Web3 gaming has been a topic of discussion in the gaming community for quite some time now. Early Web3 games faced numerous challenges, particularly in terms of infrastructure limitations, which hindered their ability to compete with well-established Web2 games. Doron Wesly, Chief Commercial Officer (CCO) at Funtico, pointed out that these early Web3 games lacked visual appeal, engaging storytelling, and satisfying gameplay, which ultimately led to their downfall.
However, the industry has recognized these challenges and is actively working towards improving the infrastructure to support high-quality gaming experiences. Wesly highlighted the shift in focus from creating new games to building a more robust infrastructure. This change in approach is evident in the decrease in the ratio of games launched compared to networks built, indicating a greater emphasis on infrastructure development.
Instead of direct competition, Wesly advocates for collaboration between Web2 and Web3 gaming sectors. He believes that this collaborative approach would be mutually beneficial, with Web2 platforms learning about blockchain technology and Web3 platforms leveraging the trust users have in established Web2 games.
In a recent interview with Bitcoin.com News, Wesly addressed the rise and fall of the Web3 gaming sector, emphasizing the need for improved gameplay and a focus on Layer-2 solutions to enhance scalability and reduce transaction costs. He also discussed the importance of regulatory compliance and outlined steps that Web3 game providers can take to prevent complications in the future.
Funtico, Wesly’s Web3 gaming project, aims to offer players more control and excitement without compromising on the thrill of gearing up and achieving victory in virtual worlds. The platform allows players to have full control over their in-game assets and rewards, promoting ownership, trading, and interoperability.
Looking ahead, Wesly believes that collaboration and the integration of Web3 elements in online gaming will drive significant expansion in the industry. By 2030, he envisions a more interactive and economically stable gaming ecosystem, with player-owned economies and rare digital assets enhancing the overall gaming experience.
In conclusion, the Web3 gaming sector is undergoing a transformation, with a renewed focus on infrastructure development and collaboration between Web2 and Web3 platforms. With ongoing improvements and a strategic approach to integrating blockchain technology, Web3 gaming is poised for a promising future in the online gaming industry.