Professionals in the gaming industry are confident about the upcoming year, foreseeing a significant increase in the release of Web3 games. Henry Chang, the CEO of Wemade, a South Korean game development company, predicts that developers will become more confident, leading to more complex applications of Web3 within games. As a result, players can anticipate a wider selection of Web3 games across various genres
One key aspect of this anticipated growth is the incorporation of Web3 by more gaming studios into their portfolio. One key aspect of this anticipated growth is the incorporation of Web3 by more gaming studios into their portfolio.
Chang believes that this adoption will be powered by the features of blockchain gaming, which provide immersive community engagement and new revenue streams through token-gated benefits. Blockchain gaming is viewed as a game-changer because it gives players back ownership of in-game assets and links gaming to the real world economy.
Another noteworthy trend expected in 2024 is increased collaboration between traditional gaming industry players and Web3 startups. According to Bartosz Skwarczek, founder and CEO of G2A Capital Group, this collaboration will likely lead to more mainstream adoption of Web3 in gaming. The focus is on creating improved accessibility and user-friendly interfaces, enabling more elaborate game designs and engaging gameplay mechanics.
Skwarczek highlights the importance of integrating non-fungible tokens (NFTs) for in-game assets and anticipates the emergence of a true Triple A-rated Web3 game. This collaboration-driven approach aims to transform blockchain gaming by setting new standards and enhancing the overall gaming experience.
While the outlook is positive, the industry acknowledges challenges in onboarding a more extensive player base. The complexity of blockchain technology poses challenges for both developers and gamers.
Henry Chang suggests that this problem can be solved by simplifying the integration of Web3 elements for developers and improving the game's blockchain's simplicity. Simplifying these components might encourage a wider acceptance of Web3 in gaming by accelerating adoption among regular gamers.
In conclusion, the upcoming year holds promise for the gaming industry, with expectations of increased innovation, collaboration, and user-friendly solutions in the realm of Web3 gaming. The integration of blockchain technology is poised to reshape how gamers interact with and experience their favourite games.
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