Geopoly from the stables of Widow Games marks the popular game studio’s entry into the NFT universe
Geopoly is the latest entry from game studio Widow Games that combines the potential of non-fungible tokens (NFTs) into a gaming model that has seen impressive levels of adoption since 2021, called Play-to-Earn (P2E). The studio boasts over 1.5 million subscribers and has turned to the NFT sector to continue a long history of accomplishments, milestones and what could be one of America’s greatest company success stories. Latin.
The studio behind Geopoly was founded ten years ago, in 2012, in Argentina and started to make a name for itself by taking popular board games and turning them into their digital forms. The studio has digitized Ludo, War Strategy, TEG and many more.
Due to their success, the studio was able to expand in the region and enter other markets. They continue to grow in relevance after one of their games called “Jogos de Vida da Estrela” became one of the most played in Brazil with 10 million total minutes played and 1.5 million games initiated.
Three years ago, tech giant Google selected Widow Games, among more than 1,700 other projects, to participate in its Indie Games Accelerator program. Candidates from more than 37 countries around the world have tried to participate in the program; Widow Games was shortlisted along with other industry relevant names including Avix Games, Sandstorm Interactive and Blyts.
This initiative was created to single out high-potential indie game studios to provide them with direct access to Google, its products and resources and teach them how to build a “thriving game company”, according to the official website of the program.
Widow Games earned this recognition under Martin Spinetto as CEO. Spinetto has a long list of successes in his career and has held leadership positions as Marketing Director for Latin America at Microsoft.
A look at Geopoly, how the P2E model will revolutionize the game
Prior to its on-chain rollout with a play-to-earn model, Geopoly was a free app with impressive numbers. The app has over 10,000 downloads and very positive reviews, with ratings up to 4.9 out of 5.
Geopoly has received most of its praise from gamers with a taste for business and finance-focused game ecosystems. In this sense, its integration with a P2E model seems like a logical step for its developer Widow Games and, more importantly, its community of players who will be able to turn their in-game rewards into real profits.
Widow Games launched an on-chain version of Geopoly to meet a demand for games with a P2E model born out of the growing popularity of Axie Infinity and others. These games allow players to truly capitalize on their in-game efforts by allowing them to take their rewards in the form of NFTs, exchange them for a token with real value, form communities, teams, and acquire items. unique to enhance their gaming experience.
For example, Geopoly will allow players to have ownership over real-world locations that have been digitized and placed in its virtual world. This way, players will need to own the Geopoly Metaverse locations and businesses to capture a fraction of their income. According to the project official site:
GEOPOLY is a geolocation economic simulator that allows users to rent and buy, upgrade and sell real businesses anywhere in the world. Explore, search for opportunities, rent, buy, invest and sell in the biggest capitalist game in the world where the main objective is to generate as much income as possible.
Investors support Geopoly
The game and its P2E model will be supported by its native GEO$ token. Currently available for download for Android, with upcoming iOS and web versions, the project has already caught the attention of the biggest names in venture capital firms and the crypto space.
Among them are GD10 Ventures, Dutch Crypto Investors, OIG who provided Geopoly with an extra layer of legitimacy. Additionally, the studio behind the project has solidified important partnerships with Seedify, NFTPad, and Enjistater to support the public sale of the GEO$ token.
The project has also gained support from Sebastien Borget, COO of popular Metaverse game universe The Sandbox, acting as an advisor for Geopoly.
Its model, opportunities, and strong community look set to make Geopoly a strong contender as a leader in the GamiFi industry, and to continue Widow Games’ long history of success.