2023 for NFT Gaming | Delphi Digital 2023 Report Summary

A Brief summary of the research study, “2023 Year Ahead for Gaming,” is provided below. This mind-blowing report will inform you of the past, present, and future state of the NFT gaming industry. I strongly advise you to study the entire report, if you can, or at the very least watch the entire video, to learn more about NFT Gaming.

Delphi Digital 2023 Report – “2023 Year Ahead for Gaming” Link —
https://drive.google.com/drive/folders/1isz9rJXaGG1-Pu5HyP0YhrAnpc6GzngY?usp=share_link

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• Gaming was a primary driver of the 2021 mania, yet it has given way to cold realism as
we move into the trough of disillusionment. All innovations must embark on this quest
through the hype cycle. Both the depth and duration of that trough remain to be seen,
though this year has forced a sober mind and fresh perspective.
• Original Models Need Tinkering
» By now, it is clear that the earn-centricity of play-to-earn titles is not conducive to
long-term sustainability and ultimately leads to speculative fervor that is harmful to
the ecosystems in question. That said, these early games and models have played a
vital role in bootstrapping interest from the mainstream and have driven a massive
talent influx to the sector.
» A key observation we believe many have still failed to grasp is that the feedback
loops in game development are significantly longer than in other sectors of crypto.
In a market that moves at warp speed, it’s easy to demand too much too soon.
We believe that most projects shouldn’t have live tokens in the market until the
bulk of their core game loops are established, which can immunize them against
speculation and inflated expectations.
» Beneath the surface, incumbents are tinkering and exploring, with many of the
mobile publishers in particular assembling crypto-focused teams, having been
further encouraged by the stagnation of mobile F2P. Apple’s App Tracking
Transparency (ATT) policy that rolled out last year has changed the nature of the
game for many, driving user acquisition costs through the roof and forcing teams to
explore new monetization areas.
THE YEAR AHEAD FOR GAMING 5
• By early 2022, over 50% of all deals funded in crypto were gaming-related. A total of
$3.6B was deployed in 2021, a figure which was marginally eclipsed this year. Despite
private and public markets appearing lackluster, we are strongly encouraged by the
quality of developers moving into this sector.
• There remain significant headwinds in the form of distribution questions, regulatory
uncertainty, and material UX frictions such as client-wallet interactions — although
material improvements are constantly emerging.
• Gaming May Not Be Ready Quite Yet
» In our view, 2023 is not destined to be the year that crypto gaming truly breaks into
the mainstream. While we are eager to see how the market receives high-quality
titles entering soft launches (such as Sipher, EmberSword, and Illuvium), we fear
that the hangover from much of the lunacy that took place in crypto this year will
dampen consumer appetite in the near-term. The bulk of the AAA games that could
change that are still heads down in their development cycles throughout the year
ahead.
» There is, however, light in the dark. With ~$7B of funding over the last 24 months,
and the massive talent capture that’s happened, we truly are entering the next
chapter for Web3 games.