Tomonobu Itagaki, the creator of the popular video game Dead or Alive and the post-2004 Ninja Gaiden series, has announced the launch of Apex Game Studios, which will focus on non-fungible tokens (NFTs), blockchain-based games, and the metaverse.
According to Itagaki, Apex Game Studios will focus on high-quality immersive 3A Web3 games and has already “incubated” its first massively multiplayer online role-playing game (MMORPG) called Warrior.
Warrior will feature dynamic gameplay and a play-to-earn (P2E) structure so that users can earn crypto and potentially profit from gaming. It was developed using the Unreal Engine and is a futuristic game where warriors battle in a “new and unknown continent.”
Both PvE and PvP game modes are available in Warrior, and WGT crypto tokens can be earned as players conquer continents and complete missions. The WDT governance token will also enable holders to vote or suggest proposals within the WarriorDAO.
As a blockchain-based game, the majority of the digital assets players can obtain in the game will be NFTs. Virtual real estate is also available, adding an important component to the metaverse.
With the release of Warrior and future projects from the studio, Itagaki hopes to improve performance, security, and sustainability issues within blockchain gaming. The beta version of Warrior is expected in Q3 of 2022, and the full version shortly after.
Blockchain-Based Games Are on the Rise
Despite the downtrend in crypto prices and criticisms of blockchain-based games from some gamers, gaming developers are moving into Web3 at an astonishing pace. At Rarity Sniper, we’ve reported on dozens of Web3 projects and investments from gaming companies this year.
Listed below are some recent headlines from Rarity Sniper related to gaming and Web3:
- GameStop Launches Gaming NFT Market on Loopring
- Gaming Creator of PUBG Krafton Jumps into NFTs & Metaverse
- Immutable Announces $500M Fund for NFTs & Gaming
- Magic Eden Launches Web3 Venture Gaming Arm
- A16z Creates a $600M Web3 Gaming Fund
- Animoca Brands NFT Game Publisher Raises $75M
Perhaps it should come as no surprise that the gaming industry is bullish on Web3 and the metaverse. Blockchain-based games enable players to buy, sell, and trade NFTs, earn in cryptocurrency, and have more immersive experiences in virtual and augmented reality-based worlds. And according to Bloomberg research, gaming could make up $400 billion of the metaverse sector’s revenue by 2024.
Right now, the only thing holding the industry back in Web3 is the gamers themselves, who’ve criticized blockchain-based games for over-incentivizing profit while doing nothing to enhance gameplay. Itagaki has already pledged that Apex Game Studio will be focused on performance, so perhaps the new game Warrior will help change some of the naysayers’ minds.