Delphi Digital’s Report Anticipates a Promising Year for Web3 Gaming

  • Delphi Digital shared a report titled “The Year Ahead for Gaming 2024.”
  • The Philippines, Nigeria, and Pakistan are the top three main markets for blockchain games. 
  • In 2023, blockchain gaming saw 23 times more on-chain transactions than DeFi protocols.

Delphi Digital recently published a report titled “The Year Ahead for Gaming 2024,” claiming that the main markets for blockchain games are the Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, China, and the United Arab Emirates. 

Stacy Muur, a Web3 marketer, shared key insights from Delphi Digital’s report in an X post. The insights highlighted the stability of the total combined market capitalization of 183 projects, which ranged between $4 billion and $7 billion throughout the year. Despite being 86% lower than the all-time high in 2022, Muur emphasized the significant potential for growth.

Additionally, Muur noted that the OP Stack framework has emerged as the preferred choice for fully on-chain crypto gaming developers. The OP Stack, an open-source development stack, simplifies the development of Layer 2 chains for developers.

Moreover, reports indicate a growing interest from major gaming companies in entering the Web3 market. In addition, Web3 developers were becoming more drawn to Web3 mobile gaming due to improved onboarding procedures and “more relaxed regulations.”

Furthermore, data revealed a rise in the total number of gaming-focused networks, with 76 new networks, including general-use L1s and L2, emerging in 2023. Notably, blockchain gaming generated on average 23 times more on-chain transactions than DeFi protocols during the same period.

Muur added that approximately 1.2 million daily unique active wallets are currently engaging with gaming protocols, resulting in a daily transaction range of 15 to 25 million.

“AI-driven generation agents will create entirely new player experiences,” according to the report. The report mentioned Parallel, AI Arena, Geppetto AI, AVALON, and TODAY as projects at the intersection of artificial intelligence and crypto gaming. 

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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