Could Crypto Games be the Future of the Gaming Industry? Web3 has been changing the way players interact with games. Now, in addition to being fun, it is possible to add value to the time played, monetizing gameplay with NFTs or Tokens. Come and discover what the Future of Crypto Games will be!
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Global Gaming Market (Web2)
According to a report by Newzoo, the number of gamers globally is expected to reach 3.42 billion in 2024. Of this amount, the majority comes from Mobile gamers who represent a little over 50%, with 2.8 billion gamers who prefer Mobile to Console or PC. Among them, the vast majority of players are from Asian countries, accounting for 53% of global players.
It is interesting to note that revenue follows the number of players. The total revenue generated by the 3 types of platforms (PC, Console and Mobile) was almost 190 billion dollars. Of this total, almost 50% came from Mobile games, reaching almost $100 billion dollars. This shows us the strength that mobile games have in the gaming scene.
We also have a report by Fortune Business Insights on the value of the global gaming market, which in 2022 was almost 250 billion and estimates growth in 2030 to 665 billion. In this market, the largest share of games is Shooter style, then Action, then Sports games and finally RPGs.
Crypto Games Market (Web3)
All this analysis of the games report in general brings us several valuable insights for the Crypto Games market, analyzing the existing potential of Web3 in Games. When we look back at the Dapp Radar Report on the number of unique daily wallets, we notice that there is still a great potential for growth when compared to Web2 games.
The large number of almost 5 million daily wallets in Web3, which was double the number at the beginning of the year, does not even come close to the number of players in the world of different platforms, which exceeds 3.4 billion. This shows us that Crypto Games are just a small fraction of the players and makes us question what needs to be done to grow.
The main thing in every game is fun. With more companies investing in Web3, better, more fun and immersive games have been created. However, what is missing is to reach this global user base with something that can attract the attention of consolidated games such as LOL, WoW, CSGO, to Web3 game versions and how to do this?
Building a solid economy in Crypto Games and publicizing its differential that the cosmetics within the Games are NFTs, which can be traded and are 100% owned by the player. Also, presenting the reward modes that currently exist that reward players for their time. Currently we have Play to Airdrop, which provides tokens upon completing certain missions and also Play to Earn, which rewards players with tokens or NFTs for their time.
