🎮 Gaming trends in 2023
• Leading gaming DApps launch their alpha or beta phase
• Big tech and traditional gaming studios are moving to Web3
• Increased VC funding in Gaming and Metaverse verticals
• Improved and user-friendly UX for players
• Development of Web3 gaming to mobile platforms
• Introducing higher standards for Web3 games
• Rise of AI and metaverse applications
Yoda Labs & Blockchain Gaming Alliance present their top gaming trends analysis for 2023. Despite the downturn in the crypto market in 2022, gaming remains a driving force for the Web3 industry, accounting for about 50% of all blockchain activity.
Web3 Gaming and Metaverse projects brought in $7.6 billion in 2022, up 59% from 2021. Of the $7.6 billion that flowed into the blockchain gaming space in 2022, the blockchain Gaming infrastructure accounts for 33.5% of total investment. Individual game projects or metaverse worlds received 27.3%, while guild and incubator programs received 19.1%.
The leading gaming and metaverse projects continued to expand despite the crypto winter. Projects behind the leading Metaverse gaming dapps have started their alpha or beta phases including Illuvium, The Sandbox, Big Time, Axie Infinity Homeland, The Fabled, Phantom Galaxies, Star Atlas, My Neighbor Alice, Treeverse, Mirandus and many more.
The Blockchain Game Alliance (BGA) Member Survey and Report 2022 has revealed that blockchain gaming industry experts predict gameplay improvements will be the most important driver of adoption in 2023, with Web3 developers working to bring blockchain Make games more fun and engaging.
After the gameplay improvements, the next two factors widely believed to be driving the industry in the coming year are traditional gaming studios and existing gaming franchises moving to Web3.
đź’°Importance of Funding
According to the BGA report, funding was the biggest factor positively impacting blockchain gaming in 2022, with over 21.3% of respondents agreeing. With increased funding and support from incubator programs, the growth and development of projects in this sector can be accelerated, leading to exponential advances in innovation.
Attracted by the rise of Web3 gaming, big VCs are investing in this space and trying to capitalize on this trend. Web3 Gaming It is emerging as an industry in its own right apart from the broader cryptocurrency landscape serving as a major gateway for institutions entering the Web3 alongside Web2 gaming studios. Eg SquareEnix’s partnership with Oasys Blockchain, blanks from Epic Games and Mythical Games getting Ubisoft as publisher.
đź”— Growth of blockchain gaming
1. WAX The protocol remained the most popular blockchain for Web3 gaming, attracting an average of nearly 350,000 UAWs daily in 2022. Hive and BNB Chain followed with 235,000 UAW and 167,000 UAW, respectively.
2. polygon consolidated as a gaming chain after attracting an average of 97,000 UAWs daily in 2022, up 340% year-on-year. GAMEE’s Arc8, Benji Bananas, Crazy Defense Heroes, and Pegaxy were among the game dapps that fueled the growth.
3. ImmutableX achieved $87 million in NFT trading volume, up 250% year-on-year. Gods Unchained landed in the top 25 most traded collections across all blockchains.
4. Axe Infinity generated $325 million in NFT trading volume behind the launch of Axie Infinity: Origins and Lunacia’s first appearance in Axie Infinity Homeland.
5. Yuga Laboratories“Otherside became the most traded virtual world project after its April 30 launch, beating Decentraland and The Sandbox. Otherside generated over $1 billion in trades.
6. gala games ended 2022 with 18 games in its portfolio, including two on Steam and one on the Epic Games Store.
7. strange worlds was the most-played dapp of 2022, averaging nearly 200,000 daily UAW and 4.8 billion on-chain transactions spanning gameplay, trading, and DAO activity.
8th. Shardlands was the second most popular game based on wallet activity, consolidating its player base to 160,000 daily UAW in the second half of the year. The Hive-based trading card game also hit relevant roadmap milestones as the team rolled out Node Validator licenses and dropped the Runi NFT and Land Deeds.
9. STEP launched the move-to-earn paradigm behind a gamified physical activity reward model. While STEPN’s growth faltered in the fourth quarter, dapps like Genopets, Step App, Dotmoovs, and Dustland are also following suit.
đź’ŽGame developers continue to show maturity
Solid support from investor capital and technological advances in the industry will empower game developers. Traditional gamers and game designers have criticized blockchain games for being less visually appealing and more focused on transactions. That should change.
AI generated image for Yoda Labs
Game7 launched a $100 million grant initiative in November to accelerate Web3 game development. They also announced information about a new Web3 Github plugin for Unreal Engine, Epic Games’ legendary 3D creation tool and game engine.
