The future of web3 gaming is not just a trend, but a fundamental shift in game development, ownership, and player engagement. As we move forward, it’s essential to recognize the progress that has been made and to support the industry as it continues to evolve.
The Future of Web3 Gaming: A Time for Rallying Behind
Web3 gaming has faced criticism and skepticism from those who claim it’s a failed experiment, but Gabby Dizon, cofounder of Yield Guild Games, argues that this perception is misguided. Instead, he sees an industry in its experimental phase, with a focus on sustainable economies, deeper gameplay, and long-term player engagement.
Gabby Dizon is a Filipino-American content creator and streamer.
Born on June 10, 1998, in the United States, she gained popularity for her gaming streams on Twitch.
Dizon initially started playing games at a young age and eventually transitioned to streaming full-time.
She is known for her entertaining 'gameplay commentary' and engaging personality.
With a strong online presence, Gabby Dizon has built a loyal community of fans who follow her gaming adventures.
The Evolution of Web3 Gaming
At its core, Web3 gaming is about giving players real ownership – not just of in-game items, but also their identities and achievements. This is a fundamental shift from traditional games, where players invest time, effort, and money into digital assets that ultimately belong to the publisher. Web3 changes this by putting assets on-chain, allowing players to truly own what they earn.
Web3 gaming refers to a new generation of online games that utilize blockchain technology and decentralized networks.
This allows for greater player ownership, transparency, and security.
Web3 games often use non-fungible tokens (NFTs) to represent in-game assets, enabling players to buy, sell, and trade items securely.
According to a report by DappRadar, the Web3 gaming market grew by 300% in 2022, with over $1 billion invested in the sector.
Measuring Success
Those who dismiss Web3 gaming as a failure are measuring it by the wrong metrics. The industry’s lack of mainstream success and recent downturns are not indicative of its overall potential. Instead, look at the growth of Axie Infinity‘s blockchain, Ronin, and the success of games like Pixels and Parallel, which indicate the potential of the play-to-earn model and the emergence of Web3 esports.
Progress and Innovation
Despite the challenges, Web3 gaming has made significant progress since its inception in 2018. The growth of Axie Infinity‘s blockchain, Ronin, has seen millions of active users, with 17 new games launched and 134% growth in NFT trading volume in 2024 compared to 2023. The permissionless nature of Ronin is also leading to a surge in experimentation, innovation, and unpredictably big breakthroughs.
Axie Infinity is a blockchain-based online game that combines collectible creatures called Axies with a player-versus-player (PvP) battling system.
Developed by Sky Mavis, the game allows players to breed, battle, and collect unique digital pets.
Axie Infinity uses a proof-of-stake consensus algorithm and operates on the Ethereum and Ronin blockchains.
The game's economy is fueled by its native cryptocurrency, AXS, which enables in-game transactions and governance.
A New Era for Web3 Gaming
The next big thing in Web3 gaming may not be immediately apparent, but it’s clear that the industry has come a long way since its inception. As Gabby Dizon notes, ‘good games take time.’ Instead of giving up on Web3 gaming, we should be rallying behind it and supporting the developers who are pushing the boundaries of what’s possible.
The Future is Now
Web3 gaming is not just a trend or a fad; it’s a fundamental shift in the way we think about game development, ownership, and player engagement. As we move forward, it’s essential to recognize the progress that has been made and to support the industry as it continues to evolve.
Real Ownership, Real Agency
At its core, Web3 gaming is about giving players real agency – the ability to own what they earn, to make decisions about their in-game assets, and to participate in a sustainable economy. This is not just a nicety; it’s a necessity for creating games that truly engage and reward players.
The Next Wave
Those who claim Web3 gaming is a failure are missing the point. The industry is evolving, innovating, and growing faster than any other sector in gaming. It’s time to rally behind Web3 gaming and support the developers who are pushing the boundaries of what’s possible.
- coindesk.com | Now Is the Time to Rally to Web3 Gaming
