- Developers optimistic about mass adoption of blockchain gaming in 2024, with over half predicting 20%+ of the $347B global gaming market will use blockchain tech
- Support from traditional gaming studios seen as major boost in 2023, with 35% citing Web2 studio adoption as biggest positive
- Venture funding pouring into Web3 gaming, with $2.3B+ invested in 2022 so far and predictions of $61.5B market by 2030
The blockchain gaming industry saw tremendous growth in 2022, with developers optimistic that the coming year will see even wider adoption. A recent survey from the Blockchain Gaming Alliance highlights key trends and predictions from industry insiders.
Web2 Gaming Studios Boost Blockchain Adoption
The survey found that nearly 40% of respondents believe support from traditional gaming studios will be a major boost for blockchain gaming in 2024. Many pointed to major studios launching NFT games or integrating blockchain elements as a key driver this year. Overall, 35% said adoption by Web2 studios was the biggest positive for the industry in 2023.
Mass Blockchain Adoption Predicted in 2024
Over half of survey respondents believe 20% or more of the $347 billion global gaming market will use blockchain tech in some capacity by 2024. This bold prediction suggests next year will be crucial for mass adoption in the blockchain gaming space. Factors like gamers realizing the value of true digital asset ownership should help drive this growth.
Investments Pour Into Web3 Gaming
Venture funding reflects the bullish sentiments around blockchain gaming. Q3 2022 alone saw $600 million invested in Web3 gaming projects, bringing total 2022 investments so far to over $2.3 billion. Meanwhile, researchers predict the market will swell to $61.5 billion by 2030.
Conclusion
With developers betting big on mass adoption, investments rising, and Web2 giants showing interest, the blockchain gaming industry appears poised for a breakout year in 2024. If even a fraction of the bullish predictions come true, it could fundamentally transform gaming as we know it.
