United

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<p><strong>Galactic Group, based in Dubai, United Arab Emirates, has announced the opening of Galactic Entertainment Publishing, the company’s first subsidiary. This historic decision could significantly impact the video game industry.</strong></p>
<p>The creator of this AAA Web3 game publisher, Loren Roosendaal, is situated in the United Arab Emirates (UAE).&nbsp;</p>
<p>As one of the first play-to-own publishers in history, he hopes to reinvent the game industry and raise <a href="https://www.thecoinrepublic.com/2024/01/15/web3-gaming-projects-are-failing-to-sustain-in-the-market/" target="_blank" rel="noopener noreferrer nofollow">Web3 gaming</a> to Triple-A status.</p>
<h2 class="wp-block-heading" id="strong-a-vision-backed-by-hollywood-gaming-legends-strong"><strong>A Vision Backed by Hollywood &amp; Gaming Legends</strong></h2>
<p>Roosendaal has gathered a group of well-known professionals from the video game and film sectors to support his audacious plan.&nbsp;</p>
<p>Co-founder Mark Meyers, a crucial character who brings invaluable knowledge and expertise to the table as the former Head of Disney’s AAA Studios, is one of the essential figures.</p>
<h3 class="wp-block-heading" id="strong-planet-quest-a-pioneering-web3-gaming-experience-strong"><strong>Planet Quest: A Pioneering Web3 Gaming Experience</strong></h3>
<p>Planet Quest, an ambitious project in development since 2022 that has already attracted a sizable and committed fandom, is the first manifestation of the Galactic Group’s ambition.&nbsp;</p>
<p>Over 300,000 linked wallets are reportedly owned by holders of Planet Quest passports, more than 200,000 of which include one or more Planet Quest NFTs.</p>
<p>The team behind Planet Quest benefits from the extensive background of former workers at Activision-Blizzard, Epic, Disney, and Warner Bros., among other industry titans.&nbsp;</p>
<p>Their combined credentials include various properties, from blockbuster hits like The Batman, Avengers, and Blade Runner to AAA titles like Fortnite, Call of Duty, and Star Wars: Jedi Survivor.</p>
<figure class="wp-block-image size-large is-resized"><a href="https://w3wc.io/?no" rel="noopener noreferrer nofollow"><img decoding="async" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/04/freecompress-1440x90-gif-1-1.gif" alt="" style="width: 100%;height:auto"></a>
</figure>
<h3 class="wp-block-heading" id="strong-community-driven-co-creation-a-revolutionary-approach-strong"><strong>Community-Driven Co-Creation: A Revolutionary Approach</strong></h3>
<p>What sets Planet Quest apart is its unique approach to community involvement. Over 250,000 fans have actively co-created the storyline and lore of this Star Wars-esque franchise, culminating in an accompanying trilogy of books, comics, and another game to be revealed later, according to a report from VentureBeat.</p>
<p>This collaborative process has resulted in a genuine and invested community rewarded with in-game assets for its engagement and passion.&nbsp;</p>
<p>Chief Creative Officer Jon McCoy commented, “Naturally, no first attempt at something new is perfect, but it’s been amazing to create a sci-fi universe with the fans in a way that’s never been attempted.”</p>
<h3 class="wp-block-heading" id="strong-the-play-to-own-revolution-strong"><strong>The Play-to-Own Revolution</strong></h3>
<p>At the core of Galactic Group’s vision lies the play-to-own model, which leverages blockchain technology and non-fungible tokens (NFTs) to provide users with full ownership of in-game assets, such as characters, items, or land.&nbsp;</p>
<p>Co-founder Mark Meyers attributed the success of this model to the community built around the project, stating, “Involving the community early on and rewarding them for their participation with in-game goods that they own benefits publishers, developers, and players by reducing publisher ad spend, providing the feedback developers need and getting the players better games.”</p>
<h2 class="wp-block-heading" id="strong-addressing-the-limitations-of-the-free-to-play-model-strong"><strong>Addressing The Limitations Of The Free-to-Play Model</strong></h2>
<p>Roosendaal believes that the dominant free-to-play model in the gaming industry is starting to show signs of cracking.&nbsp;</p>
<p>Publishers spend tens of billions of dollars on advertising to acquire new players, driving up costs that are ultimately passed on to players through increasingly expensive in-game purchases.</p>
<p>“It’s crazy to think that players are spending over $100 billion and 100’s of hours of their spare time each year, gathering in-game items they don’t own,” Roosendaal stated, highlighting the need for a more equitable and consumer-friendly approach.</p>
<h3 class="wp-block-heading" id="strong-a-transactional-relationship-strong"><strong>A Transactional Relationship</strong></h3>
<p>Unlike the often one-sided setup of free-to-play games, the play-to-own model aims to create a fair relationship between publishers and players.&nbsp;</p>
<p>Galactic Group wants players to own their in-game assets, empowering them to have a say in the game’s direction and ensuring their investments are honored.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>With the introduction of Planet Quest and the establishment of Galactic Entertainment Publishing, Galactic Group is ready to bring in a new era of Web3 gaming.&nbsp;</p>
<p>This bold effort aims to transform the gaming sector and push player involvement, ownership, and immersion to all-time highs through innovative blockchain technology, top-notch talent, and a community-focused mindset.&nbsp;</p>
<p>The gaming community may see a significant change as the play-to-own model becomes more popular, shifting the power dynamics in favor of a more rewarding and equal experience for all parties involved.</p>

Galactic Group Introduces Web3 Play-to-Own Game Publisher

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Thecoinrepublic.com

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