๐ŸŽฎ What We Learned About Blockchain Gaming in Q3 ๐Ÿ‘€

Written by tanyog | Published 2022/11/04
Tech Story Tags: blockchain-gaming | crypto-gaming | web3-gaming | web3gaming | metaverse-gaming | nft | nfts | nft-gaming

TLDROur friends at Naavik released a report on the state of blockchain gaming in collaboration with Coinmarketcap.via the TL;DR App

GM.

It's Crypto Player One, the first and only daily newsletter on crypto gaming.

We are the MrBeast of web3 gaming newsletters cuz we are off the charts.

Here's what we've got for you today:

  • Daily Trivia.
  • Four blockchain gaming lessons from Q3.
  • In Other News.

Daily Trivia

Which female video game hero is known for its attractive figure?

Scroll down to find out the answer.

Four Blockchain Gaming Lessons from Q3

Our friends at Naavik released a report on the state of blockchain gaming in collaboration with Coinmarketcap.

Here's what we learned:

  1. We still have some way to go before mass adoption.

According to DappRadar, there are less than 2000 blockchain games and only 1 million unique active wallets.

Compare this to the countless video games you can access on the Google Play Store and the App Store.

  1. The third generation of crypto games is coming.

CryptoKitties defined the first era, showing what NFTs and in-game ownership can look like.

But it didn't succeed due to Ethereum's lack of scalability.

Axie Infinity was the star game of the second (play-to-earn) era.

But its poor economic design, which attracted more hustlers than traditional players, was doomed to fail.

So the third era of blockchain gaming is taking lessons from the previous generations, prioritizing the gameplay instead of the earning potential of the game.

  1. The distribution is getting better.

The Epic Games Store has hosted a ton of web3 games like Blankos Block Party, Superior, and Star Atlas.

Apple allowed the sale of NFTs, although charging 30% of each sale.

But the good thing is that now the mainstream gamer can access web3 games.

  1. The future is free-to-own

After the Play-to-Earn, Play-and-Earn, and Play-and-Own, the new meta is Free-to-Own.

It's better than all previous versions because it lowers the barrier to entry by offering free NFTs without gating the gaming experience.

It seems like the best model that will accelerate mainstream adoption.

If you're interested, you can read the full report here.

In Other News

Revolut's new chat feature will integrate NFT profile pics.

The creators of Final Fantasy have revealed their first NFT game.

Answer

Lara Croft.

Funny enough, a coding error led to Lara Croft's large bosom.

And boy, are we happy with that mistake?

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Photo by Lorenzo Herrera on Unsplash


Written by tanyog | I run The G Files - a free newsletter that gives you actionable insights and ideas on life, business, and wealth.
Published by HackerNoon on 2022/11/04