Cryptocurrencies

From young children to the elderly, people love playing video games. Some play

From young children to the elderly, people love playing video games. Some game for hours on their cell phones, while others spend thousands of dollars designing the perfect gaming PC. Regardless, the ability of video games to connect people around the world through play, cooperation, and competition is clear.

The rapid growth of the Web3 industry has given people around the world another way to communicate and collaborate. So it seems logical that these two worlds are destined to collide.

In the last episode of Decentralize with Cointelegraphhost Jonathan De Jong speaks with the leaders of five gaming-focused projects – Shrapnel, Ex Populus, Saga, HyperPlay and MetalCore – to get a comprehensive understanding of how Web3 games are developed as well as the current state of blockchain gaming and its expectations. future.

Web3 games won’t take off until games are smooth

A theme repeated by many video game executives is that Web3 games must have smooth gameplay that crypto fanatics and skeptics alike can enjoy in order to become mainstream.

Mark Mercury, director of blockchain for Shrapnel – an upcoming shooter – shared the view he and his team envision for their next title. “If I just want to play this game and it’s great, I don’t even need to know anything about Web3,” he said.

“But if I believe in DeFi and I want to connect my assets inside and outside, and I want to take this skin and take it out and get a loan against it in the DeFi protocol and everything else , you should be able to do that too.”

“If you just want to play a great game – and I think that’s what a lot of us want to do, is just bring that great audience – you have to make sure you get something that presents very little of friction and that people can actually enjoy playing. Also.”

For players who want to delve deeper into the cryptocurrency ecosystem, it is important that they can do so easily as well. DeYoung asked JacobC.eth, founder and CEO of HyperPlay – a Web3-enabled game store that integrates with MetaMask – about a recent meme that went viral in the cryptocurrency community on The meme was mocking of the type of friction that could theoretically arise with blockchain-based games.

According to JacobC.eth, on-chain games can easily avoid this, such as by using account scraping. This allows “the user to fund an in-game wallet and have their transactions automatically approved, or carried out in the background up to spending limits and thresholds set by the user,” he explained .

“Typically, most games only call the wallet when you buy or sell an in-game asset,” added JacobC.eth. “But for games with a logical chain, like Pirate Nation, DeFi Kingdoms, or Dark Forest, these games use account deletion wallets to automatically approve player transactions.”

Are Web3 games the key to widespread adoption of cryptocurrencies?

In the last episode of Decentralize with Cointelegraph, co-founder and CEO of Animoca Brands, Yat Siu, shared his belief that gaming will lead to mass adoption. So, do other game directors share this view?

“We believe that if blockchain technology is really going to go mainstream, it will first be through games,” said Toby Patton, founder and CEO of gaming studio Web3 Ex Populus. “The game clearly has a massive audience of billions of players across the world, and the blockchain technology use case fits the game perfectly.”

“At this moment, the rocket on the platform is about to take off, and you can see smoke rising below.”

Rebecca Liao, founder and CEO of Saga – a scalable, first-layer blockchain designed specifically for game developers – agrees, but with some added nuance. “I think it’s true,” she said. “Was that the thing that hit first?” Obviously not. I mean, we saw that cryptocurrency as a product in itself was the first to come to Web3. (…) But in terms of truly mass adoption – where people are using cryptocurrencies on their phones, without even realizing it – that’s all that will come, I think. It will come from games.

In May, Liao told Cointelegraph that major game studios are already looking into blockchain, but that it is “very secretive” and mostly “experimental internally.” He claimed that studios “don’t want to let their player base know that they are working on this”, and that many players still believe that “Web3 games are all a scam and full of terrible games”.

about: Web3 and games: unlocking real value for users

Liao isn’t the only one who thinks it might be a while before we see massive AAA games involving cryptocurrencies, despite the rumors. “I think it’s going to take a bunch of games like us, Shrapnel and others, a little lower budget than AAA, a little more like AA, but really good, high quality games made by veterans that feel like they’re going to be in the game,” said Dan Nicolaides, CTO of upcoming mechanical fighting game MetalCore As Good As AAA Games.

“They need to stay on the market long enough for the narrative that Web 3 games are bad to go away.” And there should be enough of these games that succeed and continue to prove that high quality games can be produced by Web3 developers. And I think that’s when we can really overcome the mainstream hurdle.

To hear executives from all five gaming projects talk more about the promise of Web3 games as well as the challenges of mass adoption, listen to the full episode of Decentralize with Cointelegraph On the podcast page of Cointelegraph, Spotify, Apple Podcasts or the podcast platform of your choice. And don’t forget to check out Cointelegraph’s full lineup for other deals!

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Cointelegraph does not endorse the content of this article or any products mentioned here. Readers should conduct their own research before taking any action regarding any product or company mentioned and take full responsibility for their decisions.

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