“To summarize the Web3 gaming industry over the past six months, the phrase ‘Not exactly, but no way to really predict’ encapsulates the situation well,” Kwon tells Magazine.
Kwon said that at the start of the year, gaming tokens looked like they were set to be the big winner.
However, it seems like the focus has now shifted more toward, well, shitcoins.
“Web3 games and gaming narratives were hot topics at the beginning of the year. However, as the market evolved, the overall interest seemed to shift more toward memes in the second quarter,” she says, noting that new gaming tokens haven’t gone to the moon like people expected during the year.
Rumble Racing Star is one of Delab Games most successful games to date. (Delab Games)
“Despite the launch of various game tokens, their performance has been underwhelming compared to expectations,” she adds.
Kwon thinks the days of easily jumping on the gaming hype train and launching a token that skyrockets are over. Now, Kwon argues that games need to offer something more than just a flashy token name that lures in hopeful millionaires.
“It has become increasingly important for games to have actual utility and use cases for their tokens,” Kwon says.
“Additionally, the industry has seen numerous attempts to innovate, suggesting that the market is maturing,” she declares.
“Recent developments, such as games on Telegram and the TON ecosystem, show potential similar to WeChat games. Various intriguing models are also emerging, including efforts to integrate AI with gaming.”
“If macroeconomic indicators improve, these innovations might drive the industry positively,” she remarks.
As for what makes a great Web3 game? Kwon believes in a mix of community engagement, well-designed economic system, and just as importantly, Interoperability.
“The ability for assets or items to be used across different games adds value to…
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