Kevin Shao, CEO of the Asia Blockchain Gaming Alliance (ABGA), says he is hopeful of three “triple A” blockchain game titles that could help propel GameFi into the mainstream and rescue it from the bear market.

Speaking with Cointelegraph during Asia Crypto Week, the CEO said one hurdle preventing widespread adoption is that current GameFi titles often focus on non-fungible tokens (NFTs) and play-to-win (P2E) features without concern for the “performance of the game, ” and the enjoyment of the users.

In a P2E model, players typically purchase an NFT to play and can earn gaming tokens which can then be converted into Bitcoin (BTC), Ethereum (ETH), fiat currency, or stablecoins.

While acknowledging that these current GameFi titles are enjoyed by many, Shao says that future titles must find a “balance” to suit different users’ tastes if they are to become popular.

Asia Blockchain Gaming Alliance CEO Kevin Shao in Singapore

In his opinion, by moving away from the “existing lineage of projects,” developers could begin to follow the lead of the mainstream game industry and incorporate features for people who want to play “for fun,” rather than profit.

During a presentation at a conference in Singapore, Shao highlighted three upcoming AAA titles that he believes are shaping up to have the changes the GameFi industry needs: Illuvium, Phantom Galaxies, and Big Time.

Illuvium is an open world exploration, NFT creature collector and auto combat game, Phantom Galaxies is a third-person online role-playing game that uses NFTs to customize mechs, and Big Time is an action-hunting game. RPG monsters with NFTs that are used to customize weapons and clothing.

Related: Crypto Gaming Sucks, But Developers Can Fix It

Shao said they have “very good teams” behind them and a host of investors that could allow them to do “something different,” at least “compared to other recent projects,” and it could be a game-changer for GameFi if they can build a solid foundation. user base before the next bull market.

According to Shao, we will most likely see the result “maybe this year or next year.”

The Asia Blockchain Gaming Alliance (ABGA) was launched on November 25, 2021 in Singapore and is a non-profit organization co-sponsored by gaming industry institutions.



This post 3 ‘blockbuster’ titles that could save GameFi: ABGA president

was published first on https://cointelegraph.com/news/3-blockbuster-titles-that-could-save-gamefi-abga-president

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