Original source: Stacy Muur
Original compilation: Luffy, Foresight News
Crypto research organization Delphi Digital released a Web3 gameannual report, encryption researcher Stacy Muur summarized 20 highlights of the report.
1. The total market value of 183 game projects in 2023 will remain stable between US$40 and US$70 throughout the year, a decrease of 86% from the historical high in 2022. But the gaming industry still has huge growth potential.
2. Game giants’ interest in entering the Web3 market is growing.
3. As the entry process improves and regulations become more relaxed, mobile games have become an increasingly attractive platform for Web3 developers.
4. The main markets for blockchain games are the Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, China and the United Arab Emirates.
5. The total number of blockchain networks focusing on games is increasing year by year. The report shows that 76 new networks will emerge in 2023 alone, including general L1, L2 and application chains. Therefore, an important theme in 2024 is the battle for player mobility.
6. By 2023, the average on-chain transaction volume generated by blockchain games will be 23 times that of DeFi protocols. Obviously this will become a key focus area for many game-specific networks, subnets and blockchains.
7. Among all playable blockchain games, only slightly more than 5% have daily player counts exceeding 100 user wallets.
8. The costs of player incentives, game launch, and maintenance operations are constantly rising, making Web3 games economically unsustainable.
9. User acquisition costs for blockchain games can be very expensive. In fact, some case studies show that customer acquisition costs for mobile casual games on the blockchain are 77% higher compared to non-Web3 games.
10. In order to achieve profitability and scale, many Web3 games will have to expand their commercial user base, increase whale spending, or both.
11. Currently, about 1.2 million independent active wallets participate in the game every day, and daily game transactions range from 15 to 25 million.
12. Optimism and OP Stack have become the most popular choices for full-chain game (FOCG) developers. Starknet is another popular infrastructure for FOCG.
13. Telegram (TON) Crypto gaming is a new trend.
14. Artificial intelligence-driven “generative agents” will create a new player experience.
15. According to Delphi’s point of view, projects at the intersection of artificial intelligence and crypto games that are worthy of attention include Parallel, Today -, AI ARENA, Geppetto AI, and AVALON.
16. The infrastructure for Web3 game development is expanding rapidly.
17. According to Delphi Digital, the two projects with the greatest potential are HYTOPIA and Ronin Network.
18. In the past two years, AAA games have undoubtedly been the focus of the blockchain game industry.
19. At a high level, AAA games compete not only with each other, but also with the broader Web2 shooter market.
20. 2024 will be an exciting year for the Web3 game industry.
