Moonbeam Network said it is entering the Web3 gaming sector by collaborating with Animo Industries. Smart contract platforms joining hands with gaming studios have paved the way for other players to enter the market. That will also happen with Stars Arena, which is scheduled for release on PlayStation, Epic Games, and Nintendo Switch at a later date. However, some experts believe Moonbeam Network may be late to the party.
The final year, 2023, was a time when the cryptocurrency market was sluggish. This allowed players to accumulate tokens and take big steps in the game world. Moreover, NFTs were breaking every possible standard in the industry. Cryptocurrency prices are rising and NFTs have become almost a standard in the market.
Nevertheless, Moonbeam Network is confident in this move. He said that his strategic partnership with Animo will enable him to make great strides in the gaming field. They also made it clear that they plan to leverage the potential of blockchain technology to improve the player experience.
Stars Arena encompasses all aspects of NFTs, multiplayer video games, and physical collectibles. Their goal is to lead the district from the front at the latest. to the party.
Issues such as onboarding players to Web3 and gameplay quality compared to traditional games are widespread across the ecosystem. Moonbeam Network seeks to overcome these challenges by focusing solely on user experience in general. This takes precedence over the token acquisition mechanism.
Eduardo Cabrera, CEO of Animo, said the company chose Moonbeam because it stood out in the market for supporting ANIMO. Eduardo said he’s confident players will now be able to find a home for their items on the Moonbeam Network.
Sicco Naets, Head of Ecosystem Development at Moonbeam Foundation, issued a statement in this regard. Sicco said their partnership represents a strong signal of their joint commitment to bringing Web3 games to a broader user base. Naets also stated that he aims to take blockchain beyond the realm of the Play2Earn model by focusing more on user experience.
Animo’s NFT collection was last seen generating over 3,000 ETH in trading volume since December 2021. This equates to approximately $7 million. For better reference, at the time of writing, one ETH is trading at $2,827.12. It has increased 0.88% in the last 24 hours and surged 14.41% in the last 7 days.
Stars Arena is tentatively scheduled for release on March 1, 2024. The launch will be open to the public, allowing gamers to enjoy an immersive new gameplay experience.
Web3 games continue to lead the market and drive millions of users to the new decentralized web. Stars Arena will soon become part of that ecosystem, leveraging the existing ecosystem in that area while also contributing some.