The Success of Wukong Game and the Potential 'Black Myth' in the Web3 Field? | TrendX Research Institute

08/26/2024·4months ago

As of August 26, the TrendX platform's data statistics for BTC, ETH, and TON are as follows:

  • The discussion volume of BTC last week was 9.38K, an increase of 10.71% from the previous week. The price last Sunday was $64,050, a 7.8% increase from the previous Sunday's $59,414.
  • The discussion volume of ETH last week was 2.73K, an increase of 15.5% from the previous week. The price last Sunday was $2,737, a 3.7% increase from the previous Sunday's $2,639.
  • The discussion volume of TON last week was 1.72K, an increase of 32.49% from the previous week. The price last Sunday was $5.31, a 20% decrease from the previous Sunday's $6.64.

As the game 'Black Myth: Wukong' gains popularity, a batch of potential 'black myth' projects are emerging in the Web3 field. These projects not only lead industry changes, but also have the potential to redefine market rules in the future. This article will explore several areas and projects in the Web3 world that may become the next 'black myth'.

Scalability of Bitcoin and the Development of DeFi

Since its inception, Bitcoin has faced increasing scalability challenges as its market continues to expand. The acceptance of Bitcoin in the traditional financial sector is gradually increasing, and the scale of Bitcoin ETFs is also growing. Meanwhile, in the native cryptocurrency ecosystem, emerging assets such as BRC-20 tokens and rune tokens are beginning to emerge. These assets not only enrich the Bitcoin ecosystem, but also bring more possibilities for its future development.

However, one of the biggest challenges facing Bitcoin is still its scalability issue. To address this, various teams are researching different solutions such as Lightning Network, Stacks, RGB, Citrea, and Merlin. The common goal of these technologies is to improve the transaction speed and efficiency of Bitcoin, reduce transaction fees, and enhance its prospects for global payments and decentralized finance (DeFi) applications.

In the DeFi field, Bitcoin is also gradually expanding its market. Although Ethereum remains the main platform for DeFi, Bitcoin is gradually expanding its influence in the DeFi ecosystem through projects like BounceBit and Babylon. These projects not only promote the application of Bitcoin in the decentralized finance field, but also may attract more developers and users to focus on the potential of Bitcoin.

Deepening of Ownership Economy

With the continuous development of blockchain technology, the ownership economy is becoming an important trend in the Web3 field. Through blockchain, users can regain sovereignty over resources traditionally controlled by large enterprises, such as personal data, creative content, and computing resources. This new ownership economy model is expected to have a profound impact on existing business models and social structures in the future.

Decentralized Physical Infrastructure Network (DePIN) and decentralized social media (DeSoc) are two important areas in the ownership economy. DePIN aims to provide practical utility through decentralized networks, such as distributed computing, storage, and communication services. With the gradual maturity of the infrastructure, DePIN is expected to achieve large-scale applications in the coming years and attract a large number of users and investors.

In the field of decentralized social media, the launch of platforms like Farcaster signifies an increasing interest from users in decentralized platforms. These platforms not only protect user privacy, but also avoid common content censorship and algorithm bias issues in traditional social media platforms. With the expansion of user groups, DeSoc platforms may become the main form of social media in the future.

Tokenization of Real-World Assets (RWA)

The tokenization of real-world assets (RWA) is an important application of blockchain technology. By introducing off-chain assets into the blockchain, RWA tokenization can improve the transparency and efficiency of assets, and bring new opportunities for the composability and potential use cases of assets. Despite the global economic challenges of rising interest rates, RWA tokenization projects remain attractive, especially in the field of tokenized government bonds.

Institutional investors' interest in RWA is continuously increasing, and many institutions are accelerating the adoption of RWA tokenization technology. In addition, the development of related infrastructure such as decentralized identity, oracles, and interoperability solutions also provides strong support for the RWA ecosystem. The improvement of these infrastructures will broaden the application of RWA tokenization and drive the development of the entire blockchain industry.

Flourishing Development of Web3 Games

As an important application area of blockchain technology, Web3 games have developed rapidly in recent years. The number of players continues to reach new highs, especially with casual games like Hamster Kombat and Notcoin attracting a large number of users. However, the powerful open in-game economic mechanisms have not yet fully formed. Nevertheless, projects like Pixels and Parallel TCG have successfully built large communities and demonstrated the huge potential of Web3 games.

With the success of 'Black Myth: Wukong', the Web3 game field may usher in a new wave of development, especially in the domestic Web3 game sector. Here are a few projects worth paying attention to:

Matr1x Fire: An FPS shooting mobile game launched by the Web3 cultural entertainment platform MATR1X, featuring PVP multiplayer competitive and PVE casual gameplay. The team members mostly come from Tencent, with rich experience in developing and operating shooting games. Matr1x Fire not only demonstrates the technical strength in the Web2 field, but also brings this experience into the Web3 game field, potentially becoming a phenomenal game in the future.

TrendX link:

https://app.trendx.tech/project/Matr1x/fd6e7ad4

Mahjong Meta: A Web3 game platform focused on mahjong esports, aiming to provide players with an on-chain mahjong theme park. Unlike traditional shooting esports games, Mahjong Meta is more suitable for long-term users. By combining esports mechanisms, the platform can attract and retain players, with great potential for long-term operation.

TrendX link:

https://app.trendx.tech/project/Mahjong%20Meta/01f8a6b4

Seraph: In the Darkness: A dark fantasy ARPG based on blockchain developed by Actoz. Actoz is a well-known online game company in South Korea, having developed classic online games such as 'Legend'. Seraph not only continues the traditional dark style gaming experience, but also introduces new gameplay and economic models through blockchain technology, potentially becoming a representative work in the blockchain game field in the future.

TrendX link:

https://app.trendx.tech/project/SERAPH/ec729cd3

MetaCene: An MMORPG set in a hyper-realistic post-apocalyptic society, where players interact with various NFTs to redefine civilization. The emergence of MetaCene signifies a new era centered around players and may become another 'black myth' in the Web3 game field.

TrendX link:

https://app.trendx.tech/project/MetaCene/06ea7ba1

TrendX Platform Data Weekly Report

The above is the TrendX platform's data for this week. We can see that compared to August 12-18, the overall market sentiment began to narrow last week, possibly related to the arrest of the founder of Telegram, which to some extent deepened the market's concerns about the future development prospects of the industry.

Conclusion

The success of 'Black Myth: Wukong' shows us how to attract global attention through innovation and unique cultural backgrounds. In the Web3 field, we also see some potential 'black myth' projects rising. Whether it's the scalability of Bitcoin and the development of DeFi, the deepening of the ownership economy, the tokenization of real-world assets, or the flourishing development of Web3 games, these areas may lead industry changes in the future and become new market benchmarks.

These potential 'black myth' projects in the Web3 field not only represent technological progress, but more importantly, they will redefine how we understand and participate in the digital economy. These projects will bring greater autonomy, broader application scenarios, and a more open and decentralized future. Over time, these 'black myths' may gradually emerge as the iconic projects leading the era.

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