As gaming giants crumble, onchain gaming promises remain unfulfilled
The gaming industry has faced significant challenges since the end of COVID-19 lockdowns, with 2024 notably impacting even the largest studios. While Web3 gaming emerged as a potential solution, it failed to engage mainstream players and solve core gaming issues. Early blockchains targeted financial applications, forcing developers to compromise on gameplay by either using unsuitable blockchains or creating isolated chains. This resulted in high player acquisition costs and restricted user bases, mirroring traditional gaming failures. Mainstream gamers prioritize engaging experiences over blockchain innovations like NFTs. Despite interest from developers in Web3's potential, many are hesitant to engage with its complexities. Moving forward, the focus should shift to creating collaborative environments that enhance player experience and return the enjoyment of gaming to the forefront. The future of gaming rests on fostering creativity and collaboration rather than merely improving graphics or token mechanisms.
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