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Metaverse Gaming Explained: What’s All The Hype About?

The metaverse gaming market

The Metaverse is a fast-evolving industry. Innovations and developments in this space are happening rapidly. Onlookers might notice that there is one use case that seems to be gaining traction more than others. Metaverse gaming seems to be gaining traction as an increasing amount of players take interest in games facilitated by this emerging industry. 

Gaming in the Metaverse is gaining traction faster than other use cases, with new entrants into the market and traditional gaming companies trying to gain market share. 

Many people are wondering why there is so much hype around metaverse gaming. Many want to learn whether this is the future of gaming. This article will try to explain the fate of metaverse gaming, what it could entail, and which platform(s) will take the lead in metaverse gaming. This article is a deep dive into metaverse gaming and will attempt to answer all those questions. 

What is Metaverse Gaming

Metaverse Gaming is a growing trend in online gaming that includes elements of both virtual reality and augmented reality. It combines the best aspects of both worlds to create an immersive and interactive gaming experience that is unlike anything else.

Metaverse gaming worlds connect people remotely within a shared platform or interconnects cross-platforms, where people can explore and interact. This type of gaming has a real-life feel to it as users can have different experiences and interactions; they can own their personal space and use tokens which power an in-world economy. These tokens are often powered through blockchain technology such as Ethereum.

Metaverse gaming blurs the lines between reality and fiction, allowing players to become fully immersed in the game world. This is made possible by the use of cutting-edge technology, such as virtual reality headsets and augmented reality glasses. Additionally, the game world itself is constantly changing and evolving, based on the actions of the players within it.

While there are many use cases of the Metaverse, gaming stands out as an essential piece of the puzzle, attracting a lot of engagement from gamers and capital from investors.  

Types of Metaverse Gaming Platforms

Metaverse gaming platforms can include some (or all) of the following aspects: 

Multi-Player Metaverse Gaming

The origins of Metaverse gaming can be traced back to June 2003 with a game called Second Life. This game was a virtual world – a first of its kind and is often regarded as the first-ever Metaverse Game. This game has a lot of characteristics of a modern metaverse game. Users in Second Life can create an avatar for themselves to interact in a virtual world. 

A lot of such Web2 games gained popularity over the years. Shortly after Second Life, games like Club Penguin and Runescape gained popularity. These games had in-game economies and allowed users to interact over the internet. In the 2010s, multiplayer games like Grand Theft Auto and Fortnite, metaverse-type games, gained much popularity. However, aspects that are supposed to be popular within the Metaverse gaming were still missing in these games – blockchain technology or virtual reality. 

Play-to-Earn Gaming (NFTs/Blockchain)

While multiplayer gaming gained popularity over the years, a few things remained constant. Players played games for entertainment, and apart from professional gamers in tournaments, games were played only for leisure. A different Metaverse gaming model was introduced when a game called CryptoKitties launched in 2017. This game allowed players to breed Kitties (which are NFTs). 

These Kitties can be kept as an asset and sold to other users. If you’re interested in the CryptoKitties gaming metaverse, check out the complete evolution of Cryptokitties and Dapper Labs. Eventually, these Web3 games have developed and have given birth to more popular games such as NFL Rivals and Web3 game developers like Gala Games.

Mixed Reality Gaming

When many people think about Metaverse gaming, they think of Virtual Reality. Meta has taken a clear lead in Mixed Reality gaming due to their Oculus headsets and investments in virtual reality headsets. The Metaverse Insider has provided an in-depth analysis of Meta’s dominance as a metaverse gaming company. Meta’s Horizon Worlds is the portal or virtual world through which users can access the Metaverse, interact, and start gaming. 

There are also many virtual reality games, such as Beat Saber and Pistol Whip, gaining great reviews from players. Games such as Thrill of the Fight have gotten the attention of UFC stars such as Forrest Griffin, who have expressed how great of a workout they get when they play the VR game. Fitness and gaming have rarely been linked together before the adoption of VR technology. 

Key Benefits of Metaverse Gaming Over Traditional Gaming

Both players and game developers seem to have tremendous interest in Metaverse gaming. Here are some of the unique advantages of Metaverse gaming that stand out:


The Play-to-Earn Metaverse gaming model is attractive to users worldwide. Users can monetize their gaming time as they play. However, as Jason Brink, the President of Blockchain at Gala Games, pointed out, these metaverse gaming need to be fun otherwise it will not gain traction from players. Also, for an individual in a country such as the United States or Canada, earning $1 worth of tokens while playing for an extended period may not be an attractive ROI, especially if the game is not enjoyable. These factors seemed to be critical in the recent sharp decline in Axie Infinity’s players. 


Metaverse gaming has allowed gamers to enjoy games as they stand and fully immerse themselves in the environment. VR technology will enable gamers to move around. Even when playing games that are not meant for fitness, such as Pistol Whip, gamers still move around and lose calories. While there were games previously, such as Adidas micoach, which allowed users to follow along as they exercised, the level of immersion in VR has given a fitness gaming genre a new life. 


The concept behind web3, blockchain, and Metaverse is to give users more power. Users should be able to make their own decisions and own their data. This freedom is exactly what new virtual worlds in the Metaverse enable. Users not only hold their “land” in the metaverse platform but also design their own experiences. They can build their own experiences and monetize them as well. Such independence and privilege are very new to the gaming world. 

