We build video games, digital assets and tools for blockchain that empower players and developers to manifest their imagination. Our vision is to contribute to the construction of a new form of reality; this digital dimension is called The Metaverse.
2018 Q2 - Alien Arsenal: Battle for the Blockchain
2018 Q3 - Wave 2: 8 Bit Token Sale
2018 Q4 - The Portal
2018 Q4 - Avatar System
2019 Q1-Q3+ - API and Proto-Partnerships, Project Genesis: Alpha, The Virtuous Cycle of an Ecosystem
8 Circuit Studios has developed a blockchain-based game development platform that is currently being leveraged by its first title, Alien Arsenal: Battle for the Blockchain. It has two other games in development, and has already created a partnership with the company behind Mankind Reborn (a cyberpunk MMO), Far Frontier Studios, to use 8 Circuit Studios ERC-721 property assets and 8 Circuit Studios ERC-20 8 Bit Tokens (8BT's). Now that validity of the company's business case has been demonstrated, future success will be accomplished by replicating this partnership model with other game developers and publishers (thanks to the network of contacts from the team members extensive game development experience).
The majority of the team members have met from working together in the video game industry over the years, or through their shared fascination with blockchains while participating in their local blockchain communities.
The top five risks we anticipate for 8 Circuit Studios business are as follows:
1.) Regulatory uncertainty.
2.) Security. Cheating and hacking is built into gaming culture. While no one is impervious to bad actors, 8 Circuit Studios will leverage its experience in minimizing attack surface areas through extensive game development testing methologies. 8 Circuit Studios is also cultivating a tightly knit community to operate as an extended front-guard in white-hat testing efforts.
3.) Slow adoption of blockchain-based gaming. The video game industry, generally speaking, has developed a healthy skepticism of blockchains thanks in large part to the poor publicity of failed ICO's, scam ICO's, and the uncertainty around regulation. However, larger developers (like Ubisoft, Epic, etc.) and publishers (like Microsoft) are leading the way in exploring blockchain development which indicates the common posture for the games industry embracing innovation and acceptance of new technology before other industries.
4.) Lack of blockchain expertise at scale. As 8 Circuit Studios rapidly grows its staff to develop its ambitious projects, it may be increasingly difficult to find qualified blockchain developers.
5.) Current dependency on status of the Ethereum blockchain. Ethereum is scaling in a measured fashion but the reliability of the network is volatile. In the short term, the 8 Circuit Studios platform is designed to buffer gamers from low level volatility through game design modalities (pay-to-play and free-but-wait, and optimized blockchain data storage), but high level volatility will impact transactions. In the long term, 8 Circuit Studios will develop side-chain and atomic swap solutions as it scales its platform and user base.