Telos and GameStop have made a groundbreaking announcement to revolutionize GameFi and Web3 gaming by joining forces. This partnership guarantees that GameStop’s cutting-edge game launcher, GameStop Playr, will provide access to games backed by the Telos blockchain.
Telos’ recently announced collaboration signifies a strengthened focus on the rapidly expanding gaming industry. Experts predict that the Web3 gaming space will witness an influx of more than 100 million new users within the next two years. However, compared to its traditional counterpart, Web3 gaming currently lags behind.
A recent report highlights the vast difference between the number of Roblox players and Axie Infinity players. According to CoinGecko, there are 2,155 gamers in Roblox for every single Web3 player in Axie Infinity.
Telos has collaborated with @GameStopNFT to introduce GameStop Playr, a new Web3 game launcher bringing mainstream gaming to Web3! 🎮— The Telos Foundation (@HelloTelos) June 1, 2023
Power to the Web3 Players.
Official Announcement 👇
🔗 https://t.co/atdBeatqOc pic.twitter.com/iJcCM6h7Aq
Nevertheless, the rise of blockchain technology and digital assets indicates an inevitable shift. Telos is taking the initiative to embrace this change by forming strategic partnerships with innovative gaming companies, like GameStop. The network has also begun implementing initiatives, like Telos Zero.
With its robust and eco-friendly architecture, Telos has the ideal foundation to enhance the GameFi scene greatly. By offering seamless cross-chain gaming experiences, the Telos blockchain is poised to bring unprecedented dynamism to the Web3 space.
The Telos Foundation, as stated in the TEDP4 proposal, aims to establish Telos as the preferred blockchain for the emerging realm of Web3 gaming and GameFi. By laying the groundwork for cross-chain interoperability through Telos Zero and forming a new partnership with GameStop, Telos is actively taking steps toward earning a reputation as a top-tier technical solution for creators of Web3 games.
AJ Dinger, the Head of Business Development at the Telos Foundation, stated about the partnership with GameStop:
“We believe this collaboration will be a meaningful driver of new users into the Web3 space. By combining GameStop Playr with Web3 games utilizing Telos’ high-performance blockchain infrastructure, we can break down many of the barriers currently deterring Web2 players from embracing Web3.”
GameStop is a prominent retail video game company. It sells a wide range of video games, consoles, and accessories.
Known for its brick-and-mortar stores, GameStop has a strong presence in the gaming industry. It provides a platform for gamers to purchase, trade, and sell both new and pre-owned games and consoles.
Telos, a third-generation blockchain platform, enables the creation of fast, scalable distributed applications with feeless transactions. For over 5 years, the Telos Network has diligently developed its infrastructure to offer scalable solutions that deliver practical value.
The network’s engineering ensures it powers various industries efficiently and effectively. This feature positions it as a key player in the future of decentralized economies.