Siu anticipates a significant surge in activity within the casual Web3 gaming space, including mobile gaming. He expects these less complex games will attract “tens of millions, if not 100 million” players. He also expects Asia to lead the way in embracing GameFi technology and related non-fungible tokens (NFTs) as cryptocurrency regulations in the region become more friendly and open.
Unlock GameFi Potential: Drawing from Counter-Strike Series Models
According to Johnson Yeh, founder and CEO of Ambrus Studio, the Web3 gaming landscape is poised for significant growth, especially with a bull market expected in 2024. Yeh suggests taking inspiration from the free-to-play Counter-Strike franchise. Sometimes it fetches mid-six figures. Protected by smart contracts, these skins can prove to be unique, allowing streamers, esports players, and celebrities to collectively generate revenue and engage with their fandom.
Empowering Creators: Embracing User-Generated Content in Web3 Gaming
Sebastien Borget, co-founder of The Sandbox, highlights the enormous potential of user-generated content (UGC) in Web3 games. Platforms like Unreal Editor for Roblox and Fortnite have already seen the expansion of UGC. Borget emphasizes that decentralized platforms are positioned to empower creators and reward them for their contributions through Web3 technology.
A global perspective on Web3 gaming
Siu expects a resurgence of big names in Web3 gaming once the legal environment in the U.S. becomes clearer. Moreover, he points out that while cryptocurrencies may be viewed with skepticism in the English-speaking world, other regions such as the Middle East and France are showing great interest in NFTs. According to Borget, businesses and celebrities are actively looking for creative ways to engage their audiences through UGC-based entertainment.
Technological Leap: VR Headset Revolutionizing the Gaming Experience
The upcoming Apple Vision Pro headset is considered a potential “game changer” for the virtual world by Yeh. He expects significant sales volume to help reduce hardware costs and overcome major barriers to consumer entry into the sector. While Meta is making waves with its Quest 3 headset, Yeh believes Apple’s iconic brand image gives it an edge.
Embracing the Future: Fueling Potential Growth for Web3 Gaming
Web3 gaming is poised for significant growth in 2024 and beyond, driven by highly anticipated blockchain game launches and growing adoption of GameFi technology and NFTs in Asia. The casual Web3 gaming space is expected to see increased activity as less intensive games attract new users. Additionally, legal clarity in the U.S. is expected to lead to a resurgence of celebrity, and brands are actively exploring new ways to engage audiences through UGC-driven entertainment. Adopting the Apple Vision Pro headset can also help reduce hardware costs as VR technology becomes more popular.