The web3 gaming industry is witnessing a significant transformation. According to a report by ZipDo, the global web3 gaming market surpassed $2 billion in 2021, then by 2022, it was expected that global spending on blockchain games could reach $3.2 billion. Industry executives predict that 2024 will be more eventful for the blockchain gaming niche. They believe that there will be an increase in blockchain-based games released in 2024.

On the other hand, the blockchain gaming market is also experiencing significant growth. A report by Fortune Business Insights highlights that the blockchain gaming industry is expected to reach $154.46 billion by the end of 2024. Also, by 2030, the market size could reach $614 billion, with a Compound Annual Growth Rate of 21.8%.

However, this growing industry is not without its challenges. Trust issues, security concerns, and a lack of robust development tools are some of the hurdles that need to be overcome for the industry to truly flourish.

Our speaker today is a speaker who saw these challenges not as roadblocks, but as opportunities for innovation. In this interview, I will be speaking with Art Sachko, the co-founder of RACE Protocol. He will share insights on the challenges faced by the web3 gaming industry, including issues of trust, security, and limited development tools. We'll explore how their project aims to address these challenges. The discussion will also delve into the significance of NFT pre-sales in bootstrapping gaming ecosystems, the benefits for early community members, and the measures taken to ensure fairness and security for players.

What inspired you to create RACE Protocol and address the challenges in the web3 gaming industry?

The inspiration for RACE Protocol stemmed from recognizing the immense potential of web3 gaming but also acknowledging the significant challenges hindering its widespread adoption. Issues like lack of trust, security concerns, and limited development tools were preventing both builders and players from fully embracing the possibilities of blockchain-based games. We envisioned a solution that would address these challenges and create a more accessible, secure, and fair gaming ecosystem for everyone.

How does RACE Protocol differentiate itself from other blockchain gaming platforms?

RACE Protocol distinguishes itself through several key features:

Moreover, one of the products that we are building includes a no-code on-chain app & game editor plugin that allows anyone to build and launch fully-functional & complex decentralized apps even with no or limited coding experience.

Can you explain the significance of the RACE Heroes NFT Pre-sale for the project's ecosystem?

The RACE Heroes NFT pre-sale is crucial for bootstrapping our ecosystem. It provides initial funding for development, marketing, and community initiatives. Additionally, it establishes a core group of early supporters who will benefit from exclusive utilities and contribute to the platform's growth.

What benefits and incentives can early community members expect from participating in the pre-sale?

Early community members participating in the pre-sale will enjoy various benefits, including:

Protocol benefits: Fee multipliers for contributing to infrastructure and reductions/waivers for publishing games.

How do you plan to attract and support game developers to build on the RACE Protocol platform?

We plan to attract and support game developers through:

What measures have you put in place to ensure fairness and security for players on RACE Protocol?

We ensure fairness and security through:

How do you envision the future of web3 gaming, and what role will RACE Protocol play in shaping it?

We envision a future where web3 gaming is mainstream, offering players true ownership of their assets, interoperability across platforms, and new economic opportunities. RACE Protocol will play a pivotal role in shaping this future by providing the infrastructure and tools necessary for developers to build innovative and trustworthy games that players can enjoy with confidence.

What gamification features can users look forward to within the RACE Protocol ecosystem?

We're excited about gamification features like:

Can you share your thoughts on the current state of the NFT market and its potential for growth?

The NFT market is still evolving, with both challenges and opportunities. We believe NFTs have the potential to revolutionize various industries, including gaming, by enabling true ownership of digital assets and creating new avenues for value creation and exchange. As the market matures and infrastructure improves, we expect to see continued growth and innovation in the NFT space.

How do you see RACE Protocol contributing to the broader adoption of web3 technologies?

RACE Protocol contributes to broader web3 adoption by:

How does RACE Protocol collaborate with other projects or organizations in the web3 space?

We actively collaborate with other projects and organizations in the web3 space, including:

What milestones do you hope to achieve with RACE Protocol in the next 6-12 months?

Our key milestones for the next 6-12 months include: