Game Space announces the launch of GameFi-as-a-Service

SINGAPORE, April 22, 2022 (GLOBE NEWSWIRE) — Game Space, a one-stop GameFi-as-a-service [GaaS] platform for AAA game titles and studios, announced the launch of its industry-first GaaS platform. Game Space provides a unique GaaS program for major game companies and AAA titles – a line of code SDK [SDK] integration and an NFT exchange. Thus helping GameFi projects to shorten their launch time by up to six months and significantly lower the threshold for game companies to enter Web3.

Game Space is focused on a one-stop solution for AAA game studios, ensuring there are no limits for partner game companies. And Game Space delivers that by using a flexible technology stack in tandem with EVM and non-EVM public chain compatibility. Additionally, the Game Space system allows the SDK integration to work with any game engine, eliminating restrictions or incompatibilities.

Game Space believes that GameFi-as-a-Service represents the next stage of Web3 growth.

Advantages of the Game Space GaaS platform

Instant gratification is a big driver of Web3 adoption. Businesses want seamless access to core services that someone else provides and manages. Deloitte CEO Mohit Mehrotra said, “Several other forces are driving the popularity of software as a service, including the desire for customization and access rather than ownership. Additionally, the GaaS model , in particular, democratizes business functions, ensuring that they don’t need to spend time and money building departments or software—now they can deploy GameFi games out of the box.

Eight in 10 companies say “software as a service” has helped their organization reinvent business processes, develop new products and change the way they sell to customers. Additionally, Game Space offers businesses far more flexibility than those listed.

While the GameFi industry is experiencing a massive boom, it’s obvious that Game Space has had so much success so far; raise an initial funding round of over $7 million from investors, VCs, publicly traded game companies and highly accredited exchanges. With its current startup cycle ending in Q3 of 2022 and its private cycle open through Q4, this will provide Game Space with the resources to work with renowned AAA game studios.

Gaming companies cannot upgrade their systems to Web3 fast enough to keep up with market demand. Users expect changes and new content instantly. The reason for Game Spaces early success is their ability to work with major AAA game studios to help them upgrade their games to Web3 in days and be able to add or remove what they need in real time and their own leader. . Game Space has helped traditional game companies transition to GameFi apps and combines its GaaS software offering solutions that meet the needs of every business and consumer.

Play space and play: the correlation

The Game Space model is a natural fit for gaming. Medium and large businesses must compete for sales in a crowded marketplace. With Game Space, businesses can launch a direct-to-consumer multi-channel solution without creating anything in-house. Everything the business needs is available.

Game operators can effectively distribute game NFTs through mystery boxes, airdrops and lists through the game space management system. Game Space has also linked multiple channels and networks with a one-to-one deployment solution button to help game companies quickly publish to multiple mainstream public channels, including BSC, ETH, SOL, POLYGON, etc.

The released Game Space GaaS platform has been in development for over a year. The new funds will go towards the development of the GaaS platform, including the second phase of the NFT exchange engine, multi-chain deployment, enterprise admin panel, Gaming DAO components, inter-game NFTs , etc.

Game Space handles all technical aspects of maintaining a safe and secure system. Getting development, token economics, and business processes right is a big job, and it can be expensive to build a team to get it done. However, using the Game Space GaaS platform can save up to 90% of upfront costs compared to developing such a system in-house.

Game Space is the perfect solution to help game businesses because they already have the knowledge, people, processes, technology stack, partners, and SDK ready to go. Game Space is a way for companies to focus on what they do best while outsourcing the parts where they aren’t as strong. Game Space acts as a plug-and-play system, allowing businesses to choose the business services they need and forget about the ones they don’t. Game Space is the next step in the evolution of GaaS and will continue to connect and collaborate with major corporations and gaming guilds around the world.

The GameFi industry

According to DappRadar, prominent VCs invested a record $4 billion in GameFi in 2021, up from $80 million in 2020. Capital invested in GameFi in 2021 is 5,000% higher than in 2020, and in 2022 , over $6 billion has been raised in the GameFi industry for companies like Mobox, Sandbox, Epic Games, and more.

This remarkable growth is evident in the way OpenSea, Rarible and other major NFT marketplaces have disrupted traditional Web2 services. The same is happening now with Game Space, which provides game companies with a fast and cost-effective GameFi-as-a-Service platform that can help their Web1 and Web2 games transition smoothly to Web3.

Game Space has already signed strategic cooperation with some listed game companies, and several AAA-rated game titles are already testing access to the Game Space GaaS system. These game companies will complete chain reform in the second quarter of this year and release blockchain versions of their games by 2022. Many titles have over 10 million users in Southeast Asia, Japan, in South Korea and South America.

About the play space

Game Space is a one-stop GameFi-as-a-service platform for AAA game studios and titles to enter the world of GameFi. Facilitating the smooth transition to web3, Game Space simply asks game studios to integrate a suite of SDKs provided by the GaaS platform. Incorporating seamless integration, Game Space provides a super convenient SDK that’s also easy to install, with just a bit of code, and run online.

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