In 2023, Game7’s new Unreal Engine plugin will allow developers to seamlessly integrate Unreal features into blockchain games. Scalable immersive environments and improved aesthetics are conceivable. It could start a revolution in Web3 gaming!
While the battle between traditional and blockchain players is still ongoing, it is evident that in 2023 there will be a plethora of options for any game maker interested in the Web3 domain.
📱 Web3 Games Enter Mobile Gaming
Mobile gaming has become the dominant segment in the gaming industry, accounting for 60% of the market share and generating more revenue than PC and console games combined. It’s come a long way since 2005, when it was seen as a passing hobby for casual gamers with poor graphics and control issues.
Mobile gaming is the fastest growing segment in the gaming industry with 60% market share and higher revenue compared to PC and console games. The simplicity, convenience, and affordability of mobile gaming have made it more accessible to a wider audience, despite the challenges of graphics and controls. Nowadays, popular games like Fortnite and COD have been successfully adapted for mobile devices and have become popular among dedicated gamers.
Web3 gaming is expected to undergo a similar evolution to mobile gaming in the past. Despite the current challenges faced by Web3 games such as lack of accessibility, Web3 games are expected to coexist with their desktop and mobile counterparts in 2023. The technology that will make Web3 gaming more accessible is still uncertain, but the industry is optimistic about the future.
🤖 AI paves the way for Web3 game development
The integration of AI into Web3 games opens up new possibilities for game developers to create sophisticated, engaging and immersive experiences for players. Web3 games have the potential to become even more engaging with the integration of AI, resulting in engaged players who are more likely to enjoy and become immersed in the games.
The team at Immutable is excited about the technology’s potential to create more engaging counterplay for opponents in games like trading card games and RPGs. They aim to develop deep and immersive AI, tailored to players’ needs, creating a learning curve that matches their progress in the game. They start experimenting with ChatGPT and develop a narrator that tells stories based on the card game with the GPT-3 software.
Web3 studios are at the forefront of adopting AI technology to enhance their games, as large traditional game studios are constrained by the “innovation dilemma” that makes integrating AI capabilities more expensive for them. One of the earliest open-world, player-owned web3 games, Delysium builds its own metaverse with AI-generated characters and content. The characters, AI-powered MetaBeings, have a neural brain system that controls their lives in the virtual world and are capable of holding assets, participating in game types and generating cryptocurrency revenue.
As AI continues to advance, it will bring about major changes in the gaming industry, allowing for the exploration of new possibilities such as autonomous character growth, learning, and customization. In the near future, more games, both traditional and Web3, will integrate AI into their development.
➡️Who is leading the AI ​​attacks?
One of the earliest open-world, player-owned web3 games, Delysium builds its own metaverse on AI-generated characters and content. Characters that are AI-powered MetaBeings in the video game Delysium have a neural brain system that controls their lives in the virtual world. These MetaBeings are able to hold their own assets, automatically participate in game types and generate cryptocurrency income.
Compared to other studios, Web3 studios are the most passionate about using this new technology. Although every developer wants to use OpenAI to improve their games, large studios are constrained by an “innovation dilemma” that makes it more expensive for them to take the chance to integrate AI capabilities. Web3 and NFT games will therefore be at the forefront of using these technologies in the future.
AI heralds a new era. It presents major advances and changes in the gambling industry. Soon we will be able to explore new possibilities such as autonomous character growth, learning and customization. In 2023, more games – traditional and Web3 games – will contain AI.
2023 is shaping up to be the release year as we see more games entering alpha and beta and increasing integration from Web2 to Web3.
Web2 gaming companies are starting to gravitate toward Web3 as the industry evolves and blockchain technology becomes more mainstream. Traditional gaming companies are recognizing the potential of blockchain-based games and the opportunities they offer, and are beginning to explore ways to integrate these new technologies into their existing ecosystems. Polygon is expected to become the main gaming platform due to its global partnerships.
The strong funding of the Web3 infrastructure underscores that the industry will build strong foundations. Blockchain games need to engage millions of players through user-friendly experiences. And of course gamers want quality games that are no lesser versions of what they already play on their PC, PlayStation or mobile phones.
All in all, these significant investments show that blockchain gaming is becoming an increasingly popular area of ​​investment and the industry is showing strong signs of growth. With major players in the venture capital and blockchain industries investing in blockchain games, it is clear that the industry has a lot of potential for future growth.
However, it is important to note that the blockchain gambling industry is still in its infancy and will take some time to fully mature and realize its full potential. This is a new and rapidly developing industry that is still trying to gain a foothold and establish itself.
Where to find Yoda Labs:
Website | Twitter | Blog |
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.