Unlocking the Future of Web3 Gaming

The web3 gaming world has been evolving for several years, but it faces challenges in gaining trust and mainstream adoption. The “play-to-earn” era left an image problem, and progress has been slower than expected. In this article, we explore the potential for web3 gaming to attract mainstream gamers and the strategies being employed.

Investors and Startups Dive into Web3 Gaming

Despite the crypto bear market, investors and startups are delving deeper into web3 gaming, aiming to usher in a new wave of crypto users. Let’s delve into their efforts to propel web3 gaming into the spotlight. To gain insights into the future of gaming, we interviewed eight industry experts with impressive track records. They share their thoughts on the industry’s growth prospects, challenges, and more. Ed Chang, head of gaming at Ava Labs, believes that blockchain elements can enhance all games. Whether it’s true ownership of in-game items, earning rewards, or enabling microtransactions, web3 elements can complement the gaming experience.

Challenges on the Path to Mainstream Adoption

Despite the promise, significant hurdles remain. Tiffany Dong, senior associate for gaming at Solana Foundation, highlights the industry’s struggle to balance “play” and “earn.” Additionally, the user experience (UX) needs improvement, as setting up wallets and connecting them to platforms can be cumbersome, warns Robbie Ferguson, co-founder and president of Immutable. Web3 game developers are evolving their approach by first creating engaging and fun games for the community and then incorporating blockchain technology. This shift aims to enhance the user experience without overwhelming it with blockchain complexities.

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The Play-to-Earn Evolution

The term “play-to-earn” has faced misuse and is giving way to more accurate descriptors like “play to own,” “play and earn,” or “win to earn.” Carlos Roldan, CEO and founder of Elixir Games, advocates for a more enjoyable gaming experience, suggesting “play to enjoy” as a preferable choice. In the following sections, we explore which regions are at the forefront of web3 gaming adoption, strategies to gain traction and stand out, and additional insights into the challenges and opportunities awaiting web3 games in the near future.