Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

Use the power of data in web3 gaming. Find out why market intelligence and consumer feedback are important to the success of game development. Columnist Sam Barberie talks about how important data is when making web3 games, especially market intelligence and consumer insights. They say that ignoring these factors can hurt the success of game development in a world where competition is growing. He says that as the web3 gaming space gets more complex, it is no longer a good idea to rely only on social media promotions and luck. Sam Barberie uses his own experience working with different game publishers and developers to show the big difference between companies that understood how important data was to their success and those that didn't. They say that it's important to understand contextualized data, competitive intelligence, and trends data in order to make, monetize, and scale successful games. Sam asks people to look at the market capitalization of companies that put data first and companies that didn't. This will help them make their case. The implication is that companies that made decisions based on data were more likely to get higher market valuations.

Blockchain gaming has been going up in an amazing way, dominating on-chain transactions and getting a lot of users in the Web3 environment. In April, data company DappRadar said that a big chunk of all on-chain transactions were related to gaming. It makes up 38% of all crypto trades right now. Even though the number of daily active wallets went down a little, gaming-related activities continued to grow. In the study, blockchain games were at the center of everything and made up a big part of on-chain transactions. Even though the number of daily active wallets dropped by 10% compared to the month before, 38% of all crypto transactions were tied to gaming. This number shows how gamers are becoming more and more interested in the blockchain area.

According to marketing analysts Newzoo, mobile gaming is showing promising and extraordinary indicators in terms of revenue and acquisition.