The post Optimism: Can rising interest from the gaming sector help OP appeared on BitcoinEthereumNews.com.

Journalist Posted: December 27, 2023 Optimism’s OP stack gained popularity amidst gaming developers in Web3. The overall price of OP declined while its velocity continued to rise. In a year marked by uncertainty in the crypto market, Optimism [OP] emerged as a leading Layer 2 (L2) solution, showcasing resilience and gaining significant traction. As interest in the crypto market experiences a resurgence, Optimism finds itself in a favorable position for further growth. The rise of OP Stack Optimism’s OP Stack, a standardized and open-source development stack, has witnessed surging popularity. Notably, the OP Stack framework has become the preferred choice for full-chain game developers, facilitating the seamless creation of production-ready Layer 2 blockchains akin to OP Mainnet. #12: Optimism and the OP Stack framework have arguably become the most popular choice for fully on-chain crypto gaming (FOCG) developers. Starknet is another of the more popular infrastructure choices for FOCG. #13: Telegram (TON) crypto gaming is a new trend. pic.twitter.com/hLrRxHIX1o — Stacy Muur (@stacy_muur) December 24, 2023 Growth prospects in gaming The gaming sector, particularly within the Web3 space, is poised for expansion. Despite the market cap of 183 gaming projects fluctuating between $4 billion and $7 billion throughout the year, the sector remains enticing for developers. The influx of 76 new gaming-focused networks, including L1s, L2s, and appchains, in 2023 signals sustained growth and heightened interest. Due to the popularity of gaming and OP Stack, the Optimism protocol stands to gain more traction. Moreover, the Optimism protocol experienced notable growth indicators, with network activity surging by 10% and revenue witnessing an impressive 46% increase. These positive metrics position Optimism as a promising player in the evolving landscape of Layer 2 solutions. #1: The total combined market cap of 183 gaming projects has remained relatively stable between $4B and $7B throughout…

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Filed under: News - @ December 27, 2023 3:24 am