The rise of web3 gaming is an exciting development in the gaming industry, with the concept of decentralized gaming revolutionizing the way players have ownership and control over their in-game assets. However, due to the inherent risks involved in this nascent industry, caution must be exercised, and the lessons from the rise and fall of Axie Infinity must be learned.
Axie Infinity was one of the first popular web3 games, attracting a large following for its unique combination of collectable creatures, blockchain-based ownership, and addictive gameplay. The game became popular among the DeFi community and saw a surge in the value of its Axie tokens, with some selling for thousands of dollars. However, the hype surrounding Axie Infinity was short-lived, and the game’s popularity waned just as quickly as it had risen.
The lesson learned from the rise and fall of Axie Infinity is that the focus on tokens and money is not sustainable in the long term. While the concept of owning and trading in-game assets is intriguing, it is not enough to sustain a game’s popularity. Traditional gamers, who have been playing games for years, will not participate in web3 guilds unless the quality of the games is high enough. They will only participate if the game is fun, engaging, and well-designed with enjoyable gameplay.
This means that, in order for web3 gaming to succeed, the focus must be on improving the quality of the games themselves. Developers must create games that are enjoyable to play, with compelling storylines and challenging gameplay. The focus must be on the game, not on the tokens or the money. This is not to say that the tokens and marketplaces are not important, but they must be secondary to the game itself.
The rise of web3 gaming has the potential to revolutionize the gaming industry, but it is important to proceed with caution. The lessons learned from the rise and fall of Axie Infinity must be taken to heart, and the focus must be on improving the quality of the games. This will not only ensure the success of web3 gaming but also attract traditional gamers who are looking for a new, exciting gaming experience.
In conclusion, the future of web3 gaming is bright, but caution must be exercised. The focus must be on creating high-quality games that are fun and engaging, rather than just being focused on tokens and money. By doing so, web3 gaming has the potential to revolutionize the gaming industry and attract traditional gamers who are looking for a new gaming experience.
Highone has been writing about similar topics over at TAGDesk in his “P2E is dead and probably isn’t coming back” article as well as looking at what Guilds should do next.