Web3 games have the potential to become a significant player in the gaming industry, contributing to a substantial market share over the next decade. However, as with any developing innovation, the realm of Web3 gaming is not without its challenges. The industry has made a lot of promises and progress, but it’s important to question whether we’re on the right track. Are we heading in the right direction, and what steps must be taken to tackle challenges and fulfill the promised value in this new era?
The growth of Web3 gaming has exhibited a remarkable surge, experiencing an astounding 2,000% increase from 2021 to 2022. This remarkable growth has not only captured the attention of avid gamers but has also attracted a multitude of highly skilled developers, surpassing any previous records in the gaming industry.
In 2022, Web3 gaming demonstrated resilience and established itself as a significant participant in the realm of blockchain. While other sectors in Web3 experienced a slowdown, the gaming space continued its global expansion. This period witnessed continued investment in Web3 gaming, even amid what some might consider a “crypto winter.”