GM. It's Crypto Player One, the first and only daily newsletter on crypto gaming. We are the Quentin Tarantino of web3 gaming, always giving you the goodies. This is what we have for you today: Daily Trivia. The problem with web3 gaming. In Other News. Daily Trivia When did the first "Call of Duty" game come out? Scroll down to find out the answer. The Problem With Web3 Gaming Konvoy, the VC company that has invested in web3 gaming projects like Sky Mavis and Ready Player Me, dropped a piece outlining some of the problems with crypto gaming. Here's what we learned: 1/ Growth has been slow. The unique active wallets have grown only 21% since Q3 2021. This is a little underwhelming, considering that blockchain gaming has attracted a ton of talent and investment ($3.4 billion in 2022.) The current active wallets are 912k which is not a lot given that there are 3 billion gamers online. But Konvoy points out that blockchain gaming as a concept is only 18 months old, so it's still early. 2/ The web3 gaming content is underwhelming. Without solid gameplay, nobody would start playing blockchain games regardless of the tech. Given the talent pool in web3 gaming, Konvoy is optimistic that we will see successful web3 titles in the coming years. 3/ All infrastructural projects share the same vision. All projects want to be the "Steam of Web3." So they are solving problems for users that don't really exist yet because web3 gaming doesn't have the scale. In Other News The demographics of the Metaverse. The NFT platform Tropee raises $5 million. Magic Eden integrated with Polygon. Answer 2003 New to the Newsletter? Sign up to get the first and only daily newsletter on web3 gaming — it’s free! Photo by on GuerrillaBuzz Blockchain PR Agency Unsplash

The writer has or has previously had a business relationship with companies mentioned in this article.

Polygon

Try it free

Too Long; Didn't Read

Discover Saakuru: Web3 Mass-Adoption with 0-FEES

🎮 Web3 Gaming's Biggest Problem

Too Long; Didn't Read

Coin Mentioned

The G

STORY’S CREDIBILITY

Associated Companies

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

🎮 Web3 Gaming's Biggest Problem

Too Long; Didn't Read

Coin Mentioned

The G

STORY’S CREDIBILITY

Associated Companies

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

RELATED STORIES