Delphi Digital’s Report Anticipates a Promising Year for #Web3 Gaming
Delphi Digital recently released a report titled "The Year Ahead for Gaming 2024," asserting that key markets for #blockchain games include the Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, China, and the United Arab Emirates.
Key insights shared by Stacy Muur, a Web3 marketer, emphasized the stability of the total combined market capitalization of 183 projects, fluctuating between $4 billion and $7 billion throughout the year. Despite being 86% lower than the all-time high in 2022, Muur highlighted significant growth potential.
The report highlighted the #OP Stack framework as the preferred choice for fully on-chain crypto gaming developers. OP Stack, an open-source development stack, simplifies the creation of Layer 2 chains for developers.
Major gaming companies are showing increased interest in entering the Web3 market, and Web3 developers are drawn to Web3 mobile gaming due to improved onboarding processes and "more relaxed regulations."
Data reveals a surge in the total number of gaming-focused networks, with 76 new networks, including general-use L1s and L2, emerging in 2023. Blockchain gaming, during the same period, generated on average 23 times more on-chain transactions than #DEFI protocols.
Approximately 1.2 million daily unique active wallets are engaging with gaming protocols, resulting in a daily transaction range of 15 to 25 million.
The report anticipates AI-driven generation agents creating entirely new player experiences, citing projects like Parallel, AI Arena, Geppetto AI, AVALON, and TODAY at the intersection of artificial intelligence and crypto gaming.
Source - coinedition.com