Delphi Digital 2024 Web3 Game Report Interpretation: 20 Insights

Author: Stacy Muur, encryption KOL; Translation: 0xxz@金财经

Recently, the encryption research institution Delphi Digital released the 2024 game report "The Year Ahead for Gaming 2024".

Crypto KOL Stacy Muur interpreted this report with 20 insights.

1: Throughout 2023, the total market value of 183 game projects was relatively stable between US$4 billion and US$7 billion, 86% lower than the historical high in 2022. There is still huge potential for growth.

2: The interest of game giants in entering the Web3 market is growing .

3: As the user entry process improves and regulations become more relaxed, mobile games have become an increasingly attractive platform for Web3 developers.

4: The main markets for blockchain games are: Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, Mainland China and United Arab Emirates.

5: The total number of blockchain networks focusing on games is increasing year by year. The report shows that 76 new networks will emerge in 2023 alone, including general L1, L2 and application chains. Therefore, a major theme in 2024 will be the upcoming battle for player mobility.

6: In 2023, blockchain games will generate With on-chain transaction volume averaging 23 times that of DeFi protocols, this is clearly going to be a key focus area for many game-specific networks, subnets and blockchains.

7: Just over 5% of all playable blockchain games have daily player counts exceeding 100 user wallets.

8: Financialized player incentives and the rising costs of launching and maintaining live operations for Web3 games make them economically unsustainable.

9: The possible user acquisition cost of blockchain games very expensive. In fact, some case studies show that customer acquisition costs for mobile hypercasual games in the blockchain space are 77% higher compared to non-Web3 alternatives.

10: To achieve profitability and scale, many Web3 games will have to expand their monetized user base, increase whale payouts, or both.

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11: Currently, approximately 1.2 million unique active wallets participate in the gaming protocol every day, resulting in a daily gaming transaction volume of 15 to 25 million.

12: Optimism and OP Stack framework can be said to have become The most popular choice among Full Chain Crypto Game (FOCG) developers. Starknet is another of the more popular infrastructure options for FOCG.

13: TON crypto games are a new trend.

14: Artificial Intelligence Driven "generative intelligence" will create a new player experience.

15: According to Delphi, noteworthy crossover projects between artificial intelligence and crypto games: Parallel, Today, Ai Arena, Geppetto Ai, Avalon

16: The basis of Web3 game development The facility is expanding rapidly.

17: According to Delphi Digital, the two projects with the most potential are HYTOPIA and Ronin Network

18: In the past two years, whether privately or publicly, AAA games (AAA) have undoubtedly been the focus of the blockchain game industry.

19: At a high level, AAA games compete not only with each other, but also with the broader Web2 shooter market.

20: 2024 It's going to be a very exciting year for the Web3 gaming industry.