Web3 Gaming Takes Over: 2023’s Top Companies You Don’t Want to Miss

Web3 gaming is a new and rapidly growing trend in the gaming industry, leveraging blockchain technology to provide a more player-driven, immersive, and decentralized gaming experience. With the rise of blockchain and cryptocurrency, Web3 gaming is gaining popularity among gamers and investors, offering a new way to play, earn rewards, and interact with others.

Statistics show that the Web3 gaming market has seen significant growth in recent years, with the total value of NFT sales in the gaming industry reaching $250 million in 2022.

This trend is expected to continue as more players and developers become aware of the potential of this new gaming platform.

According to recent research, the Web3 gaming market is expected to grow at a compound annual growth rate (CAGR) of more than 50% over the next five years, reaching a value of over $30 billion by 2026. This growth can be attributed to several factors, including the increasing popularity of blockchain and cryptocurrency, the growth of the gaming industry, and the increasing demand for more player-driven and decentralized gaming experiences.

Despite its growth and potential, Web3 gaming is still in its early stages and faces several challenges, such as scalability, user experience, and market adoption. However, with increasing investment and development, the Web3 gaming industry is poised for continued growth and innovation in the years to come.

Cosmic FOMO

Cosmic FOMO is a gamified app that provides players with an educational experience in cryptocurrency trading without requiring real-life assets. Users select an avatar, or “pilot,” representing their preferred market strategy and embark on a virtual space journey with a virtual portfolio of assets.

The app offers various training formats, including solo mode and competitive hardcore mode, allowing advanced players to learn about leveraging and participating in large-scale competitions with over 100 participants.

Gamification makes the learning process more engaging and interactive. By incorporating play elements, such as competition and progress tracking, users are motivated to continue learning and developing their skills. Through its approach, Cosmic FOMO aims to teach the fundamentals of trading, and foster discipline, patience, and emotional management.

Cheelee

Cheelee, a GameFi short video platform, brings smooth and seamless mass adoption to crypto using social network mechanics implemented into blockchain technology. Cheelee’s users earn real cryptocurrency for scrolling through their feeds.

One of the most exciting things about Cheelee is that it doesn’t require initial investments, so you can start your earnings right after the registration with the Starting NFT glasses you get for free. The essence is that Cheelee is the first blockchain platform where every user is a beneficiary. Cheelee is primarily a social network, so up to 40% of Cheelee’s total revenue comes from income sources unrelated to the NFT sales – from advertising, in-app purchases, and collaborations with brands.

In 2022, Cheelee attracted $22.45 million. And in January 2023, Cheelee listed its token on Coinsbit. Considering the fact that Cheelee’s potential audience is 4.6 billion social network users, CHEEL is a potential gem for crypto investors.

Moonland

Moonland serves as an entry point to various video games within the metaverse, leveraging non-fungible tokens (NFTs) to embody in-game possessions. This enables players to possess, trade, and monetize their virtual items securely, transparently, and immutably. This is achieved through utilizing blockchain technology, which provides a trustworthy and verifiable ledger for transactions and ownership of virtual assets that can be traded on decentralized marketplaces.

In addition, Moonland is an open-world multiplayer metaverse built on Unreal 5 technology and supported by seed funding from a robust blockchain platform. Despite the bear market, the dedicated team is focused on delivering an exceptional player experience and has already commenced internal multiplayer tests and shared its progress with the public. The first NFT holders will have the opportunity to experience Moonland before the wider community.

Players can enjoy a wide range of games within the metaverse without having to exit and can easily switch between games, accessing their virtual assets across different games. This elevates the gaming experience and generates new revenue streams through monetizing virtual assets across multiple games.

Liithos

Liithos, a new AAA gaming and entertainment studio, is utilizing cutting-edge technology like Hedera Hashgraph to push the limits of what we can achieve with industry-standard tools. They have partnered with the Hedera Network and CoinZoom to create an exclusive narrative series for TikTok, featuring mega-influencer Michael Le and TikTok influencer Slider Jesus. Liithos’ first transmedia IP, Ashfall, will launch as a comic book series in March, followed by a AAA video game currently in development, led by PlayStation veterans Michael Mumbauer and John Garvin.

Ashfall is a fully-fledged intellectual property developed around the project, from comics to AAA video game, with Web3 offering endless possibilities for gamers and creators alike. The innovative series will create five free digital collectibles, each featuring legendary comic book talent and an “easter egg” of three upcoming comic pages.

In partnership with Michael Le and CoinZoom, enthusiasts can collect a free NFT collector every Sunday on the Liithos website. The launch of Ashfall on TikTok marks the start of a new era for transmedia entertainment, and the collaboration between Liithos, Hedera Network, CoinZoom, and Michael Le exemplifies the limitless opportunities that Web3 can provide for creators and gamers to collaborate and create unique content.

Knights of Cathena

Knights of Cathena is a revolutionary mobile game that fuses established turn-based strategy with state-of-the-art Web3 technology. Gamers can log in using their social media accounts and monetize their playtime with cryptocurrency. The onboarding process and blockchain integration is smooth, catering to crypto enthusiasts and non-crypto natives.

The creators of Knights of Cathena are delighted to offer a one-of-a-kind gaming experience to players from around the world, regardless of their preference for traditional or Web3 platforms. Players will enjoy the perfect balance of Web3 gaming’s benefits, such as ownership, profits, and mutually beneficial monetization models, with the excitement of traditional gaming.

Undeads

Undeads Metaverse combines entertaining gameplay with lucrative cryptocurrency mining. Try the world without spending money on NFTs before investing in more powerful ones. The game offers VR options for those interested in virtual reality. Join the fight between the living and the dead as you construct your virtual empire.

Undeads Metaverse is a new massively multiplayer online role-playing game with a post-apocalyptic setting. Travel to new lands, gather materials, improve equipment, make trades, and fight enemies. Players are in charge of the game’s economy, which they can use to construct virtual empires.

Undeads Metaverse stands out in the crypto game industry with its immersive setting, 12 playable NFTs, multi-tiered activities, and NFT-free accessibility. The game guarantees a diverse and engaging experience with its dichotomous human and zombie factions.

Scar Speed

Scar Speed offers a unique blend of free high-speed car racing and tactical combat. Players can enhance their race strategy using Power-Ups, making the experience a mix of Need for Speed’s adrenaline-fueled action and Mario Kart’s open-world fun.

In addition to its thrilling gameplay, Scar Speed also integrates state-of-the-art blockchain technology. Players can build their economy by owning NFT earnings, enabling them to buy, sell, and trade items with other racers.

With its innovative NFT system, Scar Speed offers a constantly evolving gaming experience that provides a more profound sense of ownership and investment than other racing games. Players keep all their earnings, making Scar Speed a one-of-a-kind gaming experience that combines the best of racing, combat, and blockchain technology.

In Closing

Web3 gaming is a rapidly evolving industry trend that will alter the way we play and interact with games. Web3 gaming uses blockchain and cryptocurrency to provide new ways for players to earn rewards, own virtual assets, and interact in a decentralized and secure environment. The expected 50% CAGR and $30 billion value of the Web3 gaming market by 2026 demonstrate its potential for growth and innovation.

The rise of NFTs, Web3 gaming platforms, in-game economies, and virtual asset marketplaces contribute to this exciting trend. These developments make Web3 gaming a trend to keep an eye on this year and beyond.

The post Web3 Gaming Takes Over: 2023’s Top Companies You Don’t Want to Miss appeared first on Blockonomi.