Blockchain Gaming Falls Short

Blockchain gaming falls short: Pixelverse co-founder said their organization is building a strong user base without “unrealistic” promises.

Although gaming remains a fundamental component of Web3, some contend that blockchain-based games have experienced a “disappointing” side due to subpar gameplay despite the substantial fundraising invested in their launches.

According to Kori Leon, the co-founder of the Pixelverse gaming ecosystem based in TON, certain games still need to fulfill their promises. Leon stated that some Web3 gaming initiatives could only attract players if they received significant funding and backing. Leon elaborated:

“The current state of gaming has been disappointing. Despite significant fundraising for supposedly AAA games, recent launches, heavily backed by venture capital at high valuations, have delivered poor gameplay, failing to attract players beyond those speculating on in-game asset values.”

Leon underscored the significance of establishing communities for Web3 initiatives in a statement sent to Cointelegraph. “He emphasized that for the ecosystem to flourish, it is essential for projects to concentrate on the factors that contribute to their success: community, culture, and distribution.”

Pixelverse, which attracted 50 million players to its Telegram mini-game Pixeltap in June, is adopting a distinctive approach to Web3 gaming. Leon asserts that their objective is to establish a robust user base without making “unrealistic promises.”

According to the executive, the forthcoming infrastructure and the release of new titles will provide a more AAA experience. Nevertheless, the executive emphasized that the initiative has established the foundation for community building and distribution. Leon thinks that this establishes Pixelverse for “infinite potential.”

Gaming a “critical onboarding mechanism” for Web3

In a Cointelegraph interview, Randy Wasinger, the founder and CEO of CryptoSlam, stated that gambling continues to be a method for Web3 to attract new users. He stated:

“I absolutely feel that gaming is a critical onboarding mechanism for Web3. I’m still waiting for that killer game that brings not a few hundred or a few thousand new people but millions and millions of people. I think that’s possible. I’ll even double down on that and say it’s inevitable.”

Additionally, Wasinger observed that much capital has been allocated to Web3 activities. Nevertheless, the executive thinks that the most exceptional titles necessitate “extensive software development cycles.”

The executive anticipates that blockchains designed explicitly for gaming, such as Ronin, Mythos, and Immutable, will generate that game.

“I am confident that we will witness the emergence of game-changing software titles that appeal to the masses and attract new users from one or more of those major protocols.” However, Wasinger explained, “It simply requires time.”