Key Takeaways
- Wombat X accelerator empowers innovative Web3 gaming projects with grants, education, and access to a vast gaming community.
- The program includes three classes covering the industry’s best practices, with at least five games being accepted per class. To apply, applicants must meet certain requirements.
- Web3 gaming struggles to attract traditional gamers due to an overall developer shortage and flawed user experience.
- Wombat X aims to facilitate a more mature Web3 gaming ecosystem by providing members with tools to build a strong foundation and further growth opportunities.
In the face of rising inflation and harsh market conditions globally the web3 gaming industry continues to grow raising $4.5 billion in venture capital in 2022, and attracting over $739 million in investments as of Q1 2023. Yet, Web3 gaming continues to fail at any mainstream success, and the developer shortage and eye-soaring UX plaguing the industry, certainly does not help. harming its ability to attract traditional gamers.
Combatting this, Spielworks, a leading blockchain startup specializing in gaming and decentralized finance (DeFi) solutions, announces the launch of its Web3 gaming accelerator, Wombat X.
The accelerator program aims to empower Web3 gaming projects to develop, enhance their gaming experience and grow their audience within the Wombat ecosystem.
Enrolled Web3 games will gain access to grants and education, enabling them to bootstrap Wombat’s audience. They will also gain access to the Wombat gaming community – Web3’s biggest community of gamers.
Wombat X has a list of notable partners, including Cronos, the first EVM-compatible Layer-1 network built on Cosmos SDK supported by Crypto.com and over 400 developers and partners. Other partners include Newcoin, a Web3 infrastructure that integrates economic, social, and cultural exchanges into an intuitive flow, solving network fragmentation problems, Avicenne, EOS Network Foundation, Lifty, and Beamable.
Despite VC flocking to crypto gaming space last year, critics point to the overall developer shortage, flawed UX, lack of sustainable models, and solid content-creator strategies as reasons for Web3 not being able to be a reliable gaming ecosystem.
Wombat X accelerator aims to solve these problems by enabling innovative Web3 games to register and bootstrap Wombat’s audience, with each game receiving invaluable exposure to its gaming audience for free, coaching, and fast-tracking in Cronos’s own grant program.
The program includes three yearly classes covering the industry’s best practices, with at least five games being accepted per class.
To apply for Wombat X, applicants must meet certain requirements, such as a playable demo release, integration with Wombat as the preferred login option, integration with Cronos or one of Wombat’s supported blockchains, a share of 0.3 percent of your token supply for Wombat’s audience, and integration with Wombat’s Tracking software development kit (SDK).
Adrian Krion, Spielworks’ CEO, and Co-Founder believes that Web3 gaming is in its beta stage, and there is a pressing need to establish best practices around game development to ensure the industry’s long-term sustainability. By working with a wide range of promising Web3 gaming projects and startups, Wombat X aims to facilitate a more mature ecosystem.
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