GameFi Likely To Drive Next Wave of Web3 Adoption, Suggests MITA CEO Kena Amoah
Summary:
The CEO of MITA, Kena Amoah, anticipates GameFi leading the next Web3 adoption wave, according to the 43rd episode of Cointelegraph's Hashing It Out podcast. He suggests enhancing user onboarding, simplifying usage, and emphasizing the entertainment aspect of Web3 gaming to attract more players. Financial gains should not be the sole utility of blockchain games. He also sees a promising role for GameFi to bring more people into the blockchain space, similar to decentralized finance (DeFi), provided the products are well developed.
At the onset of 2024, the focus of Cointelegraph’s Hashing It Out podcast narrows onto the central themes of cryptocurrency dialogue. In the 43rd episode, MITA's Chief Executive Officer, Kena Amoah, delves into their project that fuses metaverse, gaming, and Web3 tech applications in Africa. He elucidates the evolution of GameFi in recent years and its potential to spearhead the imminent surge of Web3 acceptance. Amoah breaks down the landmark GameFi progressions in 2023 and forecasts the likely continuance of these trends in 2024, including the pressing issues confronting the sector. According to Amoah, the ascendant appeal of GameFi lies in the prospective monetary rewards from gaming and the overall decentralized structure. GameFi developers strive to create a platform for gamers to transfer their achievements seamlessly across multiple games. On the slower than projected uptake of Web3 gaming in emerging markets, Amoah identifies the need for user-friendly experience at par with Web2 games. He outlines the perplexities new Web3 gamers might encounter, like understanding wallet addresses. In his view, the onboarding process should be enhanced, and the unique selling proposition ought to expand beyond being a blockchain game, emphasizing an enjoyable gaming experience. Regarding the viability of Web3 games, the head of Mita asserts the necessity for diversifying the benefits of blockchain games beyond financial gains. He also posits that with properly developed products, GameFi, akin to decentralized finance (DeFi), stands a promising chance to lure more people into the blockchain sphere. To catch the complete episode of Hashing It Out, tune into Spotify, Apple Podcasts, or TuneIn. Keep up with Cointelegraph’s complete roster of other shows. This piece is purely informational and should not be interpreted as legal or investment advice. The presented perspectives and ideas here solely belong to the author and do not necessarily represent Cointelegraph's positions. Magazine: Invading Liberland: Eluding guards using inner-tubes, decoys, and diplomat strategies.
Published At
1/11/2024 4:10:00 PM
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