Web3 Gaming The Expansion of Crypto Wallets

in LeoFinance10 months ago

One of the biggest factors many look into when it comes to growth of a blockchain are how many new wallets are being made on that blockchain. Gaming in particular for web3 is opening up a huge box of growth when it comes to this as gamers pour in for things such as Metalcore a new triple A style of game that's doing rather well and hasn't even been fully released yet.

I picked metalcore because even though it's not hugely popular yet it does hold real potential of being a blockbuster once fully released. It has the action, the graphics, the battles, the tools and the NFTs which are selling on open sea collection [Metalcore open sea NFTs0{https://opensea.io/MetalCore)

You can view some of that gameplay here

As you can see it's right up there with other popular game and has real potential once fully released.

We also have games like Big Time which got so hyped it opened up a massive market and new players jumping in on the game to "earn" The graphics are decent and the game play is ok but it's not over the top. It for sure however progression from were we once where which was just NFT blockchain games on the browser and is showing a clear evolution in gaming overall.

You can view some footage of that game from @cryptostache here

These large launches are creating many new wallets and getting new players and people involved into crypto that have never been before. Gaming truly is one of the largest places for any blockchain to gain growth.

But let's not forget about browser based games. These games took storm in the last bull run ushering in some of the largest growth caps ever.

Games like [Splinterlands](https://splinterlands.com?ref=bitcoinflood] and Axie Infinity brought in massive of new users to the blockchains they were a part of. Sparking some of the largest wallet creations that dwarf many months and years of normal blockchain adoption.

This is where applications including games become critical for both the survival of a blockchain and also the growth of a blockchain. Now with tons of low fee or free fee blockchains simply offering this on your chain isn't enough. Your chain has to have this by default but more importantly it has to have value behind it. If your blockchain is not increasing it's overall market cap making it and the applications running on top of it more valuable apps will leave and developers will leave.

I pulled this screenshot from @dalz most recent write up on accounts on hive which I'll had it to him he does amazing work with these charts that I wish I knew how to do lol

As you can see a normal bull market for hive did pretty ok but it greatly blew up with Splinterlands blew up in the last bull run. The sheer amount of new accounts being created and active during this time was massive and as you can see it crushes years worth of normal every day usage just showing how powerful having a solid application running on your chain can do for you.

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Your post made me think that I should start trying games on other blockchains as well. I was not familiar with Metalcore and it sounds very interesting.
Nice and interesting post!
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Wow is obvious that gaming has a huge positive influence on the Blockchain, the more games the more growth and success for the Blockchain.
Honestly am interested in Web3 gaming especially splinterland but I don't really know how to go about it.
Nice content.

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Wow!! Big Time look like a nice game. I didn't quite understand which blockchain it runs on, could you tell me in the reply to this comment?

What do you think caused that blip in account creation was in early 2023 ?

I've always felt that blockchain is a technology looking for its application/use, when it really hits, it will fly.

An example that I like to draw parallels with is Genomics, it is massive now, a huge industry, but it all started with a chance discovery during a routine ecological survey in Yellowstone in 1976, when some curious researcher found bacteria living in the hot springs and decided to look at their heat resistant polymerase enzymes ( enzymes that break down and build up DNA), fast forward a few years and these enzymes formed the technology that enables PCR, genetic fingerprinting ( first used to solve a crime in Leicester, UK in 1986) and then WHAM!!!, a whole field of scientific research ( and industry) opened up like a lotus flower.

Crypto feels like that to me, and maybe gaming will be the use case, after all gaming attracts more money than music and sport combined.

I do believe that Splinterlands has led the way here, the TCG/NFT crossover was so logical and solved several fundamental issues that the tech just had to be used.

Lets see what we see, the challenge for a Gen X'er like me, is learning, understanding and keeping up with the tech. Crypto is very bad at explaining itself!! Games help provide the incentive to learn and the community to help.

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