The gaming world constantly evolves, and blockchain technology has been a significant disruptor in recent years. As we approach 2023, we must look at the current blockchain gaming trends and predict the future of this rapidly-growing industry.
From integrating non-fungible tokens (NFTs) to using decentralized autonomous organizations (DAOs), this article will explore emerging trends in blockchain gaming and provide insights into what gamers can expect in the coming years.
The blockchain industry is expanding swiftly and giving business owners new options for addressing market challenges and limitations. Even though some factors, like the relevance of blockchain technology and the potential ways it could improve operations, will always be there, the industry is constantly changing, making it impossible to ignore new trends.
The blockchain ledger is used for several purposes, including safeguarding patient data, speeding up transaction times, lessening the prevalence of fraudulent activity, and more.
Businesses using blockchain technology must keep up with the latest trends. Businesses can use blockchain and gain from being early adopters by comprehending how the market grows.
What blockchain-related changes should you be on the lookout for in 2023? Let’s look at the five critical advancements in blockchain technology that may impact its future development.
The Blockchain Gaming Trends 2023
The Potential Of In-Game Dao Economies
It’s incredible to see how DAO mechanics are being embraced by the community after Alien Worlds. The top blockchain game, laid the foundation for their use in the future of gaming. Before now, only DeFi protocols, essential organizations, and communities testing out DAO economics had access to DAO governance systems. However, when Alien Worlds revealed the inclusion of syndicates in their metaverse earlier this year, the gaming community warmed to the opportunities that DAOs may bring to players with a vision for future gameplay. Supporting on-chain voting systems and elections promotes decentralization and offers a novel way to engage with a lively community.
Blockchain Gaming Is Driving Crypto And Nft Adoption
Cryptocurrency still needs to be widely used. The same applies to web3 games and NFTs. But they’ll reach that goal this year, and more clients and companies will likely adopt it. Others even predicted mass adoption would occur in 2023 or 2024’s first or second quarter. It is not unexpected that most individuals discover cryptocurrencies through gaming. Gaming has historically been a great way to spread new ideas. It’s because players always look for new and exciting games and concepts to try. Today’s top blockchain games include Axie Infinity, Farmers World, Splinterlands, Alien Worlds, and Upland. They are all play-to-earn games that teach consumers the basics of trading and bitcoin using NFTs.
AR And VR In Gaming
This increase is attributed to consumer demand for immersive gaming experiences and integration of AR and VR technologies into mobile and wearable technology. In the upcoming years, The Economist forecasts a decrease in the price of VR headgear.
Instead of completely immersing the user, as in VR games, virtual sights and sounds enhance the user’s physical surroundings. It is the cause of the format’s rising value and popularity. As more people hold smartphones, integrating augmented reality as a storytelling element into games has become easier.
Cloud and Streaming Video Games
The “cloud gaming” or “gaming as a service” (Gaas) trend has the potential to alter the gaming and entertainment industries drastically. The game content can be accessed remotely with cloud gaming without needing specialized infrastructure.
The gaming industry expects to decrease its reliance on game purchases as 5G is almost ready to redefine internet speed. By 2023, game streaming will be widely used. This will also promote massively multiplayer gaming and reduce the frequency of downloads.
Creative Gaming Collaborations
The potential of Web3 gaming is growing as more games featuring well-known players. More people are growing interested in Web3 gaming as they learn more about the NFT user experience. The ownership, transparency, and interoperability of NFTs are well-known among celebrities and NFT developers. More players will enter the blockchain gaming market as more well-known NFT innovators and collections become aware of the long-term possibilities of gamification.
It is becoming increasingly challenging to live up to the expectations of today’s gamers due to the rapid growth of blockchain games and the growing competition for user retention. This inclination is challenging to change once players realise they can win, earn, and exchange their in-game goods.
Final Thoughts
We know blockchain technology is now the best option for many businesses. This results from the sector’s quick evolution and the unique options it presents businesses with to thrive in the contemporary economy. Experts advise businesses to keep up with new blockchain advances to remain relevant and take advantage of all that technology has to offer.