The Future of Web3 Gaming: Overcoming Challenges and Driving Adoption

Web3 gaming has been a work in progress for several years, with studios facing challenges in gaining the trust of Web 2 gamers and overcoming image issues from the “play-to-earn” era. However, investors and startups are diving deeper into the emerging space to bring in the next wave of users to crypto and the wider web3 industry.

Ed Chang, head of gaming at Ava Labs, believes that all games can leverage blockchain elements to add value to the gaming experience. However, the industry still faces hurdles in designing web3 games and prioritizing the “play” or “earn” part. The user experience problem is also being addressed, with web3 services working to make the process more convenient and secure.

Despite these challenges, there is a shift in the industry towards building engaging games for the community first and complementing the experience with blockchain technology. The play-to-earn model is also evolving, with more accurate descriptors like “play to own” and “play and earn” emerging.

Experts surveyed in the article include Chris Akhavan, chief gaming officer at Magic Eden, who believes that the web3 gaming market is still in its early stages. Metrics to track growth include traditional game metrics like installs, DAU, retention, and LTV, as well as web3-specific metrics like wallet and marketplace usage.

The biggest challenge for web3 gaming is the time it takes to build high-quality games. Patience is needed as studios work on the next wave of web3 games. The play-to-earn model is expected to fade away, with a shift towards gameplay enhanced by web3 ownership and economic alignment between gamers and developers.

In terms of adoption, all genres of games can benefit from web3 ownership, especially core genres with deep economies. Gaining traction and standing out in the space requires developers to create hype around their games and focus on building engaging experiences for players.

In conclusion, the future of web3 gaming lies in overcoming challenges such as design, user experience, and finding the right balance between play and earn. As more games are developed and launched, the web3 gaming market is expected to grow and attract mainstream gamers.

Sources:
– Interviewees in the article: Chris Akhavan, Tiffany Dong, Ed Chang, Carlos Roldan, Michael Wagner, Urvit Goel, Robbie Ferguson, John Linden

The Future of Web3 Gaming: Overcoming Challenges and Driving Adoption

The Future of Web3 Gaming: Overcoming Challenges and Driving Adoption

The Future of Web3 Gaming: Overcoming Challenges and Driving Adoption

The Future of Web3 Gaming: Overcoming Challenges and Driving Adoption