1: In 2023, the total market value of 183 gaming projects remained relatively stable between $4 billion and $7 billion, a decrease of 86% from the historical high in 2022. However, there is still immense potential for growth.
2: Major gaming companies are showing increased interest in the Web3 market.
3: With streamlined user interfaces and more relaxed regulations, mobile gaming has become an increasingly attractive platform for Web3 developers.
4: The primary markets for blockchain gaming include the Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, Mainland China, and the United Arab Emirates.
5: The number of blockchain networks dedicated to gaming is increasing annually, with 76 new networks appearing in 2023 alone. This sets the stage for an upcoming battle for player liquidity in 2024.
6: In 2023, the on-chain transaction volume of blockchain games averaged 23 times that of DeFi protocols, indicating a significant area of focus for many gaming-specific networks, subnets, and blockchains.
7: Only slightly more than 5% of daily players in all playable blockchain games exceed 100 user wallets.
8: The increasing financial incentives for players and the rising costs of real-time operation for Web3 games make them economically challenging to sustain.
9: The user acquisition costs for blockchain games may be very high, with certain case studies showing a 77% higher customer acquisition cost for blockchain mobile casual games compared to non-Web3 alternatives.
10: For profitability and scalability, numerous Web3 games will need to expand their monetized user base, increase whale spending, or both.
11: Currently, approximately 1.2 million unique active wallets participate in gaming protocols daily, leading to a daily gaming transaction volume of 15 to 25 million.
12: Optimism and the OP Stack framework have become the most popular choices for Full-Chain Crypto Games (FOCG) developers, with Starknet being another popular infrastructure choice for FOCG.
13: TON encrypted games are a new trend.
14: AI-driven "generative agents" will create entirely new player experiences.
15: According to Delphi, noteworthy projects at the intersection of AI and encrypted games include Parallel, Today, Ai Arena, Geppetto Ai, and Avalon.
16: The infrastructure for Web3 game development is rapidly expanding.
17: According to Delphi Digital, the two most promising projects are HYTOPIA and the Ronin Network.
18: Both privately and publicly, AAA-level games have undoubtedly been a focal point of the blockchain gaming industry over the past two years.
19: At a high level, AAA games compete not only with each other but also with the broader Web2 shooter game market.
20: 2024 holds great promise for the Web3 gaming industry.
