Web3 Gaming: From Niche to Mainstream, A Roundtable Discussion with Industry Leaders
Summary:
This article details a discussion held between executives from five gaming-focused projects on the 'Decentralize with Cointelegraph' podcast, about the integration and impact of Web3 in gaming. The group discussed how Web3 gaming could enter the mainstream. They argued that for successful adoption, games must provide a frictionless experience for both crypto enthusiasts and skeptics. The executives also touched upon the necessity of an easy system for blockchain gaming, potential strategies for mainstream adoption, and the current skepticism around Web3 gaming.
Gaming, an activity enjoyed by individuals of all ages, has become a global platform for both social interaction and competitive play. Whether through mobile gaming or high-end custom-built computers, the world is connected through this entertainment medium. The emergence of Web3 technology further expands this connectedness. It's inevitable, therefore, for the gaming and Web3 industries to merge.
In a recent episode of 'Decentralize with Cointelegraph', Jonathan DeYoung hosted executives from five gaming-centric initiatives—Shrapnel, Ex Populus, Saga, HyperPlay, and MetalCore—to gain insights into the evolution of Web3 gaming and anticipate its future.
For Web3 gaming to achieve mainstream success, executives believe that these games should offer smooth, enjoyable experiences to both cryptocurrency enthusiasts and skeptics alike. According to Marc Mercuri, Shrapnel's chief blockchain officer, the introduction of blockchain should be so seamless that an average gamer wouldn't even notice its presence. Simultaneously, it should offer easy asset trading possibilities for cryptocurrency investors.
The subject of friction in blockchain-based games also emerged during the discussion. JacobC.eth, HyperPlay's founder, dispelled the myth that every in-game action on blockchain games requires a MetaMask confirmation, thanks to the account abstraction process. This system allows gamers to set their limits and approve transactions automatically for a seamless gaming experience.
Many industry leaders believe that gaming could be the gateway to widespread blockchain adoption. Toby Batton, Ex Populus's founder, believes the gaming industry, with its vast reach, provides the perfect platform for introducing blockchain to the masses.
Rebecca Liao, Saga's founder and CEO, agreed with this outlook while noting that cryptocurrency was the first Web3 component to gain popularity. She anticipates that mainstream adoption—where users engage with crypto unknowingly through gaming—is yet to come.
In terms of major game agencies adopting blockchain, she suggested they are keeping their explorations under wraps, given the existing skepticism around Web3 gaming.
Both Liao and Dan Nikolaides, MetalCore's chief technology officer, agree that it might take some time before big-budget AAA games incorporate crypto as they battle the prevailing notion that Web3 games are substandard.
For more insights into the potential and challenges of Web3 gaming reaching large-scale acceptance, tune in to the full episode of Decentralize with Cointelegraph.
Crypto enthusiasts should conduct their personal research before making any decision related to any product or firm mentioned in this news item, and assume total accountability for their decisions.
Published At
6/24/2024 2:45:34 PM
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