- February 21, 2022
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Geopoly is gaming studio Widow Games’ latest entry set to combine the potential of Non-Fungible Tokens (NFTs) into a Gaming model which has seen impressive levels of adoption since 2021, called Play-to-Earn (P2E). The studio records over 1.5 million subscribers and has turned into the NFT sector to continue a long history of achievements, milestones, and what could be one of the biggest success stories for a company in Latin America.
The studio behind Geopoly was founded a decade ago, back in 2012, in Argentina and started gaining recognition by taking popular board games and transforming them into their digital forms. The studio digitalized Ludo, War Strategy, T.E.G., and many others.
Due to their success, the studio was able to expand across the region and enter other markets. They continue to gain more relevance after one of their games called “Jogos de Vida da Estrela” became one of the most played in Brazil with 10 million total minutes played and 1.5 million games initiated.
3 years ago, tech giant Google selected Widow Games, from over 1,700 other projects to participate in its Indie Games Accelerator program. Candidates from over 37 countries around the world tried to enter the program; Widow Games was selected with other relevant names in the sector, including Avix Games, Sandstorm Interactive, and Blyts.
This initiative was created to distinguish high potential indie games studios to provide them with direct access to Google, its products, and resources and teach them how to grow a “successful game company”, according to the program’s official website.
Widow Games won this acknowledgment under the leadership of Martin Spinetto acting as its CEO. Spinetto has a long list of successes in his career and held leadership roles as Marketing Director for Latin America at Microsoft.
A Look Inside Geopoly, How The P2E Model Will Revolutionize Gaming
Before its on-chain deployment with a play-to-earn model, Geopoly was a free-to-play app recording impressive numbers. The app boasts of over 10,000 downloads and highly positive reviews, with ratings going all the way up to 4.9 out of 5.
Geopoly received most of its praise from gamers with a taste for business and financial-oriented gaming ecosystems. In that sense, its integration with a P2E model seems like a logical step for its developer Widow Games and, most importantly, its community of players that will be able to turn their in-game rewards into real-world profits.
Widow Games launched an on-chain version of Geopoly in order to meet a demand for games with a P2E model originated from the growth in popularity from Axie Infinity and others. These games let players truly capitalize on their in-game efforts by letting them take their rewards in the form of NFT, trade them for a token with real-world value, form communities, teams, and gain unique items to improve their gaming experience.
For instance, Geopoly will let players have ownership over real-world locations that have been digitized and placed in its virtual world. In that way, players will need to own the locations and businesses on the Geopoly Metaverse to capture a fraction of their revenue. Per the project’s official website:
GEOPOLY is a geolocation economic simulator that allows users to rent and buy, upgrade and sell real-life businesses all around the world. Explore, look for opportunities, rent, buy, invest and sell in the largest capitalist game in the world where the main goal is to generate as much revenue as possible.
Investors Get Behind Geopoly
The game and its P2E model will be supported by its native token GEO$. Currently available to be downloaded for Android, with upcoming iOS and Web versions, the project has already attracted the attention of top names from Venture Capitalist Firms and the crypto space.
Amongst them are GD10 Ventures, Dutch Crypto Investors, OIG which have provided Geopoly with an extra layer of legitimacy. In addition, the studio behind the project has consolidated important partnerships with Seedify, NFTPad, and Enjistater to support the public sale of GEO$ token.
The project has also gained the support of Sebastien Borget, COO of the popular Metaverse gaming universe The Sandbox, playing the role of an Advisor for Geopoly.
Its model, opportunities, and strong community seem poised to make Geopoly a strong contender as a leader in the GamiFi sector, and to continue Widow Games’ long history of successes.
