MetaFighter aims to offer players rewards and investment opportunities within the game ecosystem.
The cryptocurrency landscape continues to evolve rapidly as evidenced by recent developments such as Immutable Passport surpassing 1 million downloads and Gala Games burning billions of GALA tokens following an exploit incident. These events showcase both challenges and opportunities present within the cryptocurrency and blockchain space.
As advancements continue and industry players navigate these changes, it’s evident that embracing innovation while addressing concerns around security and user experience remains paramount in shaping the future of Cryptocurrency and its related applications.
Original article posted by Fox News
