Web3 gaming has come a long way in the last five years. From little more than a concept to a working reality that’s entertaining millions of daily users, while keeping an army of developers working around the clock, gaming is now a crypto industry mainstay.
But while the infrastructure, user experience, and game quality have improved markedly, there’s still work to be done if web3 gaming is to capture a slice of the $200B video market that attracts over 3 billion players. Nevertheless, the industry is streets ahead of where it was in 2022, when the reality couldn’t match the hype that saw the first wave of web3 games record a spike in users before rapidly plummeting as economic incentives tailed off.
The web3 gaming ecosystem today is multi-layered, multi-chain, and multi-themed, encompassing everything from simple mobile games to expansive MMORPGs that are approaching AAA standard.
The State of Web3 Gaming Today
With a $16B market cap and daily volume of over $1B, GameFi tokens

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