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basil pfp
basil
@itsbasil
they invested $12.5 BILLION in web3 gaming from ā€˜21 to ā€˜23 yet only 1M daily wallets play web3 games today across ALL ecosystems & ALL chains call it 2M if you want, or even 3M if it makes you feel better, but it makes no difference at all a single mid-tier web2 mobile game has more daily players than the ENTIRE web3 space COMBINED a game, btw, that costs ~$10M to build, is likely profitably & likely generates margins not possible in web3, no less do you know what the CAC is in web3 gaming? šŸ˜ at this moment in time, by all metrics & all considerations, web3 gaming is categorically a failure this is what happens when we blindly fund exRiot, exActivision, exWhatever game developer != gameplay & systems designer big resume != successful founder they came here solely for the capital & we showered them in droves 90% didnā€™t even get to market & 100% failed to innovate, or do anything of interest, on the blockchain front all thatā€™s left now is eco hopping for hopeful network effects gg
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GramajošŸ‘½ pfp
GramajošŸ‘½
@gramajo.eth
Too many ppl who have never built games just tacked it on as it was easy to do. Too focused on tokenomics and not fun. Thatā€™s why Iā€™ve been trying to support indie games. We need to go full GM studio home brew path and if it pops off we then move to incube8 exclusive drop. Itā€™s too big of an industry to write off. My next two podcast episodes are with people trying to do this on Farcaster.
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