Pixels: A Popular Web3 Game with Surprising Trading Volume

Pixels may be popular, but they are also impoverished. In contrast, Titan Hunters offers a play-to-earn experience, not just play-for-fun. Additionally, Avalanche's Ed Chang has shared his top gaming picks for 2024, as a prominent figure in the world of Web3 Gaming.

Web3 Gamer’s latest game, Pixels, has gained an impressive 120K users and generated a volume of $6.51. They also share their top game picks for 2024, with Titan Hunters leading the pack.

When it comes to the popularity of Web3 games, we often assume that the number of active users is directly proportional to the inflow of money. However, the first days of 2024 have shown us that this isn’t always the case.

Pixels, a massively multiplayer online game (MMO), has taken the gaming world by storm, attracting a whopping 123,100 unique active wallets (UAW) in the last 24 hours. This laid-back adventure game allows players to farm, explore, own land, and showcase their non-fungible tokens (NFTs). It’s a relaxed game where you can wander around and stumble upon cool stuff.

But despite the impressive number of active users, the in-game token of Pixels, called BERRY, is practically pocket change, valued at a mere $0.0002. As a result, the total trading volume for BERRY during this period amounted to a jaw-dropping… drumroll please… $6.51.

It’s important to understand that UAW is a metric used by DappRadar to determine the number of individual crypto wallet addresses interacting with a DApp’s smart contracts, which includes any transaction on the blockchain. However, this metric doesn’t account for players who may not be making in-game transactions, such as those who blew their budget on New Year’s Eve.

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Despite the seemingly low trading volume, Pixels has proven to be a popular Web3 game, surpassing other competitors. For example, The Sweat Economy, an app that rewards users for walking, claimed the second spot in terms of UAW, garnering 102,600 users over the same period with a trading volume of $34,700.

On the other hand, Splinterlands, a beloved blockchain card game, experienced a 40.24% drop in UAW, only attracting 41,800 users for transactions. In contrast, Axie Infinity saw a 21.59% increase in UAW, with 15,900 users interacting with the game.

What Makes Games Succeed or Fail?

Ed Chang, the head of gaming at Ava Labs, the team behind the Avalanche blockchain, believes that acquiring users and navigating the regulatory environment are the biggest challenges for Web3 gaming in 2024. He emphasizes the importance of having the right marketing budget and strategy in place to avoid games falling “flat on their face.”

User acquisition is particularly challenging in Web3 gaming due to the complexities of getting started with these games and fully engaging in gameplay. Chang mentions five new releases in 2024 that he’s personally excited about, highlighting the diversity of his gaming interests. From the AAA first-person shooter Shrapnel to the third-person shooter Gunzilla and the sci-fi survival game Providence, Chang’s game picks cut across different genres.

Looking back at 2023, Chang also mentions some of his favorites, including the 5v5 character-based FPS Valorant and the top-down shooter game Megaweapon. For those seeking a game to keep themselves entertained during travel, Chang recommends the action-adventure game Legend of Zelda: Tears of the Kingdom.

VanEck’s Bold Prediction for Web3 Gaming

In its recent report, “VanEck’s 15 Crypto Predictions for 2024,” asset management firm VanEck predicts that a groundbreaking blockchain game will make its debut this year, surpassing 1 million+ daily active users. While this may sound like an annual prediction, it highlights the long-awaited potential of blockchain gaming. VanEck also expresses optimism about Immutable, a platform that hosts multiple AAA games with token models that can’t be easily farmed. These games, which have received significant funding and have been in development for years, are set to be released in 2024.

One highly anticipated game, Guild of Guardians, a mobile roguelite squad RPG, has been generating a lot of buzz ahead of its Q2 2024 release. According to Robbie Ferguson, the co-founder of Immutable, successful Web3 games could have a tremendous ripple effect on the industry, attracting millions of new users practically overnight.

Q&A: Answering Your Burning Questions

Q: What other Web3 games should I keep an eye on in 2024?

A: Apart from the ones mentioned, there are several other exciting Web3 games to anticipate this year. Some notable titles include Champions Arena, a blockchain fighting game with impressive graphics and gameplay, Cyborne, a thrilling cyberpunk action game, and Megaplay, an innovative play-to-earn battle royale game.

Q: How can I get started with Web3 gaming?

A: Getting started with Web3 gaming can be a bit intimidating, but it doesn’t have to be. The first step is to set up a digital wallet that supports blockchain gaming and acquire some cryptocurrency to use within the game. You can then explore different gaming platforms and join communities to gain insights and meet fellow gamers. Don’t be afraid to experiment and have fun!

Q: Are NFTs really worth the investment in Web3 games?

A: NFTs can hold significant value in the gaming world, especially if they are rare and desirable. However, it’s important to remember that the value of NFTs can be volatile, and their worth ultimately depends on the demand in the market. If you’re interested in investing in NFTs for gaming, do thorough research and consider consulting with experts in the field.

The Future of Web3 Gaming

With the growing popularity of Web3 games and the increasing number of users entering the space, the future of Web3 gaming looks promising. As more high-quality games hit the market and developers find innovative ways to engage players, we can expect a surge in user numbers and greater integration of cryptocurrencies and NFTs within the gaming ecosystem.

So, whether you’re a casual gamer looking for an immersive experience or an investor eyeing the potential of this emerging sector, Web3 gaming is definitely worth keeping an eye on.

References: – Pixels tops charts in first days of 2024 – Avalanche’s head of gaming: 2 things that see games fall ‘flat on their face’ – Hot Take: Titan Hunters – VanEck makes this year’s big Web3 gaming prediction – Insiders’ guide to real-life crypto OGs: Part 1 – Fake employees and social attacks: Crypto recruiting is a minefield

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