The Future of Blockchain Gaming
Web3 Gaming Predictions – NFT Gaming Expert Weighs In
The head of growth at The World Largest Web3 Gaming Firm, Lamboland, has shared some insights into the larger blockchain gaming space in a blog post. He feels that web3 gaming feels overhyped due to the overhyped NFT gaming projects, but there are still reasons to be optimistic.
Big gaming studios like Zynga, Nexon, Ubisoft, and Square Enix have started entering the web3 sector. Many fun web3 games are being built, with most of the 2021-22 funded web3 games expected to launch in 2024. An increasing amount of web3 games are also listed on The Epic Games Store, and over $19 billion has been invested in web3 gaming since 2021.
The Web3 Gaming Market Size To Hit $8.8 Billion By 2028
The global play-to-earn non-fungible token games market is anticipated to rise at a considerable rate in the coming years. Play-to-earn is a type of video gaming that rewards players for their in-game achievements with digital assets with real-world monetary value. In November 2023, 360marketupdates.com forecasted the global play-to-earn non-fungible token games market size to expand at a CAGR of 17.93% to reach $8.8 billion by 2028. Gaming will be a major narrative during this year’s highly anticipated crypto bull run.
Hot Take: High Expectations in Blockchain Gaming
Blockchain gaming has seen tremendous growth and is set to continue rising, particularly with major gaming studios entering the web3 sector, and a significant amount of investment has been made. The play-to-earn non-fungible token games market is expected to expand at a considerable rate, reaching $8.8 billion by 2028, making it a major narrative during the anticipated crypto bull run this year.
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