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The ever-evolving blockchain gaming space has started to return to an upward trend after suffering minor setbacks in the past several months. Blockchain gaming as a space has grown and evolved a lot since its inception in 2017. In this article, we shall dive in-depth into some of the expectations in blockchain gaming this year.
Web3 Gaming Predictions – NFT Gaming Expert Weighs In
In a January 01 blog post, Lamboland, the head of growth at The World Largest Web3 Gaming Firm, has shared some insights into the larger blockchain gaming space. According to the crypto gaming expert, web3 gaming feels like a burble since many NFT gaming projects are overhyped. However, there are still reasons to be bullish.
Web3 gaming will blow your mind in 2024.
Here’s why it has the biggest upside of any crypto category this year 🧵👇
(1/22) pic.twitter.com/CVV2F5XYKt
— Lamboland (@LambolandNFT) January 1, 2024
Fortunately, big gaming studios have started entering the web3 sector. In the past few months, gaming studio, including Zynga, Nexon, Ubisoft and Square Enix, have announced their foray. Moreover, many fun web3 games are currently being built, with most of the 2021-22 funded web3 games expected to launch in 2024.
Furthermore, an increasing amount of web3 games are listed on The Epic Games Store. It’s also worth noting that over $19 billion has been invested in web3 gaming since 2021. In that context, many web3 gaming studios currently sit on tons of cash.
The Web3 Gaming Market Size To Hit $8.8 Billion By 2028
The global play-to-earn non-fungible token games market is anticipated to rise at a considerable rate during the forecast period between 2024 and 2031. Play-to-earn is a type of video gaming that rewards players for their in-game achievements with digital assets with real-world monetary value, such as crypto tokens and NFTs.
Earlier In November 2023, 360marketupdates.com, an on-chain analytic firm, forecasted the global play-to-earn non-fungible token games market size to expand at a CAGR of 17.93% in the coming years, reaching $8.8 billion by 2028. Gaming will be a major narrative during this year’s highly anticipated crypto bull run.
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