Web3 games are a new breed of video game that aims to give players complete control over their virtual assets by utilizing decentralized networks like Ethereum. Web3 games have exploded in popularity recently due to blockchain technology and the growing acceptance of cryptocurrency transactions. Whether measured by user adoption, investment, or development, Web3 games are expected to continue their rapid growth in 2023.
The Web3 games market is experiencing rapid growth, with a projected $2.2 billion by 2023 and a compound annual growth rate of 42.5% from 2018 to 2023. This growth is driven by the increasing number of players in the ecosystem, which has already surpassed 5 million. The total value of digital assets in Web3 games is estimated to reach $80 billion by 2023. Additionally, …