Crypto gaming predictions show that Web3 will become popular in 2024

Crypto gaming predictions show that Web3 will become popular in 2024

Play To Earn Games | 11 Apr 2024 08:56 UTC

As 2024 draws near, the cryptocurrency industry is about to go through some huge changes. These changes will be especially noticeable in Web3 gaming, stablecoins, and Ethereum growth. The crypto community is looking forward to a year of big growth and new ideas in 2024, after a year of changing opinions, regional differences, and changing laws.

Even though the market was unstable in 2023, builders and teams showed unwavering commitment. People who have stayed committed to the sector have been rewarded with soaring prices for well-known assets like Bitcoin and Ethereum. Looking ahead, the Web3 world is ready for big changes to happen in many areas. This in-depth study shows some of the most important predictions for 2024, such as the rise of stablecoins, the change happening on Ethereum, and the volatile changes in the crypto market.

1. Gaming and Brands: A Web3 Revolution

3x+ Growth in Web3 Game Releases

The anticipation for a substantial surge in Web3 game releases is high, with a projected 2x growth in overall Web3 games and an impressive 3x growth in fully on-chain games. Data from Jon Jordan's Big Blockchain Games List reveals 1,037 Web3 games as of December 19, 2023, with 54 being fully on-chain.

Major Web2 Companies Embrace Web3

2024 is set to witness the integration of Web3 technologies by major Web2 game companies. Industry giants like Nexon, Netmarble, Ubisoft, and EA are already making strides in this direction. This integration reflects a broader trend of traditional gaming powerhouses recognizing the potential of blockchain technology.

With newfound clarity on policies related to Web3 technologies, including stablecoins, major app stores such as the Apple App Store, Google Play Store, and Epic Games Store are expected to host an influx of Web3 enhanced games. Additionally, some mobile games are predicted to introduce stablecoins as a payment option, particularly in light of regulatory developments.

Predicted Market Cap Growth

The gaming token market cap, currently standing at approximately $18 billion, is expected to witness substantial growth, reaching an estimated $40 billion or more in 2024. This prediction is based on the robust growth rates observed in the gaming industry.

"Forever Brands" Web3 Adoption

Renowned brands like Nike, Starbucks, and Gucci are anticipated to further embrace Web3 initiatives in 2024. Building on the momentum from 2022, Forever Brands are expected to double down on their Web3 presence, with predictions indicating at least twice the number of activations in the coming year.

Stablecoin Volumes Set to Surpass Visa in 2024

While the prediction for stablecoin volumes surpassing Visa in 2023 fell short, November's annualized rate of approximately $10 trillion suggests a resurgence. In 2024, high confidence is placed in the on-chain stablecoin volumes surpassing Visa's volumes, marking a significant milestone for the industry.

Solana's Ascendance in Stablecoin Transfers

The Solana blockchain, comprising around 3% of stablecoin transfer volume through November 2023, is projected to double its share in 2024. This resurgence is attributed to Solana's efficiency and cost-effectiveness, potentially drawing market share from competitors like Tron.

Decentralized Synthetic USD Stablecoin Hits $1 Billion TVL

2024 is earmarked as the year when a decentralized synthetic USD stablecoin, specifically ETH LST vs short perp, breaches the $1 billion total value locked (TVL). This development signifies a substantial shift towards decentralized alternatives to traditional stablecoins.

3. Ethereum and Transaction Flow: Navigating Change

50% of Staked ETH Liquid Staked

A noteworthy prediction for Ethereum in 2024 is the liquid staking of over 50% of staked ETH. Despite falling short of the 60% prediction from the previous year, confidence remains high that institutions will increasingly embrace staking and liquid staking.

Total ETH Outstanding Predicted at 119,600,000

While the total ETH outstanding figure currently stands at 120.21 million, a predicted burn of approximately 600,000 ETH is expected in 2024. The anticipated increase in activity across the entire Ethereum ecosystem is what fuels this forecast.

Private Transactions in Blocks to Double

The number of private transactions included in blocks is predicted to double in 2024, reaching around 22%. This shift is expected to be driven by the verticalization of the transaction supply chain, with neutral builders gaining market share over searcher builders.

