Research Summary
The report discusses the potential of web3 gaming, highlighting eight key projects to watch in the upcoming bull market. These include Illuvium, Shrapnel, Echelon Prime, Star Atlas, Skyweaver, Ronin Network, SIDUS, and Treasure DAO. The report emphasizes the importance of blockchain abstraction for mainstream adoption of web3 games and identifies Immutable as a leading platform in this regard.
Key Takeaways
Web3 Gaming’s Potential
- Promise of Mainstream Adoption: The report suggests that the upcoming bull market could see many web3 games reach high valuations, similar to Axie Infinity’s $25 billion market cap in 2020. The availability of cheap, fast, and scalable blockchains is expected to provide a frictionless experience for players.
- Key Projects to Watch: The report highlights eight web3 games and ecosystems that are expected to make significant strides in the market. These include Illuvium, Shrapnel, Echelon Prime, Star Atlas, Skyweaver, Ronin Network, SIDUS, and Treasure DAO.
Blockchain Abstraction
- Importance for Mainstream Adoption: The report identifies blockchain abstraction as a crucial factor for the mainstream adoption of web3 games. It suggests that the games that can successfully hide the web3 tech under the hood will win the market.
- Immutable’s Role: Immutable is identified as a platform that has made significant progress in blockchain abstraction. The platform allows users to avoid paying gas fees or signing transactions, and offers off-chain NFT minting. Over 200 web3 games are set to launch on Immutable in 2024.
Investment Considerations
- Investment in Web3 Games: The report suggests that while individual web3 games and ecosystems present potential investment opportunities, the author is most excited about Immutable due to its progress in blockchain abstraction.
- Disclaimer: The report emphasizes that it is not intended to provide investment advice and encourages readers to conduct their own research and consult a financial advisor.
Actionable Insights
- Monitor Key Projects: Keep an eye on the eight web3 games and ecosystems highlighted in the report as they are expected to make significant strides in the market.
- Understand the Importance of Blockchain Abstraction: Recognize the importance of blockchain abstraction for the mainstream adoption of web3 games and identify platforms that are making significant progress in this area.
- Consider the Potential of Immutable: Consider the potential of Immutable as a leading platform in blockchain abstraction and as a platform for launching web3 games.
