Although it is still in its infancy, I believe that web3 gaming is growing quickly. The amount of money invested in Web3 gaming has significantly increased in recent years.
According to the data I obtained, overall spending was about $4 billion in 2021 and is expected to reach $9.25 billion in 2022. It appears that even more new advancements and investments in new projects will be made in 2023.
In 2023, what do you anticipate for web3 and gamefi in general?
The esports market is anticipated to grow to $5.48 billion by 2029. Given the gaps in the markets for Web2 and Web3 gaming, decentralized gaming apps have a tonne of potential. Gamification has a lot of room in a variety of industries that use the native Web3 incentive structures as well.
Since there are so many projects that seem promising, CoinFantasy took a new approach to create a realistic gaming environment based on the crypto financial markets. One of my favorite aspects of these games is definitely how cryptocurrency may be used in them.
But I believe that the future of Web3 gaming is growing as more games include famous actors and figures. More people are enjoying Web3 games as more people become aware of the NFT user experience. The ownership, transparency, and interoperability that NFTs provide are more widely known among celebrities and NFT developers.
What do you believe could lead to a significant uptick in web3 and gamefi?
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