Miles Deutscher, a renowned crypto analyst on X (formerly Twitter), recently announced the onset of what is poised to be the most monumental bull run in the history of crypto gaming. Deutscher’s commentary comes at a time when the sector is witnessing unprecedented growth, with notable milestones such as the fourfold increase in value of Heroes of Mavia since its launch, and the introduction of Gunzilla Games on the XBOX platform.
2024: A Breakout Year For Crypto Gaming?
These developments have contributed to the gaming market cap reaching a staggering $20 billion, signaling the early stages of a significant market shift. “The total gaming market cap just hit $20B,” Deutscher observed, indicating that these early achievements might only be the beginning of a larger trend.
The biggest bull run in crypto gaming history is about to begin.$MAVIA set the tone, but it’s only one of many high-profile launches coming this year.
If you want to capitalise, this thread is for you.
🧵: My ULTIMATE crypto gaming guide (full strategy + top altcoin picks).👇
— Miles Deutscher (@milesdeutscher) February 12, 2024
With the global gaming industry expected to accumulate $363 billion in revenue by 2028, surpassing the combined value of the film and music industries, the potential for crypto’s integration into this vast market is immense. Deutscher articulates the unique proposition of crypto in gaming: “The ability to have true, verifiable ownership over in-game assets and financially reward users,” highlighting the transformative potential of blockchain technology in creating a new gaming economy.
Central to Deutscher’s bullish outlook on crypto gaming is its accessibility, the incentive for engagement, and the potential to onboard millions of new users to blockchain technology. “Gaming has all 3 of these traits,” he asserts, suggesting that the sector is at a pivotal moment of growth and adoption. The significant investments made in 2021 and 2022 are starting to bear fruit, with the sector’s rapid expansion, particularly in mobile gaming, serving as a catalyst for widespread adoption.
Mobile gaming, according to Deutscher, offers a “less-intimidating gateway to crypto,” potentially mainstreaming blockchain technology through gaming.
Detailing his investment strategy, Deutscher recommends a tiered approach encompassing gaming infrastructure, studios, and individual games. This strategy aims to balance risk and…