Embrace the Future of Web3 Gaming
Those who doubt Web3 gaming today fail to grasp its potential. They overlooked CryptoKitties in 2018 and Axie in 2020, and they risk missing the next wave because they are focused on the wrong metrics, says Gabby Dizon, cofounder of Yield Guild Games.
Key Insights:
- Web3 gaming continues to advance despite challenges; it emphasizes sustainable digital economies and deeper engagement, allowing players real ownership of their in-game assets.
- The industry is still evolving, requiring innovation and development rather than just investment.
- The success stories include the growth of Axie Infinity’s blockchain and other titles that reflect the play-to-earn model’s viability.
Right now, there’s significant skepticism surrounding Web3 gaming. However, labeling it a failure based on current struggles overlooks the substantial progress made. Just as the internet evolved past its early challenges, so too will Web3 gaming mature.
At the heart of Web3 gaming is the concept of true ownership for players: not merely of assets but of their identities and accomplishments. Traditional gaming confines assets to publishers, but Web3 enables genuine possession of digital items—whether it be collectible weapons or specialized badges.
The narrative of control over in-game assets isn’t new, but Web3 transforms these economies into open, player-driven models.
Ownership remains integral to Web3 gaming, which has transitioned from an experimental stage to a serious industry focus, valuing organic player engagement and sustainable development over mere profitability.
Critics comparing Web3 to established gaming are invited to reconsider their expectations; the former lacks the extensive legacy of the latter. Investing billions doesn’t instantly craft beloved games. The shift requires patience, and games need time to resonate with players.
As a seasoned developer with over two decades in gaming, I’ve witnessed each major shift faced with skepticism. Mobile gaming, free-to-play models, and esports all had their doubters before breaking through to success.
We’re at another pivotal moment with Web3 gaming. The industry is showing promise with noteworthy developments that point towards a vibrant future. It’s essential to stay committed and continue innovating without succumbing to misgivings.
Those who reevaluate their stance on Web3 gaming will recognize the remarkable enhancements since its inception. We’re just starting to explore the full potential of player-owned experiences and dynamic economies. Let’s embrace the journey ahead.
