Crypto Gaming Execs Predict Millions of Gamers Onboarding Web3 in 2024
According to gaming executives in the Web3 industry, the release of highly anticipated blockchain games and the hype surrounding the crypto market will likely attract “tens of millions” of gamers to Web3 by 2024. In the past three months alone, around 1 million active wallets have been used to play Web3 games daily, and this number is expected to increase significantly next year. The casual gaming space, especially mobile games, is projected to see the most activity. Additionally, Asia is predicted to lead the adoption of GameFi technology and nonfungible tokens (NFTs) due to its more favorable regulatory environment.
Celebrities and Brands Expected to Embrace Web3
Despite previous negative experiences with celebrity endorsements during the last crypto bull market, gaming executives believe that celebrities and brands will continue to embrace Web3, particularly outside of the United States. Once there is legal clarity in the US, celebrities are expected to return en masse. However, it is predicted that celebrities will be more cautious in their endorsements, and high-profile stars may be less willing to take risks. Many brands and celebrities are exploring new ways to engage with their audiences through user-generated content (UGC)-driven entertainment.
Apple’s VR Headset Could Revolutionize Virtual Worlds
The upcoming Apple Vision Pro virtual reality headset has been hailed as a potential “game changer” for virtual worlds by industry experts. The headset’s expected high sales volumes could help reduce hardware costs and make virtual reality more accessible to consumers. While Meta is also making strides in the VR space with its Quest 3 headset, Apple’s iconic brand image gives it an advantage in driving down costs at scale. The Apple Vision Pro, set to ship in early 2024, offers features such as eye and hand tracking and is positioned as a mixed-reality device.
Hot Take: The Future of Web3 Gaming and VR
The predicted influx of gamers to Web3 and the advancements in VR technology signal a promising future for the gaming industry. With the integration of blockchain, NFTs, and UGC-driven content, Web3 gaming has the potential to revolutionize traditional gaming models. Additionally, the accessibility and affordability of VR headsets like the Apple Vision Pro could open up new possibilities for immersive virtual experiences. As the crypto market continues to evolve, it will be interesting to see how these technologies shape the future of gaming and entertainment.
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