basil on Warpcast

Content pfp

0 reply

17 recasts

17 reactions

basil pfp

they invested $12.5 BILLION in web3 gaming from ‘21 to ‘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? 😐 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% didn’t even get to market & 100% failed to innovate, or do anything of interest, on the blockchain front all that’s left now is eco hopping for hopeful network effects gg

12 replies

1 recast

43 reactions

basil pfp

this one is a bit spicy sorry ily 🫶

0 reply

0 recast

0 reaction

basil pfp

this one is directed at AA+

0 reply

0 recast

6 reactions

J. Valeska 🦊🎩🫂 pfp

J. Valeska 🦊🎩🫂

there weren't L2s nor L3s then.. what makes very complex for a game to be massive onchain.. transactions were slow and expensive.. it is going to change at some point.. I guess..

1 reply

0 recast

1 reaction

xuantruongnika pfp

@xuantruongnika

Some projects have been raising funds since 2021 and building games up to now. I wonder if we really need a AAA game on Web3. Simply put, we already have too many outstanding Web2 games.

1 reply

0 recast

1 reaction

Gramajo👽 pfp

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. That’s why I’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. It’s too big of an industry to write off. My next two podcast episodes are with people trying to do this on Farcaster.

0 reply

0 recast

1 reaction

Garrett pfp

0 reply

0 recast

1 reaction

ns pfp

Can’t poke a hole in this one. Shit turned out to be mostly a grift. Perhaps there will be a v2 resurgence with actually games. But even the most successful projects are a complete shambles.

1 reply

0 recast

1 reaction

WebOfTrust pfp

This is one of the problems in this space. Intentionally trying to put everything on blockchain and among other things, wallet management needs to be fixed first before we even think of onboarding gaming crowds.

0 reply

0 recast

1 reaction

Valhalla 1 🎩 pfp

Valhalla 1 🎩

I agree even top players like Axie and Illuvioum tried but have yet to deliver something that goes mainstream

0 reply

0 recast

1 reaction

J Finn 🎩 pfp

can it be turned around with some of the brilliant minds of gaming on FC tho 😏

0 reply

0 recast

1 reaction

Catch0x22 pfp

and how many of those 1m players are actually having fun?

0 reply

0 recast

1 reaction

carlos pfp

i remember 70% + of the nft projects launched during the jpg summer included a web3 game in the roadmap, they had no idea what they were promising, clearly any of those projects ever launched a game before. not even yuga, with their hundred of millions, has been able to develop the other side...

0 reply

0 recast

1 reaction