JAKARTA – French mobile game developer Voodoo reportedly received an injection of US$200 million from Goldman Sachs and Tencent. The funds are intended for the development of blockchain-based games.
The fusion of the gaming industry and blockchain has given birth to a new generation of games called GameFi. Players will get rewards in the form of crypto and NFT. They can also trade NFT directly in the game. This is a new monetization way that many people like, play-to-earn.
According to Alex Yazdhi as CEO of Voodoo, blockchain will change the gaming industry as it is known today. The use of blockchain for the gaming industry enables the addition of digital assets and unique NFT items.
Yazdhi also added that the ownership of digital assets will make players more interested. Coupled with the process of exchanging, collecting, trading and storing assets or items in the game which is a perfect tool to make gameplay more interactive.
The $200 million will be used to fund companies that are just starting to make their way into blockchain-based game development. Voodoo is looking forward to the creation of about 20 in-house studios focused on blockchain game development.
Blockchain which is a transaction logging and verification technology finds a new use case in the form of NFT, which has become a billion dollar industry.
The GameFi industry uses blockchain technology to verify unique tokens and as a database that can be accessed from multiple private networks. By adding various records to the chain, anyone can access them but cannot modify or delete the records.
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