Traditional Gaming Needs Web3 More Than Ever

Blockchain gaming is back and bullish.
 
The sector grew by 33% in Q4, with trade volume roughly tripling in just six months. But in stark contrast, traditional gaming is on a downward trend. Global mobile gaming revenue is in decline for the second year running as developers face market saturation and stalling user numbers.
 
To make matters worse, China unveiled draft rules just before Christmas to curb spending and rewards in video games, leading to an astonishing $80 billion loss in market value for top gaming giants.
 
In the face of regulatory and revenue challenges, we should expect traditional gaming studios to design other means of attracting and retaining users — they’ll be moving to the decentralized models of Web3.
 
If blockchain games truly need “more shots on goal” to win — more innovative titles from skilled creators — then the gaming sector is on the cusp of mainstream adoption.


Source: Blockworks