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Web3 Games Experience 65% Decrease in '23, but Anticipate Arrival of 'Real Hits'; NFL Rivals NFT Valued at $26M: Insights from Web3 Gamer

Web3 Games Experience 65% Decrease in ’23, but Anticipate Arrival of ‘Real Hits’; NFL Rivals NFT Valued at $26M: Insights from Web3 Gamer

As the year comes to a close, numerous gaming companies are releasing their year-in-review reports. However, a report from Game7 suggests that many game developers took a break instead of releasing new games. Only 223 Web3 games were launched this year, a significant drop from the 640 games in 2022 and 811 games in 2021. The decrease in output can be attributed to the time it takes to develop successful Web3 games. Robbie Ferguson, co-founder of Immutable, believes that the influx of investment in Web3 gaming will eventually lead to the release of standout hits. Despite the drop in game releases, there is still a significant amount of money flowing into the Web3 gaming scene. Gabby Dizon, co-founder of Yield Guild Games, predicts that successful Web3 games in 2024 will focus on being free-to-play to attract players. The industry is eagerly awaiting the release of games like Shrapnel and Illuvium in the coming months. However, some experts believe that games that promise less but deliver more will be the ones to succeed. Overall, the future looks promising for Web3 gaming as developers learn from past successes and failures. In other gaming news, Blowfish Studios has announced early access to their new game Phantom Galaxies, while Disney has entered the nonfungible token space with their platform Disney Pinnacle. Additionally, NFL Rivals, a mobile blockchain game, has made the switch from Ethereum to Polkadot for better transaction speeds and lower costs.

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