Bluzelle launches Capella NFT marketplace for Web3 games
Bluzelle, a decentralised data network based in Singapore, has introduced the Capella NFT marketplace for Web3 games that use blockchain technology.
A faster trading process and the fact that Capella provides simple access to NFTs and gaming collectibles within the Cosmos ecosystem set it apart from other comparable offerings. The launch coincides with the rise in popularity of non-fungible tokens (NFTs) and fungible tokens (SFTs) in Web3 games.
According to Bluzelle executives reported by cryptodaily.co.uk, during the development of their new GAMMA 4 game, NFT solutions that were already existent in Cosmos could not satisfy their game’s criteria. By providing access to truly decentralised storage and compatibility with other Cosmos chains, Capella was developed to overcome this problem.
NFT marketplaces built on Cosmos are struggling with a number of challenges, including their inflexibility when it comes to supporting SFTs, which are popping up more and more in Web3 games. To solve this issue, Capella offers the convenience of smooth trading and easy access to NFTs and gaming collectibles within the Cosmos ecosystem to both gamers and developers. The objective is to reduce the usefulness and ability of gaming assets to be resold in secondary markets.
The decentralised storage solution R2 from Bluzelle protects the security of gaming assets on Capella. The goal of the solution was to give game developers peace of mind regarding the security of their game data. Moreover, R2 provides a comprehensive solution for token storage and does away with the necessity to move NFTs between chains.
Blockchain gaming market size predictions
The global blockchain gaming industry was estimated to be worth USD 5.41 billion in 2022, and Polaris’ most recent research indicates that it would grow at a CAGR of 68.9% to reach USD 1,020.02 billion by 2032.
The industry for blockchain games is projected to see increased demand as more people switch from playing traditional games to blockchain-based ones. Due to the very nature of blockchain-based games, which enable players to use in-game digital assets—a feature absent from traditional games—market expansion is anticipated to pick up speed. For instance, users can obtain incentives and in-game items through a number of Bitcoin gaming projects. The Play-To-Earn (P2E) model is one example of the numerous real-world ways that players can make money with blockchain games.
Geographically, the Asia Pacific area is expected to create considerable growth and market share for the blockchain gaming industry. A growing number of new businesses and investments from various international market participants in the area have an impact on market growth. The Asia Blockchain Gaming Alliance was established in November 2021 to promote blockchain gaming in Asia.
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