Table of Contents

Introduction

1. When Will the Era of Blockchain Gaming Begin?

2. Which Blockchain Games Deserve Attention?

3. What Does It Take for Blockchain Games to Succeed?

4. Closing Thoughts

 

 

 

Introduction

Blockchain gaming has been around for six years now. It started with the introduction of the first blockchain game, CryptoKitties, and the concept of Play-to-Earn (P2E) that was introduced by Axie Infinity, followed by global gaming giants like Ubisoft, SEGA, and Nexon joining the blockchain gaming market. However, the mainstream adoption of blockchain gaming still seems elusive. Many gamers hold a negative view of coins and NFTs, and even games based on popular IPs have received disappointing reviews. When will the era of blockchain gaming truly arrive? Why do gamers remain skeptical of it? What does blockchain gaming need to establish itself? This article aims to address these fundamental questions and provide insights into the future direction of the blockchain gaming market.

 

1. When Will the Era of Blockchain Gaming Begin?

It's been only a couple years since significant capital began flowing into the blockchain gaming market.

Gaming is one of the areas where blockchain technology has seen substantial investment, following infrastructure. Investment in blockchain gaming gained momentum in 2021 with the emergence of successful cases like Axie Infinity and MIR4. The investment, which was a mere $151.6 million in 2020, expanded significantly to $5.5 billion in 2021 and further to $8.5 billion in 2022. While it is expected that the investment in 2023 will decrease to around $2.3 billion due to the overall downturn in the crypto market, the cumulative investment from 2021 to 2023 amounts to a staggering $16.3 billion.