How Slime Royale Leverages Blockchain Technology To Create A Different Business Model In The Mobile Gaming Industry By BTC Peers
© Reuters How Slime Royale Leverages Blockchain Technology to Create a Different Business Model in the Mobile Gaming Industry
The cryptocurrency market is experiencing a huge crash that has taken a heavy toll on all blockchain-based projects. GameFi projects are among the biggest victims of this downtrend as investors become more cautious about spending in the sector.
On a positive note, this could be a much-needed stress test for the market, as only high-quality NFT games can survive and thrive. Recently, Slime Royale – an emerging NFT game project attracted hundreds of applicants to receive investment support from GoGame through the innovative application of blockchain in creating a business model like no other.
Slime Royale – NFT game with gameplay oriented
Slime Royale stands out in the NFT gaming market as a project with a vision like no other. GameFi is generally considered to be money-oriented projects that mainly focus on financial factors, while gaming is sidelined. The core of Slime Royale, on the other hand, is formed around designing an engaging game and then applying blockchain to solve the payment problem and attract new players.
Slime Royale Leverages Blockchain Technology to Create a Different Business Model
Numerous studies show that game studios currently have to deduct up to 50% of their income for advertising platforms like Google (NASDAQ:) and Meta, 30% for payment services from Google and Apple (NASDAQ:). So, to break the curse, Slime Royale decided to integrate blockchain technology into its product; rather than paying over 80% of their revenue to these advertising giants, Slime Royale aims to explore blockchain ways to reward their players for helping to maintain and grow their community.
With Blockchain, Slime Royale will create new payment methods. Thus, Slime Royale will no longer have to deduct 30% of its income to spend it on Google, Meta or Apple. Instead, Slime Royale will pay players, who make a real contribution to maintaining the payment gateway. On the other hand, Slime Royale implements affiliate programs and rewards the community with the Slime Royale Tokens. This new approach to user acquisition will help Slime Royale avoid overspending on Meta and Google’s advertising system.
In summary, instead of paying up to 80% of revenue to Apple, Google, Meta: Slime Royale will apply blockchain to reward those who help maintain the payment gateway and grow the community.
If Slime Royale can realize this idea, a new business model will be created to break the monopoly of advertising platforms and game publisher portals. With the new business model, Slime Royale aims to open more income opportunities to many people.
Invested by goGame – gaming giant from Singapore
goGame is a mobile game publisher headquartered in Singapore. As a multinational company, goGame has branches in many Asian countries, such as Vietnam, Thailand, Malaysia, Taiwan, and the Philippines.
Although not the best of times for the crypto industry, Slime Royale has remarkably eclipsed over 100 NFT projects to grab a huge investment opportunity from the benevolent goGame.
goGAme’s investment will help Slime Royale develop games that not only impact the value of the gaming experience, but also a viable financial system and revenue distribution model that will benefit all players.
With the application of blockchain, Slime Royale has created a completely different business model in the market, providing more diverse income opportunities for gamers. With a different business model, Slime Royale has received investment from goGame, Appota Group, Koi Capital and many other investors to bring its ideas to fruition.
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