Highlights of Delphi's annual chain game report: It is in full bloom, with a rapid inflow of players and capital

Finishing: Stacy Muur

Compiler: Luffy, Foresight News

Crypto research firm Delphi Digital has released an annual report on Web3 gaming, and crypto researcher Stacy Muur summarizes 20 takeaways from the report.

1. The total Market Cap of 183 game projects in 2023 has stabilized between $40 and $70 throughout the year, down 86% from the all-time high in 2022. But there is still huge growth potential in the gaming industry.

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

3. With improved entry processes and looser regulations, mobile gaming has become an increasingly attractive platform for Web3 developers.

4. The main markets for Blockchain games are the Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, China and the 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 have emerged in 2023 alone, including generic L1, L2, and appchains. Therefore, an important theme for 2024 is the scramble for player liquidity.

6. By 2023, the average on-chain transaction volume generated by Blockchain games is 23 times that of Decentralized Finance protocols, and it is clear that this will become a key area of focus for many game-specific networks, subnets, and Blockchains.

7. Of all playable Blockchain games, only slightly more than 5% of games have more than 100 user Wallets per day.

8. The cost of player incentives, game launch, and maintenance operations continues to rise, making Web3 games financially difficult to sustain.

9. The user acquisition cost of Blockchain games can be very expensive. In fact, certain case studies have shown that mobile casual games in the Blockchain space have 77% higher customer acquisition costs compared to non-Web3 games.

10. To be profitable and scalable, many Web3 games will have to expand their commercial user base, increase whale spending, or both.

11. Currently, there are about 1.2 million independent active Wallets participating in the game every day, with 15 million to 25 million daily game transactions.

12. Optimism and the OP Stack became the most popular choices for full-chain gaming (FOCG) developers. Starknet is another popular infrastructure for FOCG.

13. Telegram (TON) crypto gaming is a new trend.

14. AI-powered “generative agents” will create a new player experience.

15. According to Delphi, projects worth paying attention to at the intersection of AI and crypto games are Parallel, Today-, AI ARENA, Geppetto AI, and AVALON.

16. The infrastructure for Web3 game development 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, AAA games have undoubtedly been the focus of attention in the Blockchain game industry.

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

20. 2024 will be an exciting year for the Web3 gaming industry.