How Web3 Will Revolutionize the Gaming Industry - TOKEN2049 London 2022
Join us for an insightful exploration into the transformative potential of Web3 in the gaming industry with "How Web3 Will Revolutionize the Gaming Industry" presented at TOKEN2049 London 2022. This expert panel, featuring Yat Siu (Co-founder and Chairman of Animoca Brands), Sebastien Borget (CEO and Co-Founder of The Sandbox), Jamie Burke (CEO and Founder of Outlier Ventures), and moderated by the CMO of Decentral Games, delves into how Web3 technologies are set to redefine gaming landscapes.
The discussion kicks off with key statistics highlighting the current state of Web3 gaming. Despite impressive milestones such as Axie Infinity reaching a lifetime NFT sales volume of $4.2 billion, traditional gamers remain largely unaware of Web3, with only 3% having ever owned an NFT. Our panelists explore the potential of Web3 gaming to tap into the broader $200 billion gaming industry, embodying a significant