Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of the crypto.news editorial.
Web3 games have always been a polarizing feature within the blockchain space – a polarizing industry in its own right. Its rise and fall, in many ways, mirrored the crypto industry's broader transition from boom to bust between 2021 and 2022. But as cryptocurrencies demonstrate steady growth and defi gains greater traction, few expected the web3 games were more than an insignificant niche sector.
After all, traditional players quickly discovered that many of these games were either unentertaining or a complicated and time-consuming way of staking seemingly “worthless” tokens and nfts.
However, in mid-March, web3 gaming tokens eclipsed more than $30 billion in market capitalization for the first time since the previous bull run, when the sector peaked amid COVID-driven “play to win.” . nft-video-game-axie-infinity.html” target=”_blank” rel=””>frenzy. In 24 hours, the market capitalization of the GameFi sector saw a six percent increase, outpacing the overall crypto market growth and highlighting a shift in consumer behavior favoring higher risk investments.
While mainstream players won't care about the price fluctuations of Decentraland's MANA rollercoaster, or Gala Game's GALA utility token enjoying a price surge, the emergence of ai in web3 games indicates legitimacy and the potential to grow your user base. With the traditional gambling market My dear To surpass $270 billion by 2024, web3 games must appeal to gamers who largely remain skeptical of any title that leverages blockchain or mentions nfts in its marketing material.
Fortunately, web3 game studios and projects now understand that appealing to traditional players requires a new approach. As such, the focus is now on creating fun games that are more like their mainstream counterparts. To fulfill this mission, web3 games continues to incorporate experienced developers and executives from mainstream games while using ai to enhance game elements such as bot interactions and realistic simulation of immersive environments.
For example, Aptos Labs, the development team behind Layer 1 Chain, recently partnered with Google Cloud to support Aptos GameStack, a unified platform for creating, integrating and linking blockchain elements within games. By leveraging Google's cloud infrastructure, Aptos supports the broader web3 gaming industry by incorporating analytics and integrating ai and machine learning products, enabling developers to deliver a higher quality gaming experience.
Integrating ai-driven features and leveraging the experience of traditional gaming veterans certainly shows that the space has matured since the peak era of play-to-win, but there is still work to be done to onboard mainstream players. For example, a report from the Blockchain Gaming Association found That 55 percent of respondents said the cryptocurrency onboarding process is a top industry challenge, especially when players have to open a wallet to play.
While not focused on fixing the problems of web3 games, 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 engaging stories while using ai to improve interactions with non-player characters. Exverse recently garnered nearly 100,000 signups ahead of its upcoming alpha release, while also providing an easy on-ramp for all types of players by allowing them to sign up via email, Discord, Telegram, or MetaMask.
By emphasizing the benefits of web3 games, such as asset ownership, while leveraging ai to improve game quality and solve the hostile onboarding process, Web3 games have more potential than ever to advance the 3K. millions of people in the world. players.
