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Crypto Gaming on the Verge of Explosive Growth

Crypto gaming is about to explode, according to CEO

Over the past few years, the convergence of crypto and gaming has been growing, leading to the emergence of Web3 gaming. This fusion brings unique benefits, including the ability for players to own in-game items and trade them outside of the game.

In Web3 gaming, players can possess non-fungible tokens (NFTs) for items such as skins, weapons, and characters, allowing them to buy, sell, and trade these items freely.

Industry experts are optimistic about the technology, despite the lack of mainstream applications yet.

Ease of use is crucial for crypto gaming

Marc Mercuri, Chief Blockchain Officer at Shrapnel, emphasizes the importance of simplicity in Web3 gaming. Players should be able to play games without needing to understand the underlying technology.

“If I want to play a game and it’s great, I shouldn’t need to know anything about Web3,” Mercuri said.

Mercuri also recognizes the need for players to have the option to use decentralized finance (DeFi) protocols, such as trading skins, obtaining loans, and moving assets in and out of the game.

JacobC.eth, founder and CEO of HyperPlay, agrees that a smooth user experience is essential for the growth of Web3 gaming.

The HyperPlay CEO also addresses the issue of user experience in the Web3 gaming sector, citing a viral meme that highlights the complexity of transactions in the current system.

A perfect match?

Toby Batton, founder and CEO of Ex Populus, believes that gaming has a massive audience of billions of players worldwide, making it an ideal sector to bring blockchain technology to the mainstream.

The use cases of blockchain align well with the needs of gamers, offering clear benefits and increasing the appeal of blockchain technology.

Given the potential of Web3 gaming, experts expect the sector to explode once the user experience improves. The sector is currently valued at $24 billion and is expected to continue growing.

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