As part of our comprehensive range of development services at Starloop Studios and the wider Magic Media group, we offer high-quality Web3 game development services. Though Web3 gaming is relatively new and novel in the industry, it’s an expanding area that’s expected to grow from strength to strength.
Web3 game development presents fresh opportunities to craft engaging games that would otherwise be impossible to develop through more traditional means. We’ve had numerous successes with Web3 game development in the past, and we’re always looking ahead to further opportunities in this space.
What is Web3 Game Development?
Web3 game development entails crafting games that leverage blockchain technology and often cryptocurrencies. As opposed to traditional games, Web3 games are developed using decentralized networks which allow for improved security and transparency in transactions and game mechanics.
Web3 game development projects are designed so that players can truly own in-game assets like characters, skins, and weapons that are represented by non-fungible tokens (NFTs). Often these NFTs are interoperable with other games, making them of great value. NFTs can be traded and sold directly by their owners without third-party intervention across different platforms.
These transactions are considered to be safe and secure thanks to the decentralized nature of Web3 games. Technology like Smart Contracts ensures that trade and reward agreements are enforced thanks to the contracts containing hard-coded and self-executing terms.
Web3 Game Development Services and Experience
One notable Web3 game development project we lent our services to is Binamon, a PvP-based MOBA title that uses NFTs. We were tasked with providing full-cycle game development services for this project while also implementing NFTs into our game design.
The broader Magic Media group delivered our Web3 game development services to The Goombles, an endearing tower defense game on the Cardano blockchain with a unique visual design centered around confectionery and sweet treats. We were a co-development partner on this project and worked on every aspect of the game.
Another major Web3 game development project is Blankos Block Party, a party-based action platformer. We worked on Blankos Block Party in partnership with Mythical Games, where the Magic Media group provided several services such as multiplayer development, 3D game art, load testing, and more. The game is built on a private permissioned blockchain platform and was central to our service delivery.
The Web3 Game Development Market
In 2024, the Web3 gaming market is growing from strength to strength, with blockchain-based games accounting for 30% of blockchain activity and 2.1 million active wallets per day. Undoubtedly, the gaming industry is currently and will continue to be a driving force for Web3 adoption and usage. There has never been a better time for Web3 game development services providers like Starloop Studios and Magic Media to focus on these services.
Reports suggest that the Web3 gaming market is set to soar to a value of 614 billion US dollars by 2030, which would mark a threefold increase compared to figures from 2023. In September 2024 alone, blockchain games tokens’ market cap increased by 29.2%. If recent trends are anything to go by, the Web3 gaming market is set for a seismic shift toward significant growth and success.
We’ve seen in our experience working with various clients that top-tier gaming industry talents are buying into Web3 game development projects. We’ve worked on numerous projects that have featured talented formerly of major AAA development studios and publishers from all over the world who are looking for new challenges, and the next big thing in the gaming industry. Though time will tell, the positive projections for Web3 gaming by 2030, the month-over-month increases in activity, and the raw talent involved suggest a bright future.
Starloop Studios is a veteran services provider for gaming projects of all scopes and styles. Our services include but aren’t limited to full-cycle development, game porting, and much more in addition to the Web3 services as discussed above. Contact Starloop Studios to learn more!
