Web3 Gaming to Boost Mainstream Adoption with User-Centric Approach, says Websea's COO
Summary:
Websea's COO Herbert Sim urges Web3 gaming projects to prioritize player experience and simple onboarding to boost mainstream adoption. Sim underlines the need for sustainable economics alongside a user-focused approach. Institutional interest in GameFi and DeFi sectors are on the rise according to Sim, pointing to increased mainstream user adoption. Websea Labs, part of Websea’s investment ecosystem, recently started a $100 million fund, supporting GameFi and DeFi projects. Exciting AAA-grade Web3 games with high-quality graphics and gameplay-focused user experiences are set to launch in 2024, signaling the growing interest and evolution of Web3 gaming.
Herbert Sim, the Chief Operating Officer of the hybrid crypto exchange Websea, advises that Web3 gaming projects need to prioritize the enhancement of player experience and user-friendly initiation to advance mainstream acceptance. He highlighted in an interview with Cointelegraph the significance of projects that boost user interaction and gameplay and acknowledged the immense potential within the eSports market.
Web3 games have faced criticism for their deficient gameplay and user experience. Various previous Web3 games gained popularity primarily due to the promising economic rewards for players, in spite of lower user satisfaction. However, Sim emphasized that current Web3 games should balance both a sustainable economic infrastructure and a player-oriented focus to ensure project longevity.
Sim emphasized that there's increased interest from institutions in the GameFi and DeFi industries, which will reinforce mainstream user adoption. Investment is pouring into these sectors along with essential technological innovation for market development and refinement.
At the end of March, Websea Labs, Websea’s investment mechanism, rolled out a $100 million fund for the nurturing of GameFi and decentralized finance (DeFi) projects. Websea Labs was inaugurated in October 2023. Sim believes that the escalating institutional engagement will facilitate wider adoption of both domains.
In 2024, a host of premium Web3 games are making their debut, integrating gameplay-focused user experience with top-tier graphics for the first time. Avidly awaited among these games is the space exploration role-playing game (RPG) Star Atlas, founded on the Solana system and developed on the acclaimed Unreal Engine 5. Despite being under construction, Star Atlas already has over 335,000 followers eagerly waiting for the game's launch, which is going to be released over the upcoming five years in different segments.
Web3 RPG game Big Time reflects the enormous interest in Web3 games, with a reported revenue of over $100 million during its first half-year preseason without selling a single token. Mario Nawfal acknowledged this as a significant development, emphasizing that Web3 Gaming is undeniably the coming trend.
Published At
4/4/2024 3:56:56 PM
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