Circle of Games (COG), a prominent innovator in the multi-gaming industry, recently introduced its web3-enabled platform at the Global Game Show held at Dubai’s Grand Hyatt Exhibition Centre. Supported by major industry players like Nazara Technologies, The Hashgraph Group, Chingari, and XDC Ventures, the platform seeks to integrate blockchain technology into casual gaming, marking a significant milestone in the sector’s evolution.
COG’s platform aims to transform the casual gaming experience by embedding blockchain functionalities into an easy-to-navigate format. This innovation has garnered praise from industry leaders, including the Chairman of Animoca Brands, who emphasized its potential to bridge traditional gaming ecosystems with the decentralized features of web3. Animoca Brands, a key advocate of blockchain-powered gaming, has played a substantial role in fostering advancements across the industry.
Expanding the Gaming Ecosystem
The newly launched platform debuted with six games, including popular titles such as Ludo-Classic, Bubble Shooter, Chess, and Fruit Slash. Live demonstrations showcased its user-friendly design, which simplifies blockchain integration for players unfamiliar with the technology. This seamless approach aims to lower barriers for casual gamers entering the web3 space. COG plans to expand its gaming library to over ten titles by early 2025, offering a broader selection for its growing audience.
Strategic collaborations with leading blockchain and gaming firms have positioned COG as a competitive force in the casual gaming sector. Currently, the platform operates primarily on the Hedera blockchain and boasts an active user base of 500,000. The company has set ambitious targets to reach 25 million users globally by 2025, with a long-term goal of 100 million users by 2027.
The Growing Role of Blockchain in Casual Gaming
Casual gaming has emerged as a dominant force in the entertainment and economic landscape, often serving as an entry point for new audiences. By incorporating blockchain, platforms like COG aim to revolutionize this domain, offering enhanced ownership features and improved security. This approach aligns with the broader trend of integrating cutting-edge technology into accessible gameplay, ensuring that casual gamers are not excluded from the web3 revolution.
Regional Expansion and Future Goals
Following its successful Dubai launch, COG has set its sights on expanding across the MENA region. Plans include establishing a strong presence in the UAE by late 2024, with subsequent rollouts in Saudi Arabia, Kuwait, Bahrain, Turkey, Egypt, and Morocco. The company’s localized strategy aims to capture 7.5 million users in the region by 2025, scaling to 25 million by 2027.
COG’s CEO and Co-Founder, Rabilal Thapa, has underscored the company’s commitment to using blockchain technology to enhance accessibility and engagement in casual gaming. He identified the MENA region as a crucial element of the company’s global growth strategy, reflecting its importance in shaping the future of web3 gaming.
A Pioneering Role in the Industry
The event concluded with a networking session that brought together key figures from gaming, blockchain, and venture capital sectors. Discussions centered on the transformative potential of web3 in casual gaming and its role in reshaping industry standards.
As the gaming industry continues its rise as a global entertainment leader, platforms like Circle of Games are poised to lead the way, delivering innovative solutions that meet the evolving demands of players and technology enthusiasts worldwide. With its focus on blending blockchain technology with accessible gaming formats, COG is setting a precedent for the future of decentralized gaming.
