Web3 games to collect $160 million between 2023 and 2024, according to new report

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Analytics platform Helika has launched a brand new State of Web3 Gaming report at present in collaboration with Pantera Capital. In line with the report, between February 2023 and February 2024, Web3 video games collected greater than $160 million. Helika additionally revealed that in 2023, greater than 200,000 weekly gaming transactions befell on the networks.

Helika’s report covers Web3 gaming ecosystems, play-to-airdrop campaigns, on-chain royalties, and the function of synthetic intelligence in Web3 sport growth. One of many takeaways was that builders are utilizing synthetic intelligence to facilitate quicker sport growth and better ranges of participant immersion. He additionally offered some analytics for varied ecosystems, together with Polygon and Arbitrum.

Anton Umnov, CEO and co-founder of Helika, instructed GamesBeat in an interview, “Essentially the most thrilling alternative introduced on this report is the variety of transactions occurring in web3; our knowledge reveals that greater than 200k transactions per week happen on the networks, with a peak of 500k weekly transactions. This highlights the rising selection and selection for studios creating in Web3, enabling larger flexibility and innovation. This displays a future through which multi-chain interoperability and performance will grow to be normal, rising the robustness of the ecosystem.”

Along with the above, Helika additionally extensively covers person content material within the report. In line with the corporate, it may be tough to straight evaluate Web3 and Web2 person content material, as a substitute evaluating approaches with varied components together with accessibility, neighborhood and market volatility. It additionally reveals how completely different approaches have an effect on retention charges in varied instance video games, together with the titles Pirate Nation and Yuga Labs.


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Umnau additionally famous that the report signifies that 70% of main Web2 studios are exploring the Web3 area, together with Sq. Enix and Ubisoft. “This transition supplies a big alternative to develop web3’s complete addressable market (TAM). Helika is uniquely positioned to facilitate this transition with our complete suite of knowledge and gaming administration merchandise, in addition to our strategic partnerships with varied networks. This not solely helps the studios of their transition, but in addition drives the expansion and growth of the complete trade.”


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