Delphi Digital recently released a report titled “The Year Ahead for Gaming 2024,” highlighting key global markets for blockchain games, including the Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, China, and the United Arab Emirates.
Stacy Muur, a Web3 marketer, shared insights from this report in an X post, emphasizing the consistent market capitalization of 183 projects, hovering between $4 billion and $7 billion throughout the year. Despite being significantly lower than the 2022 all-time high by 86%, Muur underscored the substantial growth potential in this sector.
The OP Stack framework emerged as the top choice for fully on-chain crypto gaming developers, simplifying Layer 2 chain development through its open-source approach.
There’s a notable trend of major gaming companies exploring opportunities within the Web3 space, while Web3 developers are increasingly drawn to mobile gaming due to streamlined onboarding processes and more relaxed regulations.
In 2023, there was a surge in gaming-focused networks, with 76 new networks, including both general-use L1s and L2, emerging. Interestingly, blockchain gaming outpaced DeFi protocols with an average of 23 times more on-chain transactions.
Approximately 1.2 million daily unique active wallets engage with gaming protocols, resulting in a daily transaction range of 15 to 25 million.
The report also predicts that AI-driven generation agents will revolutionize player experiences. Projects like Parallel, AI Arena, Geppetto AI, AVALON, and TODAY are at the forefront of combining artificial intelligence with crypto gaming.
