Disclosure: The views and opinions expressed herein belong solely to the authors and do not represent the views and opinions of crypto.news editorials.
Web3 Gaming has always been a polarizing feature within the blockchain space and is a polarizing industry in itself. In many ways, its rise and fall mirrored the broader crypto industry's boom-to-bust transition from 2021 to 2022. But with cryptocurrencies showing steady growth and DeFi gaining more traction, few expected Web3 gaming to become more than an insignificant niche.
After all, traditional gamers quickly realized that many of these games were unfun or time-consuming and complicated ways to stake seemingly “worthless” tokens and NFTs.
However, in mid-March, the Web3 gaming token surpassed $30 billion in market capitalization for the first time since the last bull market, when the sector peaked amid the coronavirus-driven “play-to-earn” frenzy. Within 24 hours, the market capitalization of the GameFi sector rose by 6%, outpacing the growth of the overall cryptocurrency market and highlighting a shift in consumer behavior favoring riskier investments.
While mainstream gamers may not care about the rollercoaster price swings of Decentraland's MANA or Gala Game's GALA utility token, which is enjoying a price spike, the emergence of AI in Web3 games is a sign of legitimacy and It shows the potential for its user base to grow. With the traditional gaming market estimated to exceed $270 billion in 2024, Web3 Games should appeal to gamers who remain skeptical of blockchain-powered titles or those that mention NFTs in their marketing materials .
Fortunately, Web3 Game Studio and Project understands that appealing to traditional gamers requires a new approach. So now the focus is on building fun games that closely resemble mainstream games. To accomplish this mission, Web3 Gaming leverages experienced developers and executives from mainstream games while using AI to enhance in-game elements such as interactions with bots and realistic simulation of immersive environments. We are still hiring.
For example, Aptos Labs, the team behind Layer 1 Chain, recently partnered with Google Cloud to support Aptos GameStack, an integrated platform for creating, integrating, and linking blockchain elements in games. By leveraging Google's cloud infrastructure, Aptos will support the broader Web3 gaming space by incorporating analytics and integrating AI and machine learning products to help developers deliver high-quality gaming experiences. I will make it possible.
Integrating AI-powered features and leveraging the experience of traditional gaming veterans shows that the field has certainly matured since its peak play-to-earn days, but it has There's still work to do to get players on board. For example, a report from the Blockchain Gaming Association found that 55% of survey respondents said the cryptocurrency onboarding process is a major challenge for the industry, especially when players need to open a wallet to play. states.
While not focused on solving Web3 gaming problems, Exverse is a first-person shooter that embodies what the industry needs to do to embrace non-crypto gamers. The free-to-play title with AAA aspirations prioritizes gameplay and an engaging story while using AI to enhance non-player interactions with his characters. Recently, Exverse secured nearly 100,000 sign-ups ahead of its upcoming alpha release, while allowing all types of sign-ups to sign up via email, Discord, Telegram, or MetaMask. We've made it easy for gamers to start playing.
By leveraging AI to improve game quality and eliminate unfriendly onboarding processes, while highlighting the benefits of Web3 Games such as asset ownership, Web3 Games is now more accessible than ever to 3 billion people worldwide. gamers.
