Insane growth of Blockchain Games in coming future

Hello, my dear hive fellows.
I was reading a news recently regarding the report published report in mid-December by the Fortune Business Insights with the prediction of the global blockchain gaming business is expected to develop at an exponential rate and may reach an estimated $614 billion in the next seven years by 2030. From the current market value of $154 billion, this prediction reflects a growth rate of around 300% in 7 years which is a great jump for the sector. And such explosive growth will be driven by play-to-earn gaming models, through blockchain integration in mobile games, and the popularity of NFT assets in conventional gaming experiences.

And for the evolution of blockchain gaming sectors, Hive blockchain can be one of the top blockchains due to its super-fast transaction without any fees. The feeless transaction is a great advantage over many of the existing blockchains in current days. The Hive blockchain which was created through a fork from the Steem blockchain, can be a potential investment for a risk-free way to benefit from it from the blockchain gaming industry. Hive is a great place with combined efforts from a group of excellent developers and I want to see it enter the top 100 in the Coinmarketcap list in 2024.

As the crypto winter ends with the bitcoin halving, the cryptocurrency market is expected to experience significant growth and attention. During bull runs, asset values will spike, attracting new investors and accelerating market capitalization. Cryptocurrencies like Bitcoin and Ethereum have seen significant profits. Hive Blockchain offers numerous opportunities for artists, investors, and gamers through various activities and applications. It serves as a dynamic ecosystem with various platforms like PeakD, LeoFinance, Hive Engine, and Tribal DEX. Additionally, it provides access to popular games like Splinterlands, which has the highest number of players among blockchain-based games.

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From the Coinmarketcap listing of the Game tokens, it is pathetic to see no Hive blockchain-based game in the list except the SPS at 602 position. But I can see far brighter aspects in Hive than other chains like the WAX that need some fueling token to be locked for operations and complexity to understand. Also, the Fortune investigation exploration illustrates that many kinds of games are driving this expansion but the forefront such as role-playing games (RPGs), which are renowned for their distinctive characters and captivating themes.

The good thing is that we are going to have another great game with role-playing RPGs in the Hive blockchain with the currency token ZING which may enter the list in the coming days. Holozing is going to be a revolutionary new role-playing game that has quickly gained massive attraction from the community. It has been successful in pulling the hive community's interest due to its new concept and 100% fair token distribution, which has made it move ahead with the participants in connecting, discussing, and accumulating their in-game experiences in the Holozing community.

Why are games in Blockchain failing?
There are several issues regarding the falling of these blockchain games throughout the crypto winter. I can still remember I have lost some of my investments in several games that were so attractive to enter but faded away in the crypto winter. But the only game that I have chosen that is still in the positive movement is the Hive blockchain's Splinterlands. Blockchain-based gaming has challenges despite the market boom due to the investors making the game a reward-generating tool and leaving it in the ground after a certain time. The high failure rate of these games is mainly due to the need for ongoing innovation and adaptation to building a great community and ensuring the game economy to sustained in the long run in any situation like the extreme bear cycle of the market.

The blockchain gaming platform is also changing every day with the development of the devices and interface. Android-based games are becoming more popular, suggesting a change in the gaming landscape despite the present dominance of web-based blockchain games. A significant failure rate in the industry is also highlighted by a recent CoinGecko report. According to the report, more than 75% of blockchain games that were released between 2018 and 2023 were a failure.

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The most concerning issue is the user interface of these games is completely web-based or very poor mobile friendly but people are more interested in the mobile interface of games. Another factor is the complexity of understanding the blockchain wallet concepts properly as it has safety issues and the two-factor authentication systems. Notwithstanding these obstacles, blockchain gaming is expected to have a very bright future. The gaming industry is seeing a notable boom, mostly due to the growing acceptance of blockchain technology and the growing appeal of Non-Fungible Tokens (NFTs).

I hope Hive blockchain will be better in these points by introducing more mobile-friendly interactions for designing the greater version of games with the Android apps and making the mass people onboarding into Hive blockchain through required steps.

Thanks for your time and attention, if you have any queries, you can ask in the comments which will help us to grow together.
Have a nice day!