Around a year and a half ago, cryptocurrencies, blockchain, metaverse, and play-to-earn models were shrugged off by many as an exaggerated fad that would eventually fade. Despite these, blockchain gaming has been experiencing a resurgence recently. What does this mean, and what can we anticipate for 2024?
Anticipating a Strong Start in 2024
The arrival of numerous titles, products, and token launches in 2024 sets the tone for what we can expect in 2024. The industry never truly died, but it is making a huge comeback. 2024 could very well be the big year for Web3 gaming. The main narrative is that many games initially scheduled to be released in 2023 are now all scheduled for release in 2024.
The price of Bitcoin is over $40,000, and the market is rising. Over the past 30 to 60 days, blockchain gaming has experienced a pleasant resurgence. We have a lot of games that will fully launch in 2024, and it’s certain that many people in the industry are excited about them.
Navigating Challenges
Despite its resurgence, achieving mass adoption of blockchain games will still be an uphill climb. A lot of new users of the tech still have to get grips with the know-how and understand the ins and outs of it. Sometimes, too, it isn’t the technical impediments that hinder the growth but rather the lack of a much-needed paradigm shift in mindset.
Big gaming companies like Ubisoft have a difficult time meeting customer expectations. There’s a difference between the perspectives of Web2 and Web3 users, and this is precisely what needs to change.
Recently, Gods Unchained, upon its availability on Amazon Prime Gaming, received an Adult Only rating. When you think about it, it doesn’t make sense compared to traditional collectibles like Pokemon or baseball cards that do not face similar restrictions. It’s these kinds of challenges that the industry must carefully navigate to achieve mass adoption.
Parallels to the Evolution of Mobile Gaming
The criticism that blockchain games are currently receiving is reminiscent of the period when studio creators wrote off mobile games as unimportant. Many people discredited games such as Candy Crush and FarmVille but these games still eventually became very popular. The popularity of these games suggests that history might be repeating itself in the blockchain gaming world.
Despite setbacks and prevailing criticism, blockchain gaming is ripe for innovation and adoption.