ℹ️Introduction

We at Playgendary have been watching blockchain technology for many years. As one of the market leaders in mobile gaming with over 3 billion downloads and 500+ million active players, we are constantly looking for innovations in the gaming experience. And together with our partners Galactic3 we're opening a new chapter in the history of our company.

Blockchain has changed the internet forever, moving it to a new state called Web3. Web3 has given us a host of new mechanics related to the creation of in-game token-based economics. The problem of trust has been solved. Now games can safely create free markets, and monetize for players the effort and time spent on the game. It has changed the games industry forever, creating a new market called Game-Fi.

According to DappRadar, in the last week of June, gaming accounted for 112 million, or 75%, of a total of 150 million weekly blockchain transactions (while only accounting for 0.3% of the industry's total volume in that same week). Furthermore, according to DappRadar, there were 398 active blockchain games in January 2022, up 92% from one year ago; as of April 2022, that number had jumped to 455 active games.

There is already a steady demand for Web3 games, and the interest from players and developers will only grow with time.

Web3 games have already shown that they can become super hits. A case in point is Axie Infinity's phenomenal growth. The first time a Web3 game reached such lofty heights that it became a real worldwide hit.

Millions of people around the world played the game every day. And 25-30% retention after 90 days surpassed the gaming industry's benchmarks.

But while Axie Infinity is a browser-based Web3 game, STEPN recent growth has shown that mobile apps can work well with token-based economics, too. Millions of people around the world who used to be far removed from Web3 started buying NFTs, creating wallets, and getting rewards in tokens.

The emergence of stable demand for Web3 games, as well as the first million hits, is a strong signal that a new growth point for the gaming industry will be right there.

All this could not leave us indifferent at Playgendary. So we decided to take a risk.

And together with Galactic3 enrich one of our most successful games - Tomb of the Mask with a new Web3 experience.