Gasless Transactions on the Rise

As consumers engage across various verticals, such as gaming, a significant uptick in gasless transactions is expected. Whether facilitated through Ethereum Improvement Proposal (EIP) 4337 or other mechanisms, transactions from smart accounts and wallets are projected to increase in 2024.

Rollups Accelerate: 10x Layer-2 Transaction Count

A substantial acceleration in the adoption of layer-2 solutions and rollups is predicted, with the combined transaction count reaching 10 times that of layer-1. Furthermore, the total value locked (TVL) in layer-2s and rollups is expected to surpass that of Ethereum layer-1 by the end of 2024.

4. Markets: Token Launch Momentum

Token Launch Window Remains Open in 2024

Following a relatively slow year for new token listings on major centralized exchanges, a resurgence in token launches is anticipated for 2024. The market momentum is expected to propel a wide variety of token types, including layer-1/layer-2, DeFi, and gaming tokens.

Abu Dhabi's Growing Influence in Web3

A notable development in 2024 is the increasing influence of Abu Dhabi in the Web3 space. With Brevan Howard, one of the world's largest hedge fund managers, establishing a flagship office in Abu Dhabi, the city is poised to become a primary destination for Web3 founders. Abu Dhabi Global Market's proactive regulatory approach since 2017 positions it as an attractive hub for Web3 innovation.

FAQ Section:

Q1: How much growth can we expect in Web3 game releases in 2024?

  • A: Anticipate at least 2x growth in overall Web3 games and 3x growth in fully on-chain games.

Q2: Which major Web2 game companies are entering the Web3 space in 2024?

  • A: Companies like Nexon, Ubisoft, and EA are among those making the transition.

Q3: What is the predicted market cap for gaming tokens in 2024?

  • A: The gaming token market cap is expected to reach $40 billion.

Q4: Will stablecoin volumes surpass Visa in 2024?

  • A: Yes, on-chain stablecoin volumes are forecasted to exceed Visa's volumes.

Q5: Which jurisdiction is emerging as a primary destination for Web3 founders?

  • A: Abu Dhabi is poised to become a key hub for Web3 founders due to its forward-thinking regulatory approach.

Q6: How will Ethereum's transaction flow evolve in 2024?

  • A: Expect gasless transactions, increased rollup adoption, and a focus on user experience.
Crypto gaming predictions show that Web3 will become popular in 2024
Crypto gaming predictions show that Web3 will become popular in 2024

People will remember 2024 as a turning point in the history of the crypto industry, with Web3 games becoming a major force. When you look at these predictions, you can see a very interesting and changing future, from the amazing rise of stablecoins to the huge changes happening in the Ethereum environment. Working together between established giants and new Web3 technologies could change the way industries work as the crypto world grows up.

Take a trip into the future of Web3 gaming and keep up with the steady changes in the crypto world. Use the term #Web3Revolution2024 to join the conversation on social media and share your thoughts on the trends you think will happen. Take advantage of the chances and new ideas that are coming your way in this very important year for the crypto sector.

