Executive Summary
GameSwift provides a one-stop destination for Web3 games using its modular chain and zkEVM technology. Its focus is on offering a seamless experience to non-crypto gamers by eliminating the need for a wallet, gas fees, and blockchain knowledge. It also provides cross-chain interoperability by connecting with all the major blockchains. Gaming developers can build Dapps on GameSwift, leveraging all their unique features.
Company/Project Overview
GameSwift is a layer-one gaming-focused project that lets the developers build games on its layer-one modular chain and use zkEVM rollups. The developers can enjoy the features and infrastructure offered by GameSwift, such as security and lower fees.
The unique thing about GameSwift is its interoperability and ease of use. Users have to sign onto the platform to access the library of games. They have one wallet for all their purchases and earnings. In addition, users can withdraw their funds in cash anytime. GameSwift aims to increase the adoption of Web 3 gaming by keeping all the blockchain processes in the background and not bothering the users with any complexities.
GameSwift uses Proof of Stake(PoS) as the consensus model.
GameSwift is a group of experienced professionals with diverse backgrounds, including several Fortune 500 companies, crypto startups, and gaming studios. They have worked for various organizations, including StarTerra, Stargate, Layer0, CyberPunk, The Witcher, Revolut, G2A.COM, Amazon, Google, BCG, Terra Station Wallet, Kujira, Lunaverse, Loop Finance, and many others. GameSwift developers are experts in programming languages such as Solidity, Rust, Vyper, and Golang.
Market Analysis
The gaming industry is massive, and the future is bright. The gaming market is more significant and extensive than the movies, TV, etc. With blockchain and NFTs, the gaming industry has an additional flavor. Revenue from gaming is expected to be $521.60B by 2027. But the market is filled with players like Oasys, ImmutableX, and Gala games.
Product/Platform
Launchpad/Platform- GameSwift is a launchpad and a platform for other Web 3 games. Different developers can use the modular layer and zkEVM rollups to integrate lower fees, interoperability, and security in their games. Users will have access to their vast library of games and easily switch between them. It has partnered with Web 2 companies Playway Group and G2A.com to bring them into the latest Web 3 sphere.
GameSwift ID- GameSwift ID is a unique profile generated for users. Users must sign up using their Gmail/apple account to obtain a GameSwift ID. This profile/wallet tracks all your digital assets, winnings, etc. All this is simple and can be done with a single click. All the exchanges between different blockchains happen behind closed doors. i.e., without the user knowing anything. This ensures the users an effortless experience by not confusing them with multiple keys or seed phrases.
GameSwift Pay- The platform is supported by fiat, enabling users to buy and sell crypto assets for cash anytime without worrying about the volatile nature of crypto. The on-chain privacy of users is ensured by employing the ZK-powered off-ramping process.
GameSwift Analytics- Advanced analytics is another tool that allows developers to track their projects and get good insights into the trends. The game developers can make the required changes for a better user experience.
GameSwift Studio- GameSwift studio is a subsidy of GameSwift that focuses on building games on blockchain technology. The studio has successfully launched the game StarHeroes, which also received a grant from Microsoft. The studio also supports other blockchain-based gaming projects by providing them with the necessary tools to achieve their full potential.
Roadmap- The planned goals for GameSwift for the year 2023 are GameSwift chain Mainnet, zkEVM L2 integration, interoperability expansion, and GameSwift analytics.
Business Model
Revenue sources for GameSwift can be divided into two parts.
Gaming Studios
- A fee for downloading data is typically 10-15% on top of the AWS charge.
- Dedicated marketing campaigns cost between $5,000 and $35,000, depending on their duration and scope.
- In-app purchases, NFT sales: 7% – 10%.
- Monthly subscription prices range from $100 to $1,500, depending on the scope of services desired (Launcher, Analytics, Support).
Gamers
- Easy cash-out fees: 1% – 2.5%,
- Aggregator/swap fees: 0.5% – 2%,
- Premium account: $10 – $25 per user.
Tokenomics
GameSwift has a native token, $GSWIFT token. The use cases are→
- Transactions– The GameSwift network uses its $GSWIFT token for transactions. The token also validates transactions for layer one and zkEVm rollup.
- Yield– The $GSWIFT token will generate a return from the revenue of various sources on the platform, including a subscription-based model for games (B2B), in-app purchases and NFT sales (B2B), swap/aggregator fees (B2C), cash-out fees (B2C), battle passes, and premium accounts (B2C). Token holders earn staking rewards from all the games plugged into the ecosystem.
The $GSWIFT token has no governance utility.
Risk Assessment
The market is filled with fierce competition. There are already established players in the market, like Oasys, Gala Games, ImmutableX, etc. Oasys, Gala Games, ImmutableX, etc., in the market, some of whose market valuation is more than a billion dollars and have backing from big investors.
Conclusion
The Web 3 domain is complex for an average person, and GameSwift is trying to improve things. A diverse team, substantial market opportunity, a clear future roadmap, and established partnerships in the industry make Gameswift a project to look out for.
