Since the beginning of this year, the immense popularity of (Black Myth: Wukong) has once again sparked public interest in the potential of the high-quality gaming market. With its excellent production and immersive experience, (Black Myth: Wukong) attracted the attention of global players upon its release this summer. As Web3 games gradually rise, many are beginning to explore whether this emerging field can also produce similar phenomenal works. This issue of TRON Knowledge Bureau will help you understand the current state of the Web3 gaming industry and its future development potential.

Web3 games are games based on blockchain technology that grant players ownership of in-game assets, typically represented through NFTs. Unlike traditional games, Web3 games break the closed economic system, with common models including 'Play-to-Earn' (P2E), GameFi (the combination of gaming and decentralized finance), etc. These models provide players with new economic opportunities and autonomy, promoting innovation in the gaming industry.

A blockchain gaming report released by DappRadar shows that in the third quarter of 2024, Web3 games accounted for 26% of all DApp activity in the Web3 industry. The daily unique active wallets (dUAW) reached 4.4 million, an increase of 21% from the second quarter. Although classic games like (Pixels) still dominate the market, the continuous release of new games demonstrates the vitality of the Web3 gaming field.

Additionally, in terms of financing, Web3 games had an excellent performance in the second quarter of 2024, with a total amount reaching $1.1 billion, a quarter-over-quarter increase of 314%. However, financing dropped sharply to $110 million in the third quarter, reflecting a gradual rationalization of sentiment in the capital market after experiencing a wave of enthusiasm. Although short-term financing has decreased, capital remains focused on infrastructure construction, indicating the market's long-term confidence in the future of Web3 games.

However, despite the significant growth in Web3 gaming data, no phenomenal works like (Black Myth: Wukong) have emerged. The main reason lies in the fact that many Web3 games overly focus on financial incentives, neglecting the gaming experience itself. The P2E model attracts a large number of profit-driven users, causing many Web3 games to lack depth in entertainment and struggle to establish a lasting user base. Players often focus more on economic returns rather than immersing themselves in the game’s story and gameplay, thereby reducing the long-term appeal of the games.

Technical complexity is also a significant barrier to the popularity of Web3 games. Many games require players to use cryptocurrency wallets or be familiar with blockchain transactions, which poses a high threshold for traditional players who are accustomed to seamless experiences. Overall, the current Web3 gaming ecosystem still appears underdeveloped in terms of user interface and operability, with high transaction fees and network congestion further affecting the user experience.

Although Web3 games still face multiple challenges, some technological innovation trends within the industry are rapidly developing, driving their future development potential. For example, the integration of the metaverse allows players to create and trade in virtual worlds, ensuring they truly own digital assets. The development of cross-chain interoperability technology enables resource and data sharing between different blockchain games, enhancing the overall experience.

The application of decentralized autonomous organizations (DAOs) in Web3 games is also gradually increasing, with more and more gaming communities participating in game development and decision-making through DAOs, granting players a higher sense of involvement. At the same time, AI-driven game mechanics and procedural content generation technology bring more dynamism and personalized experiences to the gaming world. These advancements in new trends not only enhance playability but also provide players with an unprecedented sense of participation.

Meanwhile, in recent years, traditional gaming giants such as Tencent and Shanda have been actively exploring the Web3 field, promoting the research and application of blockchain games. The entry of these traditional companies shows the industry's long-term confidence in the potential of Web3 games.

Overall, Web3 games still have significant development potential. Although there has yet to be a phenomenal work like (Black Myth: Wukong), with the continuous maturation of blockchain technology and the enhancement of development and innovation capabilities, Web3 games are expected to break through in the future, even producing globally influential masterpieces.