The world of web3 games saw Great growth in 2023, but user adoption remains a challenge for many projects. According to data from Self Analytics, the number of active blockchain games increased slightly to 2,471. However, only 20% of these (226 games) attracted more than 5,000 monthly users.
While funding was up from previous months, investments such as Binance Lab’s $25 million backing of Xterio show continued interest in the potential of Web3 gaming. Sui 8192 also made waves by enabling frictionless blockchain gaming with no barriers to entry.
Its rapid user adoption points to the expansive possibilities of blockchain-integrated gaming.
While Web3 gaming faces Great Upword such as crypto prices, its core value proposition of true ownership and interactivity continues to intrigue developers and users alike. With thoughtful design and accessible experiences, Web3 gaming may soon reach a tipping point toward mainstream adoption.
Data of this report was obtained from Self GameFi BELIEFS
GameFi Projects Overview •The marriage of sports and blockchain technology offers a new perspective on engagement, interactivity, and the potential for true ownership of in-game assets.•The cryptocurrency market has seen its fair share of price fluctuations, with StarShip leading the way in terms of the most significant price change.
However, among the 2,471 games, only 679 managed to attract more than 1000 users on a monthly basis; 226 selected games reached the milestone of attracting more than 1,000 monthly users, representing 9% of all games Will be increasing soon for sure.
What’s new in this ? •Delabs Games Raises $10.7 Million to Build on Polygon•Google Play Store officially allows NFT games,
Metaverse With New In-House Game Studio
Blockchain Game ‘Sui 8192’ Surpasses Solana’s Network Activity•Binance Labs Invests $25M in Web3 Gaming Startup Xterio Sorare operates as a blockchain-powered game that introduces a novel concept where users, called managers, can purchase and trade non-fungible tokens (NFTs) representing elite athletes and participate in competitive events, giving users the opportunity to engage with their favorite sports in an innovative and immersive way. GameFiNFT•Despite the surge, Bitcoin ended the month at a lower value of $29,230, down around 4% from its opening price of $30,587.
In particular, muted summer trading activity and a lack of short-term positive catalysts likely contributed to Bitcoin’s decline. However, as Rachel Lin, CEO of decentralised futures exchange SynFutures, pointed out, Bitcoin’s dip below $30,000 may represent a brief correction in an overarching bullish trend.
Overall Web3 Game Market The number of games continued to grow in, increasing from 3,469 to 5,469.
In July, the peak of user interaction with an impressive 2,014,190 users engaged in various protocols and games. On this day, Alien Worlds stood out with 302,533 users, accounting for nearly 20% of the whole market, underscoring the important role that flagship games play in driving the total number of active users.
Web3 Game Chains In the current month, a total of 1,177 active games have sustained user engagement through their respective game contracts. Particularly noteworthy is the BNB chain, which hosts 50.5% of all engaged games.
two standout games within the BNB ecosystem have successfully drawn an active user base surpassing 20,000 individuals: “Hippo Dash,” developed by Gameta, and “SecondLive.” This accomplishment underscores these games’ ability to capture a significant audience, emphasizing the pivotal role of innovative gameplay and captivating concepts in generating substantial user engagement.
In the current landscape of blockchain gaming, there are still significant barriers to entry. Sui 8192, however, has broken the entry barrier to the blockchain game with impressive user and transaction data on its blockchain.
The rules of Sui 8192 are simple: move numbered blocks in four directions, merging identical blocks to accumulate their values until you reach the target number, 8192. Surprisingly, each block movement triggers a transaction that changes the state of the game objects.
Although seemingly simple, Sui 8192 holds immense potential for the gaming industry.
Not only does it democratize blockchain games, making it accessible from any internet-connected device, but it also imbues the gameplay itself with persistence, integrating it into players’ digital assets.
While trading or gifting games may seem less practical at the moment, this functionality sets a groundbreaking example for future DApps.
The transactional immediacy of each in-game move, quickly processed and seamlessly integrated into the online experience, is a testament to the power of the Sui network.
Sui’s potential lies not only in its ability to process transactions in parallel, but also in its horizontal scalability, achieved by adding nodes to meet increasing demand.
This dual capability ensures consistently low transaction fees, even as more games and decentralized applications migrate to the platform.
With more than 50 games already taking advantage of Sui’s transformative potential within the first few days of its mainnet launch, it’s clear that Sui’s vision transcends the boundaries of “blockchain games”.
It empowers game developers to enrich player experiences through the possibilities of Web3 gaming.
GameFi Projects Overview The blockchain game Sorare on Ethereum has attracted significant attention and has emerged as a frontrunner in terms of user engagement. With 3,037 active users last month, Sorare has made a remarkable entrance, surpassing The Sandbox and Axie Infinity in terms of user numbers.
Similarly, Ultimate Champion remains at the top of the game on Polygon, with the second position secured on BNB Chain.
Ultimate Champions is a unique, free-to-play fantasy football and basketball game featuring officially licensed digital cards hosted as NFTs on the blockchain.
The success underscores the powerful synergy between sports and blockchain games.
The marriage of sports and blockchain technology offers a new perspective on engagement, interactivity, and the potential for true ownership of in-game assets.
The cryptocurrency market has seen its fair share of price fluctuations, with StarShip leading the way in terms of the most significant price change. Operating on the BNB Chain (BNB), StarShip has experienced a remarkable surge, boasting an impressive increase of 890.67%.
This meteoric rise can be largely attributed to the game’s successful launch, which caught the attention and interest of investors. Close on its heels is the well-established Decentral Games, another player in the blockchain gaming space that is super worth learning about.
Meanwhile, Delabs Games, a blockchain game developer, has raised $10.7 million in a seed investment round.
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