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@itsbasil
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
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@nickysap
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.
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@itsbasil
the time will come
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