Web3’s Triple Threat: Thriving Relationship Between Entertainment, Gaming, and Finance

There has been a seismic shift in the world of gaming In the last couple of years. The video games market revenue was projected to reach $334 billion in 2023 and to show an annual growth rate (CAGR 2023-2027) of 8.74%, resulting in a projected market volume of $467 billion by 2027.

The industry that has had the traditional notions of gaming purely for the entertainment players can get has opened its doors to a new paradigm where players can earn rewards and real-world assets while still getting the entertainment they crave from their favorite pastimes.

In this article, I delve into this exciting intersection of the fun gaming activity and the dynamic blend of art and science financing within the Web3 ecosystem. We will explore how gaming platforms in Web3 are shifting focus from luck-based gaming experiences to the use of strategy, skill, and in-depth gaming knowledge.

The days of relying solely on chance when playing games are slowly being shifted out; today’s gamers are now empowered to control their destiny within virtual worlds. Gamers are now using gaming platforms to achieve personal goals ranging from reaching financial targets to gaining financial literacy, achieving fitness goals, and even just playing for fun and being entertained.

Pioneering skill-based gaming

In gaming, skill-based games are a genre of gaming where a player’s success hinges significantly on their skill, expertise, and strategic abilities rather than being predominantly reliant on luck or chance. These games require players to make strategic and informed decisions and exhibit the expertise to adapt to changing circumstances within the game.