We are proud to announce our investment in Pocket Arena, a Play-to-Earn based NFT DApp games portal and platform that supports skill-based tournaments and user-generated NFT gaming with an NFT Marketplace.
Shifting Mobile Gaming to an Entirely New Paradigm
The Global Gaming Market was valued at USD 173.70 billion in 2020 and is expected to reach USD 314.40 billion by 2026, making it one of the fastest-growing industries out there. This, coupled with the application of blockchain and NFT technologies, will create a space where individuals can enjoy playing games and earn revenue from participating.
However, the current state of play regarding the way individuals access games is not sufficient to meet these future goals. This is because Google and Apple dominate the market and its overall revenue enforcing restrictions on many gaming DApp’s that offer new earning opportunities deeming them incompatible with their terms and conditions. Moreover, these two centralized App stores take 30% of every game sold on their respective platforms and offer no protection when fraud, hacks, and in-game items are stolen from users. This all leads to developers making less money, an ecosystem of frustrated players and an insecure and unreliable marketplace that is always subject to policy changes.
For this reason, the gaming industry is looking for ways to shift to a new paradigm that empowers the future development of Play-to-Earn concepts based on blockchain and NFT based gaming solutions. Pocket Arena has made this their mission.
Streamlining HTML-5 Technology to Create a Social eSports Platform for Everyone
Built by Emoji Games, a Swiss-based game developer, the team behind Pocket Arena has a proven track record of building in-house gaming experiences since 2012. Today, they aim to utilize the full power of blockchain and NFT’s to transform existing games and studio assets into Play-to-Earn games allowing users of all levels to enjoy with no limits.
This will be achieved by building Pocket Arena games on HTML-5 technology, so the platform does not have to rely on Google Play or The App Store to be downloaded or distributed. Breaking free from the shackles of global App giants will essentially provide users direct access to the games themselves, alongside NFT marketplaces to trade their digital and crypto-based assets. All in all, the project hopes to provide an alternative infrastructure and ecosystem for such games and models to exist giving players more opportunities and benefits.
Learn more about Pocket Arena’s Games Portfolio
Why We Invested?
In 2021, the eSports gaming market was valued at just over 1.08 billion and has grown considerably in recent years. As a space initially made to cater to professional players to battle each other in hardcore online games, the industry has adapted during the COVID-19 pandemic to include more casual eSports platforms and tournaments that ordinary people can enjoy on their mobile phones.
The underlying vision behind Pocket Arena is to create an easy to use, less competitive and trusted gaming ecosystem that players of all levels can access, enjoy and benefit from, with the eventual aim to become the world’s biggest NFT DApp Mobile Gaming Platform.
At Master Ventures, we are all about disrupting existing systems, especially those that are subjected to control from large centralized organizations that limit competition and the emergence of new opportunities. This is why we are very interested in projects like Pocket Arena, which are making this a priority by developing and enhancing their games with blockchain, NFT and HTML-5 technology to create a more inclusive, less competitive and fun for all gaming space to emerge.
About Pocket Arena
Pocket Arena’s vision is to create an easy-to-use and trusted gaming ecosystem for ordinary people to enjoy playing, grow digital assets and become the world’s biggest NFT DApp Mobile Gaming Platform.
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About Master Ventures
Master Ventures is a blockchain-focused venture studio helping to build the next generation of blockchain-based Web 3.0 system innovations within the crypto industry. Launched in 2018 by Founder and CEO Kyle Chassé, the company’s ethos can best be summarized in the acronym #BeBOLD: Benevolent, Open, Love, Decentralized.
Master Ventures co-creates with entrepreneurs and businesses worldwide to turn the best ideas into innovative and disruptive products. They do this by investing as strategic partners through offering advisory services to the projects they believe in. To date, Master Ventures has invested in over 40 crypto projects, including the likes of Kraken, Coinbase, Bitfinex, Reef, DAO Maker, Mantra DAO, Thorchain, and Elrond.
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