Web3 Games Anticipate 100 Million Gamers as Consumers Within the Next 2 Years

While Web3 gaming may have started as a simple experiment with Blockchain technology, this gaming concept is nearly taking over the entire gaming domain. Based on the decentralized architecture of Blockchain technology, Web3 games offer consumers greater control, security, and flexibility over their gaming assets. Compared to traditional gaming, Web3 games use smart contracts and decentralized protocols to allow for asset trade and a better user experience.

According to BanklessTimes.com, Web3 Gaming will have about 100 million consumers by 2025.

The site’s Financial analyst, Alice Leetham, comments:

Over the years, Web3 games have developed significantly and materialized into potential business ventures worthy of investment. With the player base expected to expand, the Web3 industry will likely receive more financial backing and see more tech developments.

BanklessTimes crypto analyst, Alice Leetham

Overview of Web3 Gaming

As of October 2023, Web3’s daily unique active wallets spiraled to 1 million, with investments at $154 million for that month alone. Ideally, this considerable rise in daily wallets will increase Web3 developers’ expectations for 2025’s user base. It also indicates the growing consumer interest in these games and the investments poured into the industry since 2022.

In Q3 ’22, the Web3 domain received assets worth an astounding $1.22 billion, $739 million in Q1’23, and $600 million in Q3 ’23.

So far, the Blockchain gaming market is set to grow by 70.3% by 2025. With about 40% of new Web3 games being launched in the next year or so and the player base set to increase, the predicted market value is a strong possibility.

Why are Web3 Games Attracting a Large Consumer Market?

Undoubtedly, decentralized tech like Web3 games has come alive with the recent crypto momentum. The buzz around cryptocurrencies has stirred a wave in the gaming consumer market, with many looking at Web3 games as an opportunity to earn in-game assets and have more ownership rights.

Web3’s flexibility and accessibility are key driving factors for its current consumer base. Besides, the new games and developments are particularly attractive to consumers. Due to the new tools and gaming activities, many more will be pulled into this gaming domain, which is set to be launched by 2025.

Although Web3 gaming is still new to the gaming landscape, we can expect to see astounding progress in the coming years. The industry is growing incredibly fast and will be vital in redefining the gaming space and promoting crypto integration.