web3 game

Guests:

• Voster, Founder of @Elrond_Mafia
• Henry & Arno, Co-Founders of @drifters_nft
• Jack Melar, CMM of @cyberpunkcity

Top 3 Key Takeaways:

1. Blockchain technologies are the backbone of this new frontier called “Metaverse”:

During the discussion, the three speakers recognized that developing a Metaverse project involves various challenges, including digital asset management, platform interoperability, and transaction security. In this context, decentralized blockchains play a vital role in ensuring security, transparency, and decentralization. They also empower decision-making and governance within the Metaverse, giving users ownership and control over their digital assets. The guests agreed that integrating blockchains is crucial for the success of any Metaverse project, as it enables the creation of a robust and functional ecosystem.

2. The Metaverse presents a compelling investment prospect for the future:

The speakers explained the Metaverse offers a wide array of projects, use cases, and utilities that have the power to revolutionize digital experiences. It opens up new possibilities for gaming, education, entertainment, and online social interaction, transforming how we engage with these aspects of our lives. However, the opportunity to be an early adopter makes it an enticing prospect for investors. By being among the first to invest in the Metaverse, individuals can seize its potential, gaining a competitive advantage and exciting growth opportunities.

 3. The future of the Metaverse will be an evolution of the Internet into a multisensory digital realm:

Our discussion emphasized that the Metaverse industry is going to be the upgrade of the current Internet. 

It is seen as the future convergence point where all elements come together, expanding beyond gaming. Although we currently associate the Metaverse primarily with gaming, it is crucial to recognize that the Metaverse is still in its initial stage of development. We are witnessing a gradual transition with immense potential.

Technological advancements will drive increasingly immersive experiences in the Metaverse. Our speakers highlighted the prospect of engaging all human senses, moving beyond the current emphasis on sight and sound. We anticipate fully immersive virtual worlds that involve touch, taste, and even smell, delivering heightened realism and captivation. The rapid progress of virtual and augmented reality technologies will fuel these multisensory interactions.

In this exciting scenario, the Metaverse holds the potential to revolutionize our lives, connections, and digital experiences, opening the door to limitless possibilities and boundless imagination.

Guests:

• David Johansson, Founder of Blocklords
• Frank Cheng, CEO of Apeiron
• Oren Langberg, Head of Marketing at MonkeyLeague
  
  

Top 3 Key Takeaways:

1. Web2 and Web3 have a lot to learn from each other

As the industry of Web3 gaming is still at the beginning of its time, all three guests agree that we have yet to see a high-quality and complete game in the space. However, when asked what Web2 game developers can learn from Web3, three key points were outlined as qualities that make Web3 unique and exciting. 

• Ownership 
• Access to liquidity
• Community-driven content
• Marketing Features 
• In-game economy, along with token supply & demand

Crypto gaming is surrounded by technology, communication, and perception barriers, hindering Web2 gamers from onboarding. The speakers agree that it makes sense for Web2 gamers to come into Web3, as already billions of gamers spend money and time on games. Still, with the transition from understanding a new business model, tokenization of assets, and creating a wallet, going through KYC, a lot is posed against Web2 gamers to make that transition. By creating fun games that separate the meta-features from the main gameplay, we can enter a future where one's entire digital experience will be ownable and liquid – making many exciting products. Ultimately, we all need to learn from eachother.  

2. Building upon the best Web2 games, Web3 gaming should add components to enhance experiences

The conversation moved on to the sustainability of the Play-to-Earn model. All speakers agree that, at the moment, many gamers are coming onto Web3 intending to maximize profits and speculate on the price. This has yet to help Web3 game developers build their core user group, leading to an unsustainable game that no one wants to play. 

Games must be fun-first, and any game that uses an earning mechanism to acquire users will be challenging. In Web2 gaming, it's the best players earning the most, not speculative users. We must shift to skill - and achievement-based earning models in Web3 gaming, a concept that nods to win-to-earn rather than play-to-earn. 

Web2 distributors and publishers must change their mindset to fit the Web3 distribution model.

We haven’t seen any Web3 publishers and distributors as big as Steam yet. All speakers agree that “traditional” game publishing companies focus on user acquisition, distribution, live handling of operations, and monetization. Web2 publishers must change their mindset when working with Web3 games, as builders mainly focus on driving value to the Token, in-game NFTs, and the users. As Web2 publishers are so hardwired to acquisition and monetization, in the future, we might be seeing more Web3 games self-publishing or the “early” adopter Web2 publishers start to work with blockchain games because they see the potential in the market.

When it comes to a publisher like Steam, it has yet to be able to take that spot. Perhaps in the upcoming years, Web3 will come up with its version of Steam, or on the flip side, Steam will start to support Web3 as the industry grows. 

3. Web2 distributors and publishers must change their mindset to fit the Web3 distribution model

We haven’t seen any Web3 publishers and distributors as big as Steam yet. All speakers agree that “traditional” game publishing companies focus on user acquisition, distribution, live handling of operations, and monetization. Web2 publishers must change their mindset when working with Web3 games, as builders mainly focus on driving value to the Token, in-game NFTs, and the users. As Web2 publ