Crypto gaming sucks — But devs can fix it

Cointelegraph

Published Sep 23, 2022 12:37PM ET

Updated Sep 23, 2022 02:40PM ET

What we have today in terms of Web3 gaming is not working. Play-to-earn has not worked and neither will play-to-earn or any X-to/and-earn. On top of that, traditional gamers view nonfungible tokens (NFTs) with suspicion. They dunk on expensive apes and are skeptical of large game publishers applying the lipstick of NFTs for further monetization.

Nobody knows what a successful Web3 game will look like yet. To get there, we need more developers to experiment with more models. We need infrastructure that will lower the barriers to Web3 game development and make it easy for developers to experiment. That’s why it’s imperative to invest in developing the underlying infrastructure rather than getting carried away by the speculative hype.

h3 Navigating the mint in pre-release development/h3
Unique active wallets connected to DeFi and GameFi applications from January 2022 through August 2022. Source: DappRadar
h3 Inflationary tokenomics are on the way out/h3
Shi Khai Wei is the general partner and chief operations officer of LongHash Ventures, a Web3-focused venture fund and accelerator. In 2021, Shi Khai was awarded Forbes 30 Under 30 in recognition of his achievements. He was previously a management consultant at McKinsey & Company, with a focus on digital transformation and analytics across the financial and telecommunications sector in Southeast Asia.

Continue Reading on Coin Telegraph