Context and Background

The gaming industry has undergone significant evolution over the past few decades, transitioning from simple arcade games to complex, immersive experiences that cater to millions of players worldwide. As of 2024, the global gaming market is estimated to be worth over $200 billion, driven by technological advancements, increased accessibility through mobile platforms and the rise of new gaming genres. This growth has been further accelerated by the integration of innovative technologies such as virtual reality (VR), augmented reality (AR), and most recently, blockchain technology.

The introduction of blockchain and cryptocurrencies into gaming has opened up new possibilities for player engagement, asset ownership and monetization. Blockchain enables the creation of decentralized, player-owned economies within games, where in-game assets can be securely traded, sold and even transferred across different platforms. This paradigm shift is leading to the emergence of Web3 games, where players have greater control and ownership over their gaming experiences.