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- Voodoo, a French mobile game developer sponsored by Goldman Sachs and Chinese internet giant Tencent, has announced a $200 million investment in blockchain-based mobile video game studios in 2022.
The burgeoning video game industry is increasingly interested in blockchain technology, which has supported the recent surge of digital assets such as cryptocurrencies and non-fungible tokens (NFTs).
Voodoo will invest in blockchain games by supporting game studios with current blockchain games, “interesting concepts,” or entrepreneurs who wish to form new blockchain game development teams.
About Voodoo
Voodoo currently has ten studios, both internal and external, working on blockchain games and features.
Over the following year, Voodoo aims to open an additional 20 studios dedicated just to blockchain games development.
New studios will be able to use Voodoo’s full-stack platform to develop, test, and publish blockchain games, according to the company. The company plans to extend its hypercasual and casual gaming tactics to blockchain games in the future.
Neowiz said earlier this week that it is bringing two of its most popular games, Brave Nine and Golf Impact, to the blockchain.
“There are rare moments in life when we witness a technology breakthrough that alters industries,” said Voodoo CEO Alex Yazdi. Because gamers are already accustomed to purchasing digital assets, blockchain will have a significant impact on gaming. This technology will provide players with actual ownership of their digital assets, allowing them to gather, trade, and sell in-game digital currencies and game assets, which will improve enjoyment and engagement. Players will be able to benefit from their assets, allowing for a new “play-and-earn” system to emerge.
Future of blockchain gaming
Ten internal and external studios at Voodoo are already working on blockchain gaming. Next year, the business plans to open 20 new internal studios dedicated just to blockchain mobile games. To flourish in the new blockchain paradigm, new teams and studios will be able to use Voodoo’s capabilities.
In addition to tech tools, data analytics integration, and analytical help, Voodoo’s financial commitment will be accompanied by its full-stack platform, which will allow other projects to design, test, and launch games.
Voodoo has successfully used this technique in the Hyper Casual and Casual categories in previous years. They are the world’s top mobile publisher, with over 5 billion downloads and 300 million monthly active users, and they have the most downloads in the game business on both iOS and Android. It is now up to the corporation to see how successful it can be on its new path.
As a result, expect tradable NFTs in future Voodoo games. Users might be able to buy and sell them on internet markets, giving them monetary worth outside of the games.
Voodoo aims to work on a reusable blockchain stack to manage tokens, construct NFTs, create wallet addresses, and interact with layer one blockchains (like Ethereum) and layer two solutions to cut transaction costs in addition to its existing stack.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
