Game studios can customize their own NFT marketplace in minutes

Fungies helps game developers make the transition from Web2 to Web3 with their development tools.

Ultimate Battle Arena is a collectible card game on the Polygon blockchain created by the team at Fungies.

The Web3 game market is expected to grow to $30 by 2030. Fungies.io helps game studios make a faster transition to Web3 with developer tools and APIs.

PALO ALTO, CALIFORNIA, UNITED STATES OF AMERICA, January 11, 2023 /EINPresswire.com/ — Web3 startup launches its “Shopify” for in-game assets

The Web3 gaming market is expected to grow from BLN$5 in 2022 to BLN$30 in 2030. Compared to the mainstream gaming market size of BLN$300 which is still in its infancy, but strong growth in this vertical is already had pushed gaming-related activities to make up 50% of all Blockchain transactions according to a recent report by DappRadar and the Blockchain Gaming Alliance (DappRadar x BGA).

Enter Fungies.io, which is set to help game developers transition from Web2 to Web3 faster, saving months of development. The team is launching their new product which is a fully customizable NFT marketplace for blockchain game assets, which is the cornerstone of every NFT game. In addition to allowing players to more easily trade NFTs in-game, Fungies Wallet will allow players to log in with their email or password without even knowing anything about Blockchain or Crypto Wallet. This will help Web3 games to bring in the major players that the space needs so badly. Everything will be easily managed through a simple dashboard. Additionally, Fungies.io will be releasing a set of APIs and SDKs (including Unity) to help developers connect Blockchain and NFT directly into their games.

Fungies had their product showcase at Slush on November 17. They were also chosen as one of the top semi-finalists in the Slush 100 pitching competition. The team has already developed product demos: a multi-chain, multi-currency NFT marketplace (ultiarena.com) and a Polygon-based collectible card game called Ultimate Battle Arena. (uba.gg). The aforementioned NFT marketplace has already generated $200k in NFT sales and brought together over 350 Game Artists as well as 7000 NFTs.

According to Fungies CEO Duke Vu: “The next wave of gaming will undoubtedly be decentralized and we are now seeing a tectonic shift not seen since the mobile gaming revolution of 2008. The idea of ​​truly owning digital assets on the Blockchain is what attracts gamers to Web3 games.” One of the strongest signs of the growing scene is Axie Infinity, which had an NFT sales volume of almost BLN$2 in 2021. As the majority of its player base is in the Philippines and Venezuela, the team behind Fungies believes that APAC and LATAM are two larger geographic areas. which will see mass adoption of Web3 games.

The team behind Fungies has extensive experience in setting up start-ups. Duke Vu has 10 years of experience building companies, including 1 outlet. Wojciech Harzowski, the company’s co-founder and CTO, created one of the first cryptocurrency exchanges in 2017. So far, more than 20 companies have already signed up to use Fungies’ products.

The company will team up with a leading crypto accelerator to power its growth and sales efforts. Fungies.io will launch its in-game crypto wallet alongside Unity and Unreal SDK in Q1 2023. White-label NFT marketplace and Developer Panel are now launching in Beta.

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Fungies launches Web3 “Shopify” for in-game assets