Web3 Goes Mainstream: Ethereum-Powered Moonray Takes On Console Gaming

With the gaming industry constantly evolving, Moonray’s move to consoles was only a matter of time. This expansion reflects the developers' commitment to bridging traditional gaming with blockchain technology. While the exact release date remains undisclosed, beta testing is set to begin this summer, aiming to attract a broader audience.

According to Moonray Studios CEO Rodrigo Etcheto, blockchain gaming can only achieve mass adoption by reaching players on Xbox and PlayStation, as these platforms dominate the gaming market. He emphasized that Moonray’s cross-platform approach allows it to comply with industry regulations while maximizing its player base.

The majority of gamers are found on platforms such as Playstation, Xbox and Steam. To onboard gamers to Web3, you need to go where they are,

Etcheto stated.

Moonray Ecosystem

Moonray is more than just a game—it's a fully developed ecosystem that seamlessly integrates traditional gameplay with decentralized finance (DeFi) and NFTs. At its core, Moonray offers fast-paced PvP battles set in a futuristic sci-fi world, where players employ diverse strategies and mechanics to secure victory. Developers have already announced plans to expand the game’s features, introducing new game modes in future updates.

To ensure transparency and security, Moonray leverages the Ethereum blockchain, allowing players to own unique in-game assets—from characters and skins to various NFT-based items. This system enables trading, exchanging, and investing in digital assets, where each item can become a valuable collectible. However, NFT ownership is not required to fully enjoy the game.

Moonray Gameplay Trailer. Source: Official Moonray YouTube Channel

A key component of the Moonray ecosystem is the MNRY token, designed not only for in-game use but also for future projects by Moonray Studios. As of today, MNRY's market capitalization stands at approximately $1 million, but its value has dropped significantly. Since its December 2024 launch, the token has declined by around 90%, now trading at $0.01, according to CoinMarketCap. This steep drop indicates a declining interest from traders in the game’s digital asset.

Opportunities and Challenges for Blockchain Gaming

Moonray is set to become the second Web3 game to launch on major gaming consoles, following the debut of the third-person shooter Off The Grid in October 2024. The project has already gained support from leading investment firms, including Animoca Brands and GBV Capital. If you're interested in cutting-edge gaming trends and want to experience innovative blockchain-powered gameplay, Moonray is definitely worth keeping an eye on.

Related: How NFT Compatibility Is Transforming the Video Game Industry

However, blockchain games continue to face challenges on certain platforms. For instance, Steam has banned all Web3 and cryptocurrency-related titles, urging developers to avoid publishing blockchain-based content. In contrast, Epic Games Store has taken a more supportive stance, actively welcoming developers to bring their blockchain games to its platform.