Blockchain-based gaming has grown dramatically over the past year as a cutting-edge substitute for traditional gaming. Although the two industries are very different, some industry participants anticipate a future where they will be combined.

According to Chris Akhavan, chief gaming officer at NFT marketplace Magic Eden, “I was in the early days of mobile gaming, immediately when the iPhone came out, the App Store came out.” I recall that back then, established gaming businesses held the opinion that mobile games were pointless.

According to Akhavan, these gaming communities view mobile games as “very little, unattractive games” that no one will want to play. Since many of the major traditional gaming businesses ignored mobile [games] for the first few years, new mobile gaming companies, like King, which Activision has since acquired, had the chance to turn a profit and expand dramatically.

Large gaming corporations, according to Akhavan, became intensely focused on the mobile gaming business and started acquiring smaller games to compete.
We anticipate that Web3 will follow a similar trajectory, Akhavan stated. “Billions of dollars have been spent in the new Web3 game studios over the past year, and they will be at the forefront of developing the ecosystem and demonstrating the actual potential of the opportunity, which is about to grow.”