Singapore’s SkyArk Studio thinks it has figured out blockchain gaming

September 5, 2022 World Blockchain Industry Updates

The current crypto decline may cause some game developers to have cold feet about venturing into the industry, but one Singapore-based studio is ploughing ahead.

SkyArk Studio is a Singapore-based blockchain gaming studio that’s backed by cryptocurrency exchange Binance. It currently has over 36 people currently working on its upcoming project, SkyArk Chronicles.

The game relies on the concept of play-to-earn games that allow players to make cash via Non-Fungible Tokens (NFTs) and cryptocurrency.

Leveraging on blockchain technology and a team of crypto experts, SkyArk believes it can incorporate blockchain technology alongside traditional gaming development to create the next digital ecosystem.

Rather than using the traditional play-to-earn model that most crypto games utilise, however, SkyArk’s business model revolves around a play-and-earn strategy, letting players earn lucrative rewards when playing instead of doing it solely for the sake of earning income.