Crypto News- In the face of a challenging crypto bear market, the resilience of Web3 gaming has industry professionals anticipating a more eventful year ahead for blockchain gaming in 2024.
Henry Chang, CEO of the South Korean game development company Wemade, envisions a surge in blockchain-based game releases, foreseeing more sophisticated applications of Web3 within games. Chang emphasizes the growing confidence of developers, predicting increased experimentation with blockchain elements in gameplay and mechanics, leading to a diverse array of Web3 games across genres.
Blockchain Gaming 2024: Perspectives from Executives on Web3 Trends
Chang highlights the trend of gaming studios incorporating Web3 into their portfolios, driven by the unique attributes of blockchain gaming. This integration offers new revenue streams, immersive community engagement through token-gated benefits, and the return of in-game asset ownership to players. According to Chang, this fusion of gaming and blockchain creates a connection between the real-world economy and games, fostering interoperability in a unified gaming experience.
Bartosz Skwarczek, CEO of G2A Capital Group, the company behind the gaming marketplace G2A, echoes Chang’s sentiments, predicting increased collaboration between traditional industry players and Web3 startups in 2024. Skwarczek emphasizes the potential for mainstream Web3 gaming adoption through improved accessibility, user-friendly interfaces, and more elaborate game designs that appeal to a broader audience.
Both executives highlight the importance of integrating NFTs for in-game assets and the emergence of a Triple A-rated Web3 game as catalysts for redefining blockchain gaming in the upcoming year.
Despite the optimism, the challenge lies in onboarding a broader player base to Web3 gaming. Chang acknowledges the complexity of blockchain technology for game designers and developers, emphasizing the need for making Web3 integration more intuitive and native to games. Simplifying these aspects, according to Chang, will accelerate the adaptation of Web3 in gaming.
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