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Wagyu Games, the mastermind behind Undead Blocks, is known for crafting immersive and engaging gaming experiences. Starting your Undead Blocks journey is as easy as creating an account and stepping into the zombie-ridden battlefield. Personal Anecdote: When I learned that Wagyu Games was behind Undead Blocks, it instantly added a layer of trust. I've played their games before, and each time, they've managed to deliver an experience that keeps me coming back for more. Beyond Survival: Game Modes Galore Undead Blocks isn't a one-trick pony. It offers a variety of game modes to cater to every gamer's taste. From the classic survival mode to team deathmatch and capture the flag, the game keeps you entertained with diverse challenges. And let's not forget the metaverse component, where you can build and customize your fortress against the relentless undead. Blockchain Magic: True Ownership Unleashed Now, here's where Undead Blocks takes it up a notch. The game utilizes the Ethereum blockchain to give players true ownership of in-game items. Every weapon, gear, and item is represented as a non-fungible token (NFT). This means you can trade and sell your hard-earned items on the open market, adding a strategic twist to your gaming experience. Personal Anecdote: The idea of owning my in-game items like rare weapons as NFTs blew my mind. It's like having a trophy shelf of zombie-slaying accomplishments that I can show off or trade with other players. Mastering the Economy: ZBUX and ERC-20 Tokens Undead Blocks introduces a dual-token ecosystem with ZBUX and ERC-20 tokens. ZBUX, earned by playing the game, allows you to buy weapons, gear, and other in-game items. The ERC-20 tokens are pegged to the value of ZBUX, enabling seamless trading between players. It's not just about survival; it's about thriving in the in-game economy. Getting Started: Your Undead Blocks Adventure Awaits! Enough talk, right? Let's get you started on your Undead Blocks journey. It's a free-to-play experience, and all you need is an email address to create your Wagyu account. But if you're serious about taking on the undead hordes and owning exclusive items, consider grabbing a Weapon Loadout NFT from their website or OpenSea. Personal Anecdote: I remember the excitement of securing my Weapon Loadout NFT. It felt like unlocking a treasure chest filled with endless possibilities. Plus, having every weapon at my disposal added a layer of strategy to my gameplay. Choosing Your Battlefield: Game Modes Unveiled Undead Blocks offers two main game modes to test your skills and survival instincts: Squad Mode Grab your buddies because teamwork is key in Squad Mode. Face wave after wave of zombies with your squad, strategize through voice chat, and earn ZBUX as you survive the relentless onslaught. Personal Anecdote: Some of my most memorable moments in Undead Blocks happened in Squad Mode. The camaraderie, the shared victories, and the thrill of facing waves together – it's an experience like no other. King of the Hill It's every player for themselves in King of the Hill. Four players, an unknown arsenal, and a horde of zombies to face. Upgrade your weaponry to gain a competitive edge, and the ZBUX rewards? Well, they depend on your zombie-killing prowess. Personal Anecdote: The tension in King of the Hill is palpable. Not knowing your opponents' weapons adds a layer of mystery, and the race to upgrade becomes a strategic dance of survival. Conclusion: Undead Blocks - A Thrilling P2E Adventure Awaits! In the world of gaming, Undead Blocks stands out as a thrilling and immersive play-to-earn (P2E) game. It seamlessly blends fast-paced action with long-term strategy, offering a gaming experience like no other. The innovative tokenomics, true ownership with NFTs, and a fully-realized metaverse make Undead Blocks a must-play for gamers seeking something fresh and exciting. So, what are you waiting for? Grab your weapons, assemble your squad, and dive into the world of Undead Blocks. The undead await, and it's time to show them who's boss!

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Alteration - Game Review

Alteration - Game Review

Alterra awaits in Alteration, a next-gen play-to-earn NFT game with turn-based RPG and Nordic mythology developed by Legend Has It. Step into the immersive world of Alteration, a next-gen play-to-earn NFT game set in the vast realm of Alterra. This unique gaming experience combines turn-based combat, RPG elements, and a captivating twist of Nordic mythology. With its breathtaking hand-drawn visuals and a 2.5D approach, Alteration offers a stylish and strategic gameplay environment. Prepare for intense PvP battles where NFTs will play a big part, giving players advantages and the chance for high stakes and rewards. Also, in this cutting-edge play-to-earn game, you can use cutting-edge AI technology and user-generated NFTs to create your own odyssey, paving the way for the future of Web 3.0 gaming.

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Quantum Noesis - Game Review

Quantum Noesis - Game Review

Quantum Noesis is the world’s first playable, NFT-based graphic novel, where you can win crypto prizes, and unlock the ultimate puzzle: the mystery of consciousness. The first sentient AI in the world, EVI, is being attacked by those who will do anything to obliterate her. To complete all twelve stages, earn crypto rewards, and solve the world's toughest riddle, the mystery of consciousness, you must use your wits. The difficult choice to delay the game's release has to be made. 