Best Metaverse Gaming Platforms

The gaming platforms today have embraced the revolution in this industry. Traditional gaming developers and newer Web 3 / metaverse gaming platforms have launched fascinating games that seem to gain a lot of traction. This list analyzes examples of a few metaverse games that are worth exploring,  helping us to understand the different types of games that fall under metaverse gaming. 

1. Web2 Multiplayer Gaming Platforms

Web2 games are very much a part of the metaverse gaming ecosystem. These games are the precursor to the virtual worlds called Metaverses. 

Minecraft: This is a Low-Fidelity game with no required goals to accomplish. Players can choose how they want to play and what they want to achieve from the game. 

Fortnite: This is a popular cross-platform game by Epic Games. This game has led the way for many events which have made news in the metaverse industry. The in-game Travis Scott concert got attention from some of the largest media sources, which concluded that this event was a glimpse into what the Metaverse will look like. 

2. Web3 NFT Gaming Platforms

Web3 gaming with an independent in-game economy seem to be the least affected by the bear crypto market. This trend shows that the popularity of some of these games is not affected by the financial market – meaning the players are not just there to earn but also to enjoy the games. Perhaps, the decline of users of Axie Infinity has stabilised the industry as game developers focus on delivering quality games rather than just the promise of earning some in-game tokens. 

STEPN: The Solana-based Move-to-Earn (similar to Play-to-Earn) game is an NFT mobile game that records the user’s steps. Users can gain NFTs or the Green Satoshi token through walking, jogging, or running. 

Gala Games: The Galaverse seems to be the frontrunners in the Web3 gaming revolution as they have it has either launched games or have games in beta which are gaining a lot of interest. Gala Games’ collaboration with Epic Games’ store to expose Gala Games’ projects to a broader audience and collaboration with Unity to launch VOXverse are statements of intent.

3. MR Gaming Platforms

While Mixed Reality gaming is still in its infancy, the potential of this sector looks immense. Meta has demonstrated a fascinating future of mixed reality games in this video. However, as of now, some virtual reality games are starting to get noticed. These games are not only played by conventional gamers as they seem to attract a whole new audience to gaming. 

Arizona Sunshine: This game sees players explore a zombie-infested wild west. It is a fascinating immersive experience that moves a user by ‘teleporting’ rather than walking, preventing motion sickness. Games like Arizona Sunshine could also attract players who have played popular shooting games like Call of Duty or Red Dead Redemption. 

Moss: This game entails players as small rodents exploring the world and encountering enemies. It is a fascinating story and a great immersive experience as users gain a unique understanding of navigating adventures through the point of view of a small creature. 

Check out the best Metaverse Gaming experiences for July if you are interested in a comprehensive list; also, check out this insightful video instead, rounding up the top metaverse games.

Is it the right time to Jump In?

There’s no right time to jump in. Gamers will start playing NFT/Blockchain games or VR  when they are enjoyable. 

Multiplayer games have been around for a very long time. These games are enjoyable and have been developed by some of the biggest game developers in the world, including Rockstar Games and Activision Blizzard. However, when people refer to adopting the Metaverse gaming model, it is more about adopting virtual worlds and VR technology. 

There are a lot of resources being injected into this market. Examples include Meta offering various resources to VR developers while Venture Capital Funds are investing in virtual worlds like The Sandbox. 

In his interview with the Metaverse Insider, here’s an extract from Jason Brink, President of Blockchain at Gala Games, who said:

“Your game has to be fun, or it’s not a game. It might be a job. And maybe that’s okay. But it needs to be a game. And to be a game, It has to be fun! It has to be something that you would play without getting paid. And the reason is that you want a good chunk of your player base to play without getting paid. Or, even better, to play while paying in.” Thus reiterating the point that gamers should not feel the need to play the game or adapt to something which is not fun. It is the responsibility of the developer of the game to find a way to make these gaming experiences attractive, which will drive traffic to their platforms.” 

The Future of Metaverse Gaming

The groundwork for a metaverse gaming industry is complete. The masses have adopted multiplayer games; blockchain technology has been embraced, and there are many developments in the VR space.

While we have yet to see a prominent multiplayer game incorporating blockchain technology and VR technology, the stage is set for such games to be adopted.

With so much talent and capital invested in metaverse gaming, there will undoubtedly be substantial improvements in this space. However, with so many variables, the result of the future of gaming in the metaverse is still uncertain yet exciting!

If you’re interested in following all things Metaverse, including metaverse gaming companies, subscribe to our newsletter

Please follow us on LinkedIn, Twitter, and Instagram to stay updated! 

If you want to contact the author, please reach out at [email protected].

For related information about the metaverse gaming, check out 20 Best Metaverse Games.

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Wazarat Ali Hussain

Wazarat Ali Hussain is a Finance graduate from Toronto Metropolitan University and has achieved a certification in Financial Technology from the University of Toronto. While working at a financial institution, he developed a keen interest in the emerging blockchain and virtual reality sectors. At the Metaverse Insider, Waz has led research and analysis for the Metaverse Intelligence Platform. He has published various reports and in-depth researched backed articles to help the audience understand numerous aspects of the fast-evolving metaverse industry. [email protected]

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

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