Since the beginning of 2024, the changes in the blockchain gaming market are worth noting

Kasou Kazoku
2024-03-14 17:13:18
Collection
The bull market has arrived. Are there new incremental opportunities in the Web3 gaming market?

As blockchain technology continues to develop and mature, the current state and development trends of Web3 games have become a focal point of widespread attention both inside and outside the industry. Since 2022, the Web3 gaming sector has experienced market fluctuations and challenges, but it has also witnessed vigorous development and innovation in the blockchain gaming field.
According to relevant data, after an initial decline in market value, the GameFi market has welcomed a new surge of active users. Behind this phenomenon is a significant influx of capital and new players, as well as developers' continuous exploration and practice of innovative models in Web3 gaming. Meanwhile, over 65% of Web3 game projects are still in the development stage, indicating that more innovative works in the blockchain gaming sector are yet to be launched.
This article aims to explore the current state of Web3 games, the dynamics of blockchain game financing, and important events such as the collaboration between "MapleStory Universe" and Avalanche, and the establishment of the Starknet Game Committee, in order to provide a comprehensive perspective on whether the blockchain gaming sector will become a new trend for public chains.

1. The blockchain gaming investment and financing market has surged in early 2024:

Since the beginning of 2024, the blockchain gaming industry has welcomed a spring of financing. According to RootData, more than 20 blockchain game projects have successfully secured funding since the beginning of the year, with a cumulative amount exceeding $100 million. The successful financing of projects like Monkey Tilt, SkyArk Chronicles, and Overworld demonstrates the attractiveness and development potential of different types of blockchain games in the market. The investors are no longer dominated by traditional blockchain game investors; well-known investment institutions such as Binance Labs, Foresight Ventures, and Hack VC have also begun to participate.

2. South Korean gaming giant Nexon collaborates with Avalanche to launch the Web3 version of "MapleStory Universe":

In a significant collaboration in the blockchain gaming field, South Korean gaming giant Nexon Group announced its partnership with Avalanche to launch the Web3 version of its iconic game "MapleStory"—"MapleStory Universe." This collaboration not only marks an important step for Nexon into the blockchain gaming sector but also showcases Avalanche's strong capabilities in supporting high-performance blockchain games.

"MapleStory Universe" plans to create an NFT-centric gaming ecosystem through Avalanche's unique subnet technology, allowing players to explore, build, and trade on a decentralized platform, which is expected to bring a new and unique gaming experience to "MapleStory" fans. This collaboration signifies a deep integration of traditional gaming and blockchain technology, paving new paths for innovation and development in the entire gaming industry.

3. Starknet establishes a Game Committee, requiring more game developers to join:

To accelerate the expansion and innovation of the gaming ecosystem, Starknet has announced the establishment of a dedicated Game Committee. This committee brings together six experts from different fields, whose main responsibilities include analyzing current gaming ecosystem trends, planning and recommending strategic initiatives aimed at attracting more game developers to join the Starknet platform, further promoting diversity and development in the gaming sector of the platform.

The establishment of the committee marks Starknet's commitment and investment in building a healthy and active blockchain gaming ecosystem, and it is expected to drive the rapid growth and optimization of the Starknet gaming ecosystem through specific strategies and measures, providing players with a richer and higher-quality gaming experience.

4. From PIXEL to PORTAL, a look at the hottest and most promising blockchain game projects:

Pixels (PIXEL): As a Web3 gaming platform that integrates social, casual, and open-world elements, the launch of Pixels has attracted widespread attention in the market, showcasing the vitality and innovative potential of the Web3 gaming field.

Portal (PORTAL): Positioned as a cross-chain gaming platform, Portal aims to simplify the process for players to enter the Web3 gaming world, and its successful strategic financing further proves the high expectations of the market for cross-chain gaming platforms.

Matr1X (FIRE): As the first mobile shooting game under the Web3 entertainment platform Matr1X, the financing and market performance of Matr1X FIRE highlight the attractiveness and development potential of shooting games in the Web3 field.

In terms of market distribution and information aggregation, the Web3 gaming field still lags behind Web2. However, with the emergence of platforms like GAM3S.GG, new solutions for distributing blockchain games and helping players discover quality games are being provided. GAM3S.GG is becoming an important bridge connecting game developers and a wide range of players by offering rich game content, convenient game access, and community interaction features.

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