The Web3 gaming industry is getting a boost from Guild of Guardians

Immutable Games Studio revealed the new partnership in an announcement on March 6. Premier game development studio Mineloader has produced AAA titles such as Last of Us Part 1, developed for TV and currently airing on HBO. It has also worked on the hugely popular Final Fantasy series.

The pair will be working on a Web3 2023 release of the Guild of Guardians role-playing game (RPG).

Mineloader’s extensive experience with game studios such as Ubisoft, Square Enix, EA and Sony in creating games will “stimulate the development process and improve the overall quality of Guild of Guardians,” it noted.

Vice President of Immutable Games Studio Derek Lau commented:

Web3 Gaming launches

Justin Hulog, Chief Studio Officer at Immutable Games, said the Mineloader team shares the same vision for the future of Web3 gaming, adding:

“We are confident that we can deliver a great mobile gaming experience that Guild of Guardians and the gaming community deserve.”

The move signals a shift from Web2 to Web3 for the gaming franchise. Mineloader is the Web2 development partner for Guild of Guardians and will “enhance the game’s core gameplay loop and art, as well as new content.”

The company will also help with various elements of the in-game economy, particularly Web2-focused aspects. However, the Web3 components will be largely driven by Immutable, which is already a leader in the field.

Guild of Guardians is one of the most highly anticipated Web3 titles of 2023, with over 1 million pre-registrations. However, the release of the RPG is not expected until the last quarter of the year.

Immutable cut its workforce by 11% last month to extend cash reserves.

IMX Price Forecast

Immutable’s native token, IMX, has been boosted by the announcement with a 5% gain on the day. As a result, the token was trading at $1.11 at the time of writing, according to CoinGecko.

In addition, IMX has gained an impressive 15% in the past week as crypto markets generally fall back.

However, IMX remains 88% below its peak price of $9.52 in November 2021. With the growth of the Web3 gaming industry and a return from the bull market, IMX should perform well.

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