In a strategic move towards the burgeoning sector of Web3 gaming, Moonbeam Network has announced its collaboration with Animo Industries.
This partnership marks the entry of another significant contender in the Web3 gaming domain, with the upcoming launch of Stars Arena, anticipated to be available on platforms including PlayStation, Epic Games, and Nintendo Switch. Critics, however, speculate whether Moonbeam’s entry might be somewhat delayed.
Cryptocurrency and NFT Trends
The year 2023 witnessed a downtrend in the cryptocurrency market, a phase during which many investors and gamers stockpiled tokens, making bold moves within the gaming landscape.
All this while Non-Fungible Tokens (NFTs) were redefining industry standards. With cryptocurrency values now on an upward trajectory, NFTs have become commonplace in the marketplace.
Optimism and Technological Integration
Moonbeam Network remains optimistic about its venture, citing the partnership with Animo as a pivotal step towards achieving significant advancements in the gaming industry.
The collaboration aims to harness blockchain technology‘s capabilities to enrich the gaming experience for users. Stars Arena is set to integrate the worlds of NFTs, multiplayer gaming, and tangible collectibles, striving to dominate the sector despite its late market entry.
Overcoming Industry Challenges
The industry faces challenges such as integrating Web3 functionalities for players and maintaining gameplay quality on par with conventional gaming.
Moonbeam Network intends to overcome these hurdles by concentrating on enhancing the user experience, prioritizing it over the aspects of earning through tokens.
Leadership Perspectives
Eduardo Cabrera, CEO of Animo, expressed his selection of Moonbeam for its distinctive market presence and its ability to offer a seamless integration for ANIMO’s offerings. Cabrera looks forward to providing a robust platform on Moonbeam Network for players to manage their digital assets.
Foundation’s Commitment
The Moonbeam Foundation highlighted the collaboration as a testament to their mutual dedication to expanding the reach of Web3 gaming among a wider audience.
Moonbeam’s goal is to evolve blockchain applications beyond the Play2Earn model, focusing instead on the user experience.
NFT Collection Success
Animo’s NFT collection has notably generated over 3,000 ETH in trade volume since December 2021, amounting to approximately $7 million. To put this in perspective, one ETH is currently valued at $2,827.12, representing an increase of 0.88% in the past 24 hours and a 14.41% rise over the previous week.
Anticipated Launch
The anticipated public launch of Stars Arena is set for March 1, 2024. This event aims to provide gamers with a novel and immersive gameplay experience, contributing to the expanding Web3 gaming market and attracting a significant user base to the decentralized web.
