Bitcoin Halving will pump games, Shrapnel’s ‘simple’ secret revealed: Web3 Gamer

Bitcoin halving twice as good for Web3 Games this time around

Joonmo Kwon, founder and CEO of Web3 gaming platform Delabs Games, predicts that this week’s Bitcoin halving will see funds pouring into the Web3 gaming industry.

“The heightened market enthusiasm and increased capital inflows into the cryptocurrency space resulting from the halving event could translate into more significant funding and advancement for Web3 gaming initiatives,” Kwon tells Web3 Gamer.

“As altcoin market dominance and market capitalization climb, there is typically an increased interest and influx of capital into gaming tokens,” he says.

Kwon points out that blockchain gaming is in a totally different position this cycle than during previous halvings.

“While previously dominated by casual and puzzle games, recent developments have expanded into genres like FPS, MMO, and RPGs. The gaming sector has made significant leaps forward compared to previous halving events.”

With Bitcoin soaring to new all-time highs recently, Kwon hopes the shine could rub off on blockchain gaming but adds that the correlation between the two is only moderate. However general bullishness and optimism is a rising tide that lifts all boats.

It comes at an opportune time. Blockchain gaming received $288 million in investment in the first quarter of this year, which was a steep 57% drop compared to the previous quarter, according to a recent DappRadar report.

Investments in Web3 gaming and metaverse Projects in Q1 2024 (DappRadar)

But some projects still managed to score big bucks to kickstart the year.

Gunzilla Games secured a $30 million investment round for its upcoming project, Off the Grid. Parallel Studios, the team behind the Ethereum NFT card-battler game Parallel, completed a successful funding round, securing $35 million. 

Shrapnel game’s ‘simple’ secret

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