Attracting large-scale users has proven to be a significant challenge for Web3, primarily due to the high entry barrier it presents. Obscure technical jargon, intricate mnemonic phrases and private keys, along with the prevalence of phishing scams, all contribute to this barrier. These obstacles naturally dissuade Web2 users from delving into the world of Web3.
Surprisingly, gaming has emerged as a driving force behind the adoption of Web3 technologies. In early 2021, there were merely 27,000 Web3 game users; however, this number surged to 2.58 million by December 1, 2021. Market data predicts that the blockchain gaming industry will expand from $4.6 billion in 2022 to an astounding $65.7 billion by 2027.
Casual games boast the highest penetration rate among all game genres. With popular titles like Temple Run and Candy Crush on almost every smartphone, casual gaming has become ubiquitous. According to a Statista report, as of February 2023, casual games have accumulated 20.78 billion global downloads, constituting 78% of total game downloads. Moreover, the average daily usage time for casual games has reached 24.3 minutes, coming second only to social applications.
Recognizing this potential, Gameta has chosen to focus on a subset of casual games—hyper-casual games—as a gateway to bridge the gap between Web2 and Web3. By leveraging enjoyable and user-friendly mobile games, Gameta aims to attract a broader range of Web2 players to experience the benefits of Web3.
What is Gameta?
Gameta is a Web3 NFT entertainment ecosystem that initially began its development on the Solana network before transitioning to the BNB Chain in August of the previous year. The platform's primary focus is to offer infrastructure and distribution services for hyper-casual games. Currently, all games on the platform are developed by the official Gameta team, with plans to incorporate third-party content providers in the future.
In April, Gameta successfully secured $5 million in seed funding, with prominent institutions like Binance Labs, Arcane Group, Gate.io Labs, Ceras Ventures, and Huobi Ventures contributing to the investment. Furthermore, Gameta has forged partnerships with leading Web3 projects across a range of domains. These collaborations encompass Zebec Protocol (a streaming payment protocol), Assure (a multi-chain aggregation wallet), Particle Network (a Web3 development platform), MixVerse (a VR/AR/H5 multi-terminal metaverse platform), and Gosleep (a Web3 lifestyle product).
As per the official website's data, the Gameta platform currently boasts nearly 540,000 monthly active users and approximately 380,000 community members. Gameta also holds the top rank as the most active dApp in the BNB Chain's gaming category.
Gameta's Hyper-Casual Game Ecosystem
Gameta has created a highly engaging, user-friendly, and reward-driven hyper-casual gaming ecosystem, offering a seamless gaming experience for Web2 players transitioning into the Web3 world.
As of now, Gameta has launched a total of 14 games on its platform, all of which can be downloaded from the Google Play app store. Furthermore, the team possesses a collection of more than 200 games, guaranteeing a consistent flow of new content for at least the next two years.
Among the released games, four games have attracted over one million users: parkour games Ghost Run and FrogPrince Rush, Invest Master, and the stacking game Human Tower. Notably, Ghost Run has secured the top position for P2E games in the gaming categories of both Solana and BNB Chain.
Hippo Dash, Gameta's most recent NFT parkour game, made its official debut in May. Throughout its initial 7-day public beta period, the game accumulated over 1.02 million plays and 1.57 million minutes of total playtime. Furthermore, DappBay statistics reveal that Hippo Dash has over 50,000 weekly active users, earning it the top spot among BNB Chain gaming dApps.
Gameta enables players to seamlessly transition into the Web3 realm without requiring knowledge of its intricate workings. Players can easily search for and download games via the official website link or Google Play. Once installed, Gameta automatically generates a random encrypted wallet address and mnemonic for the player. This wallet address acts as a universal identifier on the Gameta platform, providing users with access to all applications and allowing them to earn rewards such as NFTs and tokens.
The games in the Gameta ecosystem are designed to be simple and easy to play. The gameplay experience closely mirrors that of traditional Web2 mobile games, with the notable distinction that all in-game activities are recorded on the blockchain. In the recent Hippo Dash game, for example, players take control of a running hippo and navigate through various obstacles while dodging traps. To attain higher scores and earn more significant token rewards, players need to cover as much distance as possible, collecting treasures throughout their journey.
Gameta Economic Model: Dual Tokens and NFTs
The long-term sustainability and health of a Web3 game project hinge on its economic model. Gameta's economic framework is built upon a combination of two tokens and non-fungible tokens (NFTs).
Cryptocurrencies have established a fluid market connecting Web3 games with real-world currency. Gameta adopts a dual-token approach, incorporating the governance token HIP and the P2E token GDO.
- HIP Governance Token
HIP serves as the governance token for the Gameta platform and has a total supply of 1 billion. As per the roadmap on the official website, the project team intends to launch the issuance and airdrop of HIP within the current year.
HIP can be used for various purposes, including in-platform purchases, reinvestment, transaction fee payments, and acquiring specific limited NFTs. The team plans to introduce Hippo Club's decentralized autonomous organization (DAO) in the fourth quarter, facilitating decentralized governance within the community. By holding HIP tokens, users automatically become DAO members and gain the ability to participate in the project's governance.
The HIP token distribution is as follows:
- GDO In-Game Token
GDO, an indefinitely issuable utility token, acts as the cornerstone of Gameta's game economy.
Holders of Hippo NFTs can earn GDO while playing the game. GDO can be used to buy game items, prolong playtime, or be directly exchanged for the stablecoin USDC at the prevailing rate. In the future, GDO may also incorporate further DeFi strategies, such as staking to generate income.
HIP, a token with a limited supply, has the potential to increase in value over time. In contrast, GDO is an infinite-supply token, minted and burned as required to preserve the game's balance. This dual-token approach distinguishes speculation from the game economy, catering to players' diverse needs and ensuring price stability within the gaming ecosystem.
Gameta has developed two distinct categories of NFTs: platform NFTs and in-game NFTs. Both types of NFTs can be leveraged for trading and generating profit.
- Platform NFT
Platform NFTs are equity-based NFTs. Users owning platform NFTs receive certain privileges, such as priority access to airdrops and early bird rewards.
- In-Game NFT
In-game NFTs typically serve as game props, helping users achieve higher scores (and consequently, higher token rewards) in the game.
Rekindling the Essence of Gaming
Web3 games have, at times, strayed from their intended path. The emphasis on engaging gameplay has been overshadowed by an excessive focus on financial elements. When a game relies solely on speculative tactics, such as cash grabs and airdrops, it struggles to retain a dedicated player base. As soon as the "bubble" surfaces, users won't think twice before leaving the game behind.
For sustainable development, Web3 games should prioritize the core principles of gaming by ensuring players can earn rewards while truly relishing the gameplay experience, rather than solely focusing on financial gain. Gameta leverages hyper-casual mini-games as a gateway, placing emphasis on game quality and providing a seamless Web3 integration experience for users. This strategy allows Gameta to quickly amass millions of authentic players within a brief timeframe.
Gameta's ambitions reach even higher. The platform plans to enable third-party game integration by the fourth quarter of this year, diversifying its business model. As more third-party dApps join the platform, Gameta will persist in growing its user base across a range of market segments.