Web3 gaming metaverse aims to revolutionize GameFi

Published at: Oct. 19, 2022

GameFi is one of the hottest buzzwords in crypto right now — but winning over players has proven to be a bit challenging.

Today, most GameFi projects use the play-to-earn (P2E) model, which focuses primarily on earnings and doesn't pay attention to what matters most: fun features that attract and retain gamers. Some projects have been criticized for offering low-quality gameplay, punctuated by janky graphics and difficult-to-understand controls.

But this project says it has the answers — and has the potential to deliver an immersive product that the crypto community has been waiting for.

Artyfact is the first Web3 gaming metaverse that combines the best of the AAA and GameFi worlds using an innovative play-and-earn (PAE) model that puts gaming experience ahead of earnings. It's promising to offer a virtual gaming world with top-tier graphics powered by Unreal Engine 5.

Within its ecosystem, an array of exciting play-and-earn games can be found, as well as a marketplace for 3D NFTs and top events.

Something for everyone

Artyfact's metaverse consists of two distinctive components, each with a different purpose.

Its urban environment will be home to NFT exhibitions and 3D marketplaces — giving users the chance to trade crypto collectibles, snap up virtual real estate, dress their avatar in eye-catching threads, and attend immersive events including concerts, meetings and shows. With fashion playing a crucial role in the metaverse (and top designer brands unveiling new collections) Artyfact also wants its space to feature virtual runway shows in celebration of beautiful apparel.

Elsewhere, its gaming area is where Artyfact "citizens" can do battle in bespoke arenas. Play-and-earn games spanning a plethora of shooter genres are going to be available — with deathmatch, control points and battle royale just some examples.

Beyond new experiences for users, Artyfact also envisages big changes to the way business is done in the metaverse. Virtual billboards will give owners the opportunity to make money from advertising, while influencers and brands have the chance to create an even more solid relationship with their audiences in ways that have never been seen before.

Partnerships have already been established with the likes of TruePNL, York St. Capital, Double Protocol, BrandPad, Zelwin Finance, Eternity and Blockchain Invest and others as Artyfact comes to life.

Lots to look forward to

Artyfact says that it now has a working minimum viable product — complete with features that metaverse rivals such as Decentraland or Sandbox don't offer. Demo videos have also been released that show what players can expect, with realistic and eye-catching visuals accompanied by gripping gameplay.

The project has attracted 100,000 followers across its social networks in multiple languages, and has undergone a Certik security audit and KYC checks of its team to give users peace of mind. In addition, the project has recently started its presale on four launchpads.

And while there have been many achievements to celebrate so far, the hard work doesn't end here. Artyfact's beta launch is scheduled to take place in the next six months.

Besides that, the project's founder, Oleg Boytsov says:

"Our lives have become increasingly digital — with many of us spending 50% of our time online… if not more. But right now, the biggest games, social media and blockchain platforms are failing to fully embrace the potential of NFTs and Web3 — and this is what Artyfact intends to fix."

Artyfact has been integrated with Binance Smart Chain to ensure transactions are processed quickly, complete with low fees and high levels of security.

This material is provided in partnership with Artyfact

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

Tags
Nft
Related Posts
How to get premium high-resolution metaverse and NFT images
You’ve probably already heard of the nonfungible tokens (NFTs) craze as these colorful, almost cartoon-like pictures. And, when you think of the Metaverse, you already see a bright and virtual world viewed from your avatar. With NFTs, most people think of Bored Ape Yacht Club or the famous CryptoPunks. But, what we all want to know: How to get metaverse photos? Or, maybe you’re wondering how to get NFT images? Here’s how to brighten up your virtual life. Do you want to buy, download or create metaverse images? First of all, you need to decide if you want to download …
Technology / April 15, 2022
How to use Minecraft to understand the Metaverse and Web3
What is the Metaverse? The Metaverse is a term coined by Neal Stephenson in his 1992 science fiction novel Snow Crash to describe a future virtual reality-based online world. Some have gone as far as pronouncing Stephenson’s novel a prediction of the future. Before you agree that it’s some mystical peek into the future and invoke the rules of time travel, let’s first investigate what the Metaverse is through the lens of something much more accessible: Minecraft. But, more on this later. Unlike the internet or even virtual reality as we know it today, the Metaverse would be a fully …
Technology / April 23, 2022
How to get a job in the Metaverse and Web3
Can you work in the Metaverse? The Metaverse is the next big career path on which to land an ideal job with firms like Meta, Roblox, Microsoft, OpenSea, The Sandbox (SAND), and the many others constructing it. So, if you want to know how to land a job in the Metaverse, you need to be aware of what your role may look like. Essentially, your job will involve a combination of blockchain, artificial intelligence, 5G, gaming and other Web3 technologies like augmented reality and virtual reality. In this article, learn the basic steps to landing a career in the Metaverse …
Adoption / May 31, 2022
Can the Metaverse exist without blockchain?
So, is blockchain ready to take on the Metaverse journey? In essence, the ideal metaverse must be on blockchain rails, which mandates inclusive incentives centered around creators and users while still offering immersive and seamless virtual experiences. The Metaverse is not just about the experiential elements; it is also about the economic aspects. The financial incentives must be centered around the real value creators. Those who create content, and regularly interact and transact on the platform are the ones who are creating value. While the economic model possibilities are exciting, and several hopeful glimpses of these possibilities have emerged, there …
Blockchain / Sept. 20, 2022
Metaverse success starts with understanding Web3, here’s how
Monetizing Web3 projects requires a look beyond technical updates —a new team of experienced advisors helps businesses get off Web3 on the right foot. From NFT profile images on Twitter to the major rebranding of Facebook to Meta, the pioneers of the corporate world are adopting Web3 at a mind-bending speed —and it’s not a futile effort. Analysts predict an $81.5 billion market for Web3 by 2030, and the business world has no intention to lag behind. Sports, luxury, music and other industries also want to chip in, but keeping pace with such a fast-growing and tech-heavy trend proves a …
Nft / Oct. 27, 2022