CandleFocus Web3 gaming mainstream adoption will happen gradually, then suddenly | Opinion
2024-10-02
Author: Content Editor
The iGaming industry is experiencing significant growth, and web3 gaming is a driving force behind this trend. Web3 gaming offers enhanced gaming experiences through features like in-game asset ownership, community-driven development, and increased transparency. Despite being in its early stages, web3 gaming has attracted over $162 million in funding between February 2023 and 2024. Major gaming companies, including Microsoft, Tencent, Sony, and Nintendo, are investing in web3 gaming projects, blockchain game development, and hiring for blockchain-related roles. Epic Games plans to introduce 20 NFT games to its store in 2024. However, web3 gaming still remains a niche segment and needs to overcome barriers to mass adoption, such as high entry complexities, fees, latency, and lack of quality analytics. Partnerships and initiatives, like the Telegram Gaming Accelerator, aim to address these challenges and trigger mass adoption of web3 gaming.
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