Blockchain games will be a very important part of the crypto ecosystem in the years to come. This is the conclusion of a report by Grand View Research, which looks into this sector. He also notes the key role that the decentralized finance (DeFi) sector could play.
Blockchain games will continue to attract users for years to come
The growing popularity of blockchain games is mainly based on one element according to the report: the fact of being able to hold elements of the game yourself. In “classic” games, users do not own the digital assets, collectibles, badges, etc. themselves. The use of the blockchain allows this, thanks in particular to non-fungible tokens (NFTs).
The report also notes that it is the virtual worlds of the metaverse that will provide gaming experiences. the most immersive and decentralized :
“In a metaverse dedicated to gaming, players can explore, interact and participate in various activities within the virtual world.»
Governance options are also opening up for players, who are sometimes less subject to the unilateral decisions of studios and development teams.
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DeFi as an adoption driver
The integration technologies from decentralized finance (DeFi) is also seen as a key growth factor. The “play to earn” model should in particular develop further:
“[Les protocoles DeFi] allow players to monetize their time and skillss, and it helps create a more engaging and rewarding gaming experience.»
Unsurprisingly, it is also Ethereum (ETH) which dominated the market in 2022. The blockchain still brings together many large-scale projects, and its community of developers is particularly active. Regarding game localization, the Asia-Pacific region is the most dynamic in terms of content creation.
This is a point that had already been highlighted by a recent study by CoinGecko. She noted that Asia was largely dominating in terms of interest in blockchain games, but that was not the case for Europe. One of the reasons is that the subject of blockchain games is still strongly divided. But as the report points out, the fundamental interest is there, and we should see this sector continue to develop in the years to come.
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Source: Grand View Research, press release
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Journalist at Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
Marine Debelloir
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