The Web3 ecosystem has experienced significant growth, with the total market cap of the crypto industry reaching $3.8 trillion. This growth has mainly been driven by the emergence of specific niches such as decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming platforms. NFT collections, especially those affiliated with blockchain-powered games like Axie Infinity, played a major role in the upward inflection of crypto adoption. Blockchain games have consistently outperformed other crypto niches in terms of on-chain activity, attracting millions of daily active users. This success can be attributed to the relatability of gaming to a wider audience compared to finance. Web3 gaming stands out due to the concept of player-owned gaming assets, where players fully own in-game assets and can monetize them through NFT marketplaces. Incentivized tokenomic models, which include rewards for engaging, completing quests, or inviting others to participate, have also been effective in attracting players. The tap-to-earn niche, where users can earn rewards by simply tapping on their phones, has gained over 500,000 registered users on platforms like Lucky Funatic. While still a nascent niche, the Web3 gaming ecosystem is expected to challenge the status quo in gaming economies due to its compelling value proposition.



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