Home>BLOCKCHAIN>Execs weigh in on blockchain gaming future

Execs weigh in on blockchain gaming future

As Web3 gaming confirmed resilience regardless of the crypto bear market, professionals working within the house predict that the subsequent yr will probably be extra eventful for the blockchain gaming area of interest. 

Henry Chang, the CEO of the South Korean recreation improvement firm Wemade, believes that there will probably be a rise in blockchain-based video games launched in 2024. Chang informed Cointelegraph in a press release that there will probably be extra advanced 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 parts 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 chief believes that that is as a result of inherent traits of blockchain gaming, which permits it to offer 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 avid gamers, 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 will probably be extra collaboration between conventional trade gamers and Web3 startups in 2024.

In response to a press launch on Nov. 2, Microsoft backed Chang’s Wemade with its Web3 push. On Nov. 16, Skwarczek’s G2A, which is a conventional recreation vendor, opened its own NFT marketplace centered on Web3 video games.

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

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

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

Associated: NFT sales volume upward trend to continue, industry execs say

How Web3 gaming can onboard extra gamers

Whereas there are a lot of issues to stay up for within the coming yr, certainly one of blockchain gaming’s greatest challenges is onboarding a extra in depth participant base. In response to Chang, blockchain know-how is advanced for many recreation designers and builders. This implies customers themselves could have a tough time understanding the know-how themselves. 

Regardless of these hurdles, Change believes that making it simpler for builders to combine Web3 parts into their video games and making the blockchain components extra intuitive and native to video games may resolve this concern. The chief believes that making these items simpler on your common gamer to know will permit them to adapt a lot sooner. 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’ general expertise. “That’s the lacking piece that can get Web3 consideration and mass adoption,” Skwarczek added.

Journal: 65% plunge in Web3 Games in ’23 but ‘real hits’ coming, $26M NFL Rivals NFT: Web3 Gamer