How to pick a crypto gaming token winner this bull run: Web3 Gamer

Ape into gaming ecosystem cryptos not ‘single-player games’ tokens — YGG exec

Crypto traders looking to make smarter bets on gaming tokens should go for ones tied to entire ecosystems, not just individual games, says Yield Guild Games corporate development and finance manager Serge-Raymond Nzabandora.

“These single-player games with token launches, I think, are more likely to be forgotten, right? Compared to the likes of the Ronins of the world and the Immutables of the world, you want to look at ecosystem players,” he tells Web3 Gamer.

Ronin Network and Immutable Games are blockchain gaming platforms designed to support developers building games with player-owned economies.

Nzabandora says both are “able to sustain these higher market caps by having new content which is original.” Immutable (IMX) has a market cap of $3.48 billion, while Ronin (RON) stands at $848.38 million, according to CoinMarketCap data.

“Whether Ronins or Axies makes a return or not, it still has Pixels, right,” he says.

Pixel is a laid-back adventure game that has become one of the largest Web3 games by daily active user count. In May it crossed 1 million daily active users.

Nzabandora sees the AI memecoin surge as a sign of growing interest in narratives, which could lead to a “bigger push for gaming” as a narrative.

He believes the current cycle will play out differently, as the “market is a lot smarter than the previous market.” That said, funds and attention are now split across a lot of different tokens.

“The amount of liquidity, the increase hasn’t been commensurate with the increase of tokens, and therefore the mindshare’s split massively right,” he says.

“I think those who necessarily pick blindly, without much of a sense of the underlying tokenomics…will see red.”