The gaming industry has witnessed incredible growth in recent years, with the number of gamers estimated at 3.24 billion globally. Annual revenue for the industry in 2021 was $178 billion, which was more than the global movie and North American sports industries combined.
The global cryptocurrency market has a market cap of over USD two trillion.
Cryptocurrency gaming is a largely untapped market with the top five cryptocurrency-based games having a market cap of just over USD $19 billion. The highest valued project being Decentraland (MANA) with a market cap of $5.6 billion.
The team at DEEPSPACE (DPS) on the Binance Smart Chain blockchain are developing an innovative gaming project that will better bring these two industries and communities together. They strongly believe that for crypto gaming to breakout, games need to learn the lessons learnt by the traditional gaming industry, and employ their best practices. Some of those core lessons include leveraging innovation and ensuring games are highly engaging, fun and involving to play. Many of the current generation of crypto games are too complex or not engaging or fun enough to encourage long term play.
The innovation of Play-to-Earn (P2E) within crypto gaming has been one of its largest catalysts for growth so far. Play-to-Earn enables a player to earn a reward through successful gameplay, that reward is typically in the form of a cryptocurrency, often the game’s native token. Players can sell the rewards for other cryptocurrencies, or fiat money (USD, Euros, GBP etc) on an exchange. With the average monthly salary in Vietnam and the Philippines being under USD $300, P2E gaming has become a legitimate alternative to traditional work.
DEEPSPACE (DPS) offers an expansive metaverse to explore
The DEEPSPACE (DPS) team see immense growth potential for P2E ahead. Their game will heavily leverage P2E together with other innovations and proprietary technology, some of which they do not want to reveal at this time. They can however reveal that a key piece of DEEPSPACE’s proprietary technology enables it to allow seamless integration between their blockchain marketplace on-chain and real-time actions by players. They expect their proprietary technology to be a game changer for the industry.
Their game is set in a 3D space-based metaverse where players can mint (create), buy and trade spaceships, explore, mine for resources and battle AI (Artificial Intelligence) opponents and other players. They have built a custom Non-Fungible Token (NFT) marketplace where a player can mint a spaceship, buy and trade craft.
Players will be able to improve their ship’s properties through successful gameplay and/or upgrading their ship by purchasing upgrades such as additional weaponry, armor, new engines etc. Upgrades will take the form of Semi Fungible Tokens (SFTs). SFTs combine the features of fungible and non-fungible tokens, they act like fungible tokens until they get used.
DEEPSPACE’s (DPS) custom NFT marketplace
The team spent months getting DEEPSPACE’s foundation’s right: game mechanics, infrastructure, concept designs, metaverse lore, community and tokenomics.
An early alpha of the game is available to play now on a testnet, with the mainnet/production release scheduled for later in 2022. The starship NFT marketplace will be launching in mainnet/production early March 2022. The team have an aggressive roadmap and will be releasing new features and metaverse elements throughout 2022 and beyond.
With their focus on gaming, innovations and proprietary technology expect DEEPSPACE (DPS) to be one of the breakout games of 2022.
DEEPSPACE (DPS) is available on PancakeSwap, Flooz.trade or DEX Trade.
Useful DEEPSPACE Links:
Image: DEEPSPACE (DPS) alpha game (available to play now)
