Blockchain Gaming Goes Mainstream: Galactic Group Leads the Charge

10x Industry

Mokshita P.
10x Industry
Published:

Blockchain Gaming Goes Mainstream: Galactic Group Leads the Charge

Led by gaming industry veteran Loren Roosendaal, engages fans in universe-building and introduces blockchain-based play-to-own model, aiming to reshape gaming industry dynamics.

There’s an announcement about launching a new division dedicated to web3 gaming publishing. They're calling it Galactic Entertainment Publishing, and it's led by a guy named Loren Roosendaal, who's a big deal in the gaming industry. He's got some heavy hitters backing him up, like Mark Meyers, who used to work at Disney's AAA Studios.

Now, they're not just diving into this blindly. They're doing something really cool where they're involving the community right from the get-go. Remember the PlanetQuest franchise? Well, they got over 250,000 fans involved in creating the storyline and lore for it over the past couple of years. They're even releasing books, comics, and a game based on it soon. It's like building a universe together with the fans, which is pretty awesome.

The way they see it, the current Free-to-Play model for games is starting to show some problems. Lots of money is being spent on ads, which just ends up making games more expensive for players because they have to shell out for in-game purchases. Galactic wants to change that by rewarding players for their participation and involvement in the game's development.

They're introducing a play-to-own model, using blockchain technology. This means players can actually own and trade in-game items and even whole planets within the game's universe. No more worrying about losing everything if you try to sell something on the black market. And they're not just stopping at games—they're planning to expand this model to other forms of entertainment too.

Galactic's first franchise, PlanetQuest, is already making waves with a campaign to give fans in-game currency. Plus, they've secured the rights to create a similar play-to-own gaming universe for a huge Hollywood movie franchise.

The global market for blockchain gaming is booming, and the UAE is getting on board with the technology too. So, Galactic Entertainment's timing couldn't be better. They're aiming to shake things up and maybe even spark the next big revolution in gaming.