The video game industry is estimated to be worth over $200 billion by the end of December 2021, expanding at a CAGR (compound growth rate) of 14 percent from 2021. At the height of the health crisis in 2020, over $2.1 billion was spent on video games in the UK.
According to Bloomberg, the rise of the metaverse, which is expected to be an $800 billion market, and the convergence of NFTs in blockchain games is pushing the play-to-earn model to its peak.
All these developments lead game companies to various collaborations. Wagmi appreciated Cubix‘s software development expertise and impressive track record in game development. Cubix is already prominent in developing blockchain solutions and producing crypto-based games.
Florida-based Cubix has more than 200 customers, including Nintendo, Walmart, Sapient, and other high-profile companies. Cubix caught the attention of Wagmi Games with this high-profile portfolio, and a partnership was formed.
Wagmi and Cubix teamed up for the Wagmi Defense game, which will be released in the first quarter of 2022. NFT game developer Cubix will develop Wagmi’s mobile PVP game. Wagmi Defense is a play-to-earn tower defense game that can be played on mobile and PC platforms.
Unlike traditional tower defense games, Wagmi Defense comes with a new model. Players will be able to earn WAGMI tokens by playing Wagmi Defense. The WAGMI token will be a tradable cryptocurrency, just like any other cryptocurrency. By winning various in-game events, players will acquire WAGMI and earn money.
Wagmi Defense game takes Clash Royale as an example. The game, which is still under development, will reach its final form in time. Also, Wagmi Defense is the first phase of the “Wagmi Game.” In this way, it has the distinction of being the pioneer of the as-yet-unnamed 3D MMORPG game, which is planned to be released in the first quarter of 2023.
The game will feature NFT cards and free cards, and players will fight using these NFTs. Wagmi also employs a comic artist to work on the game’s story and NFT design. Genesis Artist Collection NFT collection produced in this way is expected to be released by the end of January 2022.