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BVI Tortola – (Newsfile Corp. – January 11, 2022) – announces GamesPad, a new crypto game ecosystem aimed at solving some of the biggest problems with GameFi space. This is a next generation platform at the meeting point of NFT, gaming and metaverse development. It also includes a support system aimed at helping game developers tackle some of the major challenges they face when creating new Play-to-Earn games. In short, once fully operational, it is the gaming incubator that is driving the growth of the GameFi segment.
For most of the past year, no part of the crypto market has been hotter than GameFi. It’s driving the explosive growth of crypto games, with the average daily player growing from 88,000 in early April to 1.33 million by the end of October. These players now generate around $544 million per day in gaming-related transactions, demonstrating an industry-wide value proposition.
However, with the rapid expansion, there were some growing pains. This sector, like all the hottest areas of cryptocurrency development before it, has attracted a large percentage of fraud. Also, since many developers are trying to create new and innovative games, finding the financial and technical support needed to succeed is not easy.
GamesPad addresses these issues in several ways. First, it includes a rigorous due diligence process for all participating developers to eliminate potential fraud. Developers can then access the distributed VC system to raise the funding needed to start a new game project. And when that happens, we also provide mentorship and guidance to help new developers set up and run their game studios like well-known professionals.
However, releasing new games is not the only purpose of GamesPad. It is also designed to democratize investor access to new profitable GameFi projects. This is a mission central to the GamesPad concept. The co-founders believe that funding for new games should be as decentralized as the infrastructure on which they depend. This platform provides the opportunity for individual investors to invest behind promising new games on a par with traditional venture capital and institutional investors.
To support game developers and investors alike, GamesPad also includes an NFT marketplace and an aggregation service. Its purpose is to always provide creators and buyers of NFT with unprecedented market insight. To achieve this, we collect real-time data and provide visualizations to help buyers understand broader trends in the NFT market as a whole. They can use this information to better plan NFT buying and investing strategies without leaving the GamesPad platform.
Getting all these aspects of the planned GamesPad platform up and running is no easy task, but GamesPad has put together an impressive group of backers to help with that. To date, such backers include such well-known investors as:
î Brand Animoca
î Spark Digital Capital
î Yield GuildGamesSEA
î Infiniti Ventures Capital
î Senctor Capital Fund
î TPS Capital
Double Peak Group Limited
î GD10 Capital Holdings Ltd.
Ï Chema Capital
î Ricky Capital
î Genblock Capital
î Kenyan capital
Together, they bring a wealth of experience in and out of the crypto industry, helping GamesPad ensure its mission. Also, due to the fact that GamesPad’s mission is at the heart of the continued rise of the entire GameFi space, the industry is very keen to be left behind.
Its mission is to be a trusted one-stop shop for GameFi developers and investors to connect with each other. GamesPad will begin rolling out several key features of the platform over the next few months, following the current roadmap. Also, according to Eran El Hanani, co-founder of GamesPad, the project will be announced by IDO, which will take place before Christmas 2021.
By that time, the platform also expects to have already started trading in order for investors to participate. At the same time, the platform is also responding to inquiries from developers who are trying to add projects to the GamesPad ecosystem. Successful projects will be included in the list of in-house development projects that should start emerging in the first quarter of 2022.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108567.