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Medland - Game Review

Medland - Game Review

MEDLAND is a strategy-based MOBA game available on mobile, PC, and MacOS on blockchain technology. Medland is a strategy MMORTS game where players prepare their heroes with unique skills to face random game-changing events in the battle arena. The game offers a unique hybrid of RTS and MOBA genres while integrating NFTs for character progression storage. Additionally, players unite to combat the formidable Fourth Nation and rescue the Valley through various actions like building armies, collecting resources, upgrading villages, and seizing territories. The challenge lies in defeating the Fourth Nation within the finite time frame of each server, lasting 30-60 days. Failure to do so results in players' ultimate defeat as the server closes. The game introduces a captivating MOBA feature, enabling players to directly control their Hero and engage in combat against others to win Silver stakes. MEDLand brings a cutting-edge MOBA game that guarantees an exhilarating gaming experience! Within the arena, two players will clash, employing their unique abilities and minion support to gain an advantage. With various attack options at their disposal, players must strategically maneuver the battleground to outsmart their adversary and attain victory. The goal is to accumulate points during the match, and the first to reach 100 points becomes the triumphant champion. With its gripping gameplay, stunning visuals, and boundless potential, MEDLand Mayhem is a must-play for gamers and crypto enthusiasts seeking excitement. Don't miss your chance to be part of this legendary adventure in MEDLand Mayhem!

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WaveLings - Game Review

WaveLings - Game Review

"WaveLings" is a unique game that introduces artificial intelligence (AI) companions to non-fungible token (NFT) characters in order to enhance the gameplay experience. These AI companions assist the player's NFT characters in various ways, such as providing support in battles or offering special abilities. The use of AI companions is a novel idea that is likely to add an interesting dynamic to the game's mechanics. "WaveLings" is a massively multiplayer online (MMO) game that is built on the Enjin blockchain ecosystem. The game features a fully realized virtual world for players to explore and complete tasks and quests in order to earn points, ranking, and cryptocurrency. "WaveLings" was developed by Axana Games, a studio specializing in creating engaging and immersive gaming experiences. The game's use of blockchain technology and focus on completing tasks and quests to earn rewards is likely to appeal to many players. WaveLings Gameplay: In "WaveLings," players are immersed in a futuristic, fictional world where blockchain technology has brought about a utopian society. The game allows players to buy or earn parcels of land that can be used for farming new resources and making investments. These land parcels are tradeable tokens that can be exchanged or sold on the EnjinX marketplace and other marketplaces. Players can also use their land parcels to advertise real-life products and create non-fungible tokens (NFTs) out of them. The game's dynamics involve players joining giant corporations that determine their friends and foes, adding an element of social interaction and competition to the gameplay experience. "WaveLings" has partnered with the Enjin platform and uses the ERC-1155 token on blockchain technology. Enjin's Efinity sidechain, which operates on Ethereum, provides the security and protection needed for games like "WaveLings." Efinity is not a blockchain, but rather a sidechain that is connected to the main Ethereum blockchain. This connection allows Efinity to offer many of the same benefits as the Ethereum blockchain, such as security and decentralization, while also providing additional scalability and performance advantages. Overall, the use of the ERC-1155 token and the Efinity sidechain helps to ensure that "WaveLings" is a secure and stable platform for players to enjoy.

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Mandala - Game Review

Mandala - Game Review

Mandala Metaverse intertwines NFTs with an Unreal Engine MMORPG and an AR mobile game, forming a cross-chain, cross-media franchise. Mandala Metaverse emerges as an expansive cross-platform venture, empowered by SingularityNet's decentralized AGI and interlinked with Sophiaverse. This innovative franchise offers an engaging world where players can explore diverse mythologies and cultures through an MMORPG, an AR mobile game, and a television series. Additionally, the Cryptonauts NFT collection lets players personalize avatars and unlock exclusive in-game content. Mandala Metaverse pioneers the convergence of blockchain and storytelling, evidenced by the recent Cryptonauts NFT collection launch on Astar and Polkadot networks. This strategic partnership enables Mandala to harness the capabilities of Polkadot's parachains, fostering heightened security, scalability, and collaboration. This visionary venture assembles a Web3 "rebel alliance" among parachain partners, ensuring a secure journey through the complex cross-chain landscape.

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Tiny Dragons Arena - Game Review

Tiny Dragons Arena - Game Review

A player-versus-player gaming adventure on the Avalanche blockchain called Tiny Dragons. In this game, players engage in casual PvP battles using diminutive dragons to compete for glory and valuable token rewards. The Tiny Dragons are a central element of the game's ecosystem and can be leveled up using the in-game token $DCAU. Players can also participate in arena battles, forming bonds with their dragons as they embark on adventurous quests.One significant feature of the game is the Tiny Dragons Arena minigame, where players battle for attractive prizes and experience improved gaming mechanics, moving away from the "first-hit-wins" scenario. Additionally, the integration of Tiny Dragons with other DCG (Dragon Crypto Gaming) offerings, such as The Legend of Aurum Draconis, enhances community engagement and the utility of NFTs. The article delves into the Tiny Dragons Lab, where players can splice their dragons' DNA to unlock rare attributes. These attributes can be traded in the NFT marketplace or external platforms, leading to the creation of the ultimate Tiny Dragon. Players can earn token rewards through arena battles, enhancing their dragons' abilities with $DCAU. The dragons become trusted companions on quests, contributing to the game's overall narrative. Gameplay in Tiny Dragons involves sending companions on adventures to uncover DNA, resources, and loot that can be used in The Legend of Aurum Draconis and the Tiny Dragons Lab. The Tiny Dragons Arena offers thrilling tournaments with enticing $DCAU and partner coin prizes. Players can strengthen their Tiny Dragons by investing $DCAU and access higher-tier matches with more substantial rewards. There's also a fire lottery where players can win tiny dragons and valuable prizes in $USDT and more. The game review discusses the unique aspect of merging dragon DNA in the Tiny Dragons Lab to create rare and valuable attributes that can be retained or sold in NFT marketplaces. Players can craft the ultimate Tiny Dragon through genetic enhancements. The Tiny Dragons Arena offers exciting matches for a small $DCAU fee, with an automated battle system ensuring fair matchups. At the end of each season, the top three Tiny Dragons in each league earn token rewards and coveted NFT collectibles. The in-game token, Dragon Crypto Aurum ($DCAU), is used to purchase Tiny Dragons and other accessories to advance these tiny NFT dragons. Finally, the overview includes some community responses, with players expressing both positive and negative opinions about the game. Some players are enthusiastic about the game's visuals and features, while others express skepticism or dissatisfaction. In summary, Tiny Dragons is a PvP blockchain game featuring miniature dragons, offering various gameplay elements, including DNA splicing, arena battles, and unique tokenomics with $DCAU. The game aims to engage the community and provide players with opportunities to earn rewards and collect NFTs.

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Arcane Magic: Web3 RPG Adventure in GameFi - Review

Arcane Magic: Web3 RPG Adventure in GameFi - Review

Arcane Magic, operating under the Lifeverse label, is a Web3 RPG adventure game in the GameFi realm, utilizing blockchain technology on the Arbitrum One platform. Developed by LifeVerse Studios, Arcane Magic draws inspiration from renowned titles like Master Magic, Baldur's Gate, Runescape, and Tactical RPGs, immersing players in the mythical world of Yidrim. Yidrim is a mythical realm that has endured through the rivalry of three Titans. In this enchanting world filled with life's magic, players assume the role of a singular Wizard with a unique destiny. As they explore Yidrim's depths, they uncover its rich history, master arcane arts, venture into forgotten realms, and confront formidable creatures. Each choice players make shapes the lore of Yidrim, making it a vibrant world filled with hidden mysteries. Arcane Magic offers an immersive gaming experience, allowing players to carve their unique path within the community. The game combines quests, crafting, and battles to create an interconnected and engaging environment. Players can embark on adventures, gather resources, and forge alliances with fellow Wizards. Battles require not only strength but also strategic thinking, adding depth to the combat system. The game's on-chain features facilitate resource trading on the open marketplace, fostering a dynamic in-game economy. This approach encourages social interaction and collaboration among players, enhancing the overall experience and community cohesion. Arcane Magic's captivating setting and core features provide an enthralling GameFi experience, inviting players to explore the limitless possibilities of Yidrim. In terms of tokenomics, the Trove marketplace within the game allows players to swap game items using the $MAGIC currency, providing secure and transparent transactions through blockchain technology. The community's response to Arcane Magic has been mixed, with some expressing frustration at Games Workshop's licensing choices for Warhammer games. However, some players have found the game to improve over time, particularly with the removal of certain in-app purchases. The community remains hopeful for the upcoming Total War: Warhammer game, despite concerns about the treatment of the Warhammer franchise by Games Workshop.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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