Execs weigh in on blockchain gaming future

by Jeremy

As Web3 gaming confirmed resilience regardless of the crypto bear market, professionals working within the area predict that the following 12 months shall be extra eventful for the blockchain gaming area of interest. 

Henry Chang, the CEO of the South Korean sport growth firm Wemade, believes that there shall be a rise in blockchain-based video games launched in 2024. Chang advised Cointelegraph in a press release that there shall be extra complicated purposes of Web3 inside video games. Chang mentioned:

“As builders achieve expertise and confidence, we also needs to see larger experimentation and complex use of blockchain components in-game mechanics and gameplay, and a greater variety of Web3 video games of various genres.”

Moreover the variety of video games popping out, Chang additionally famous that extra gaming studios are sure to incorporate Web3 of their portfolio. The manager believes that that is as a result of inherent traits of blockchain gaming, which permits it to supply new income streams, create new experiences and make neighborhood engagement extra immersive by token-gated advantages. 

Chang additionally identified that gaming mixed with the blockchain returns in-game asset possession to players, connects the real-world financial system to video games and makes video games interoperable by tying them into “a cohesive complete.”

Bartosz Skwarczek, the founder and CEO of G2A Capital Group, the corporate behind the gaming market G2A, echoed a lot of Chang’s sentiments and mentioned there shall be extra collaboration between conventional business gamers and Web3 startups in 2024.

In line with a press launch on Nov. 2, Microsoft backed Chang’s Wemade with its Web3 push. On Nov. 16, Skwarczek’s G2A, which is a standard sport vendor, opened its personal NFT market targeted on Web3 video games.

Skwarczek advised Cointelegraph that extra collaborations will result in extra mainstream Web3 gaming adoption. Skwarczek mentioned: 

“With improved accessibility and user-friendly interfaces, we are able to additionally anticipate extra elaborate sport designs and extra participating gameplay mechanics, attracting a broader viewers.” 

The manager believes that integrating nonfungible tokens (NFTs) for in-game property and the emergence of a real Triple A-rated Web3 sport often is the catalyst to redefine blockchain gaming within the coming 12 months. 

Associated: NFT gross sales quantity upward development to proceed, business execs say

How Web3 gaming can onboard extra gamers

Whereas there are numerous issues to sit up for within the coming 12 months, considered one of blockchain gaming’s greatest challenges is onboarding a extra intensive participant base. In line with Chang, blockchain expertise is complicated for many sport designers and builders. This implies customers themselves could have a tough time understanding the expertise themselves. 

Regardless of these hurdles, Change believes that making it simpler for builders to combine Web3 components into their video games and making the blockchain elements extra intuitive and native to video games might remedy this problem. The manager believes that making this stuff simpler to your common gamer to grasp will permit them to adapt a lot quicker. It will result in broader adoption of Web3 in gaming.

In the meantime, Skwarczek reiterated that there needs to be “one groundbreaking Web3 title” that can set the usual for blockchain gaming and improve gamers’ total expertise. “That’s the lacking piece that can get Web3 consideration and mass adoption,” Skwarczek added.

Journal: 65% plunge in Web3 Video games in ’23 however ‘actual hits’ coming, $26M NFL Rivals NFT: Web3 Gamer