To Foster Web3 Games Development, Tezos India Rolls Out Game Launchpad
Tezos India, one of India's blockchain adoption entities has announced the launch of its new initiative titled Tezos India Game Launchpad (TIGL).
Tezos India, one of India's blockchain adoption entities has announced the launch of its new initiative titled Tezos India Game Launchpad (TIGL), a comprehensive platform that will assist game developers with grants, technical support, game publishing, fundraising and support them to launch their games on the Tezos blockchain.
This initiative by Tezos India includes a broad incubation program, a Web3 gaming handbook, and a Web3 gaming course. Tezos India will support game developers by providing Ecosystem Growth Grants (EGG) worth $10,000 coupled with an opportunity to join the EGG Incubation Program with TZ APAC, the leading Asia-based blockchain adoption entity supporting the Tezos ecosystem.
Interested game developers can submit their applications with details of the project and roadmap on the TIGL website. The developers will be assisted through technical support, game publishing, and fundraising. Initially, TIGL will help integrate the Tezos blockchain into the game and assist with token (NFT) development and play-to-earn consultancy.
TIGL's global partners such as Tezotopia, IndiGG, and others will help the game developers collaborate internationally through strategic partnerships. Finally, TIGL will help the developers participate in the prestigious EGG Incubation Program and receive grants from the Tezos Foundation for growth. Selected developers also stand a chance to work with TIGL's partner VCs for investment support and gain access to the best game launchpads.
Amanjot Malhotra, head of growth at Tezos India, who is spearheading the initiative, said, "There is an exodus of games from Web2 to Web3 as industry leaders have realized the future of gaming is on the blockchain. In this decade, we will see most of the gaming industry moving to the blockchain as the benefits are obvious. To accomplish this, TIGL has formed strategic partnerships with top blockchain games, gaming guilds, and venture capital firms to provide the mentoring and guidance necessary to develop top-notch blockchain games."
"Web3 games will be the next big thing as it is opening new economic and creative opportunities for gamers and game developers. There is potential to unlock a $100 billion gaming market. With this initiative, Tezos India is setting the stage for a decentralized future in Gaming where massive participation is expected in times to come", said Om Malviya, president, Tezos India.With a 100 billion USD market size, 2 billion users, and 52% transactions on the Blockchain via gaming - this industry is about to switch from a free-to-play to a play-to-earn ecosystem enabled by Web3. According to DappRadar, the number of GameFi users witnessed a 24x increase, with users rising from 343,000 in January 2021 to 8.51 million in January 2022. While the Indian market is still in its infancy, it is well-positioned for the rapid adoption of P2E gaming, thanks to the widespread use of mobile devices and low data rates. TIGL will start its operations in India but at the same time, it will look to expand in other emerging markets for play-to-earn gaming.