Parallel AI Will Write Its Own Code | GAM3S Grid Weekly

Exclusive Parallel Interviews, NewZoo Global Games Report, New Gods Unchained mode, Champions Ascension on Steam, and More!

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GAM3S.GG
August 24, 2023

🔥 Top headlines from this week’s digest:

đź“ť NewZoo Global Games Market Report 2023: $187.7B Revenue, Growth Factors, and Industry Trends

The NewZoo Global Games Market Report 2023 unveils insights into the gaming industry, including $187.7 billion in revenue, growth factors, and emerging industry trends.

What’s Going On Here? 

The Report has unveiled a comprehensive breakdown of revenue, trends, and projections that are shaping the gaming industry's evolution. From game development strategies to player engagement approaches, this report encapsulates the essence of the gaming landscape, offering valuable insights for both web3 gaming studios and industry enthusiasts.

What Does This Mean?

Amidst dynamic shifts in the gaming realm, the global games market is set to generate a revenue of $187.7 billion in 2023, representing a year-on-year growth of +2.6%. This remarkable performance showcases the industry's resilience in the face of challenges, with projections indicating further growth to $212.4 billion in yearly revenues by 2026 across all segments.

In the domain of platforms, mobile gaming remains dominant, contributing $92.6 billion to the overall revenue. While it exhibits a modest growth rate of 0.8% in 2023, console games shine with a remarkable 7.4% growth rate, generating $56.1 billion in revenue. PC games maintain steady growth at 1.6%, reaching $37.1 billion. Notably, cloud gaming emerges as a rising star, projected to gather 43.1 million paying users by the year's end.

The global revenue distribution paints Asia-Pacific as a powerhouse, contributing 46% of the global gaming revenue ($85.8 billion). This region also boasts 53% of the global gaming audience, while MENA surprisingly hosts the second-largest gaming audience, surpassing Europe and Latin America.

Why Should I Care?

Live-service games are becoming the heartbeat of PC and console gaming, fostering competition for player engagement. The incorporation of AI into gaming gains momentum, promising transformative effects on the gaming experience.

Complimentary consoles like the Steam Deck are poised to make their mark, while the mobile gaming arena seeks innovative revenue strategies due to platform regulations. User-generated content (UGC) and influencers venturing into gaming studios are on the rise.

The implications for web3 gaming are substantial, particularly in targeting Asia's mobile gaming audience. Web3 game studios should consider tailoring experiences to Japanese markets, creating mobile-friendly games infused with local preferences and aesthetics. The NewZoo Global Games Market Report 2023 encapsulates the industry's current state and promising future, providing stakeholders with insights to navigate the evolving landscape, effectively engage the global gaming audience, and adapt strategies for success.

Read the full report breakdown here

✍️ Reviews of the Week

We explored the colorful world of Skyweaver for some TCG action and went on to slay enemies on the battlefield in Bladerite in our two featured reviews:

Skyweaver is an exceptional game that provides a comprehensive and enjoyable experience. It features multiple modes and an ever-growing collection of cards that keep players engaged. The use of vibrant colors and VFX creates a visually appealing environment that hooked us from the first tutorial.

Bladerite is an enjoyable game that boasts diverse gameplay, stunning environments, and various obstacles to overcome. While it has some minor drawbacks such as limited abilities and uneven character balance, it remains a highly engaging and entertaining experience.

🎮 Fresh Games

From a captivating world we can’t wait to explore in Overworld, to a pixelated medieval setting in DeFi Kingdoms, check out the latest games added to our platform!

Overworld is a cross-platform RPG that emphasizes social interaction and collective storytelling. With utility-driven collectibles and engaging multiplayer gameplay, it invites players to explore and shape a rich fantasy world.

DeFi Kingdoms is a captivating play-and-earn role-playing game with a medieval setting. The game's delightful pixelated characters engage in various activities, from visiting taverns to exploring banks and gardens.

🎙️Conversation of the Week

This week we spoke with Damon Gura & Owen O’Donoghue - Co-Founders at Infinigods to learn more about the interoperable universe of games & shared assets in the Infinigods ecosystem.

The InfiniGods Universe is intricately crafted to prioritize players' journeys across upcoming game titles. Carefully designed NFTs provide exclusive access to gameplay and characters, serving as valuable cross-game assets.

As adventurous players engage with InfiniGods, contributing to the universe's evolution, they position themselves to accumulate lasting value. In every game, the scarcity of NFTs shapes gameplay, offering distinct actions and rewards, ultimately placing the power to determine one's destiny in their hands, and demanding wise choices.

What You Need to Know About Infinigods:

  • Web3 Gaming Studio: InfiniGods is a blockchain gaming studio offering free-to-play games inspired by ancient mythologies, built around the concept of Web3.

  • Integrated NFTs: The InfiniGods Universe connects game titles, with NFTs granting exclusive gameplay access and cross-game utility, fostering value accumulation over time.

  • Mythological Diversity: The games draw from global mythologies like Greek, Norse, Chinese, and Egyptian, and intend to expand further with input from the community.

  • Browser and Mobile Compatibility: Infinigods does a tremendous job at mixing up its portfolio of games to cater to different games, with InfiniMerge, Immortal Siege, and other games being compatible on PC and mobile to target a wider audience.

🎧 Listen to the full conversation recording here

đź“ş Video: Why Minecraft Refuses to Die

ICYMI: We took a look at why Minecraft continues to lead the gaming industry despite being over a decade old with no AAA polished graphics; make sure you check it out to know what web3 games can learn from this and more 👇

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Until next time, happy gaming!