40% of web3 games being built will go live in the next 12 to 18 months
web3 gaming will onboard up to 100M gamers in the next 2 years
As estimated by Robbie Ferguson, the co-founder of the leading web3 gaming company, Immutable, and Ryan Wyatt, the president of layer-2 solution provider, Polygon, onboarding of up to 100 million new gamers within the next couple of years, a projection shared in a recent interview with TechCrunch+.
Furthermore, Ferguson suggests that 40% of all web3 games currently under development will launch in the next 12 to 18 months. This indicates a substantial increase in the accessibility and adoption of decentralized gaming, previously uncharted territory in the industry.
In a strategic move this Monday, Immutable partnered with Polygon to accelerate the development and adoption of web3 gaming. The collaboration will focus on enhancing the infrastructure, making web3 games quicker to develop, easier to use, and presenting a reduced risk for both large gaming studios and independent developers.
The importance of robust infrastructure is something Ferguson emphasizes, noting the typical lead time of two to four years for game development. Creating an exceptional user experience is crucial in this emergent sector, requiring sophisticated systems to support it.
The potential market size for web3 gaming is significant. As Ferguson points out, players currently spend over $100 billion annually on in-game items. However, these assets often don’t belong to players in a legal sense, or exist within a gray marketplace. Web3 gaming provides the opportunity to revolutionize this aspect of gaming. The vision is to make in-game assets truly ownable by players, thus retaining the rights and value with the individual gamer rather than a third-party corporation.
Ferguson emphasizes that the key to scaling web3 gaming lies in solid property rights. Even for those unfamiliar with the technical intricacies of web3, the future it represents in the gaming industry promises a profound transformation of the gaming experience.
Follow us on our website and social media and stay in the loop with our latest updates.
Twitter: https://twitter.com/qubitwallet
LinkedIn: https://linkedin.com/company/qubitwallet
Website: https://qubitwallet.xyz
Discord: https://discord.gg/DPExZqg8eB
