The Growing Landscape

The gaming industry has evolved greatly over the last 5 decades, starting with the simplistic arcade games of the 1970s to the immersive, complex worlds in modern gaming. The latest chapter in this evolution is the advent of Web3 gaming, a paradigm shift towards user experience and ownership led by pioneering companies like OmniaVerse.

Web3 game developers stand on the shoulders of giants who have advanced the gaming industry to where it is today. The transition from web1 (the era of static web pages) to Web2 (characterized by interactive platforms), has set the stage for the decentralized, blockchain-powered universe of Web3 gaming. In this new model, gaming transcends mere entertainment; it becomes an ecosystem where players and their experience are central to the game’s economy and governance.

The Web3 landscape is rapidly evolving, driven by the convergence of blockchain technology, cryptocurrencies, and gaming.

Gaming is an absolutely massive industry, with upwards of $300 billion in revenue in 2023 alone, and its expected this will continue to increase year over year. We’re seeing industry leaders both on the blockchain side and on the gaming side take notice and start to explore the web3 gaming category.

Source: CODALABS Web3 User Study 2022

Coinbase Ventures concludes that this is going to be a massive category and we’re seeing that happen now; other big firms like Nasdaq are echoing this sentiment, with large gaming companies like Epic games, Sony, Gamestop and many others starting to explore the space.

There is clearly huge potential in this sector, and OmniaVerse is well positioned to come out on top.