Blockchain gaming faces a reckoning
At the Game Developers Conference in San Francisco this week, blockchain game developers continue to pursue their ambitious projects despite a prevailing low sentiment in the sector. Attendance at numerous crypto side events was high, yet the overall atmosphere at GDC felt somewhat deflated. Only three crypto groups had booths this year, with Arbitrum showcasing a selection of games from its Ethereum layer 2 ecosystem, albeit on a smaller scale than in previous years. Developers express feelings of disillusionment; Mark Long from Unio described the current state as 'the trough of disappointment.' Despite setbacks, such as legal issues at Shrapnel, he and his team are pushing forward with new sci-fi projects. OpenSea's Head of Business Development noted that while there are high hopes for a few early access games, the challenge remains in balancing game economies for sustainable growth. Developers like Lightning Forge Games emphasize the need for on-chain economies designed for lasting value rather than rapid growth, suggesting that the quest for impactful blockchain games is still ongoing.
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