Galactic Entertainment Publishing, a division of Galactic Group, is launching as the first play-to-own Triple-A Web3 game publisher in the UAE. Founded by Loren Roosendaal, the company aims to redefine the gaming space with the backing of industry experts from both Hollywood and the gaming industry, including co-founder Mark Meyers from Disney’s AAA Studios. Their first title, Planet Quest, has garnered a large fanbase and is being developed by a team with experience from Epic, Disney, Warner Bros., and Activision-Blizzard.
Planet Quest has already attracted over 300,000 holders of its NFTs, with significant involvement from fans in the game’s development. Over 250,000 fans have contributed to the storyline and lore of the game, resulting in a real community invested in the product. The game’s success has led to the development of a trilogy of books, comics, and another game in the franchise. Chief Creative Officer Jon McCoy mentions the unique opportunity to interact and build with fans from day one of the game’s development.
The play-to-own model leverages blockchain technology and NFTs to provide full ownership of in-game assets to users. This ownership has been attributed to the success of Planet Quest by co-founder Mark Meyers, who emphasizes the benefits of involving the community early on in the development process. This model challenges the dominant Free-to-Play model, which relies heavily on advertising and in-game purchases that do not provide real ownership of assets to players.
Loren Roosendaal aims to address the flaws in the current gaming industry, where players spend significant amounts of money and time on in-game items they do not actually own. The play-to-earn model seeks to establish a more equitable relationship between publishers and players, with a focus on community-driven decisions and ownership. This approach is seen as a solution to the profit-driven practices of dominant publishers, who release annual products that do not prioritize consumer engagement.
The play-to-own revolution represents a shift towards a more transparent and mutually beneficial relationship between publishers and players, with a focus on community-driven decisions and ownership. This new model challenges the profit-driven practices of dominant publishers, offering players true ownership of in-game assets and a more engaging gameplay experience. Galactic Entertainment Publishing’s innovative approach with Planet Quest showcases the potential for Web3 gaming to redefine the industry and provide players with a more rewarding gaming experience.
