Crypto games: future new triple A standards?

Massive growth in crypto-gaming – The GameFi it could significantly surpass traditional AAA games, provided that companies in the sector can meet the main challenges they face today.

Will GameFi soon surpass AAA games?

According to data published in DappRadar’s BGA Games report in October, blockchain games and metaverse projects have increased $1.3 billion during the last quarter.

This figure is inside 48% drop. compared to the second quarter of this year. However, it almost represents the double the amount fundraiser completed last year in its entirety.

Despite the crypto winter, blockchain games and metaverse projects continue to grow compared to 2021. Recently, the CEO of Ladder, Jack O’Holleranindicate that “Today’s AAA Game Companies” I could “they look like peanuts” in the face of the continuous evolution of GameFi.

For clarification, Skale is a multichain based network Ethereum (ETH) which powers web3 games, while AAA games refer to those produced by large publishers and benefiting from a relatively large budget and media coverage.

In addition to the CEO of Skale, Absolute reports he had also talked about an optimistic outlook for games play to earn (P2E). He advanced the figure of $2.8 billion of growth between 2022 and 2028, i.e. development at a compound annual growth rate of 20.4%.

>> Quickly register on Bitget and participate in the KCGI (commercial link) <

Challenges to overcome, a business model to find

Although GameFi has development potential that could allow it to surpass traditional games, companies in the sector must take this into consideration a series of challenges.

GameFi, the future of AAA video games?

They must to improve the user experience blockchain games, especially by eliminating or reducing gas costs or the complexity associated with holding and trading NFTs. For Jack O’Holleran, many efforts “around conviviality” must be implemented to massively attract users to GameFi.

Improving the user experience isn’t the only difficulty that companies in the sector have to face. They also have to find a viable business model. Today, GameFi players can choose between play-to-earn and play-to-own (P2O).

In the play to earn gamesplayers are primarily motivated by financial rewards, in the form of cryptocurrencies or non-fungible tokens, which they can earn. The play their own games also earn these rewards, but the players they seek entertainment first – just like in the classic games.

Play-to-own then offers additional features versus playing the game to earn, such as various rewards that gradually unlock in-game and allow a player to increase the value of an in-game asset they have earned.

The GameFi could then register a exponential growth. It attracts more and more traditional video game giants, such as Ubisoftcompanies that need to evolve to avoid offering long-term outdated products.

Want to prove your trading skills in a top-level competition? Register on Bitget and take part in the King’s Cup Global Invitational. Up to 200 BTC will be up for grabs to reward champions (commercial link).

Leave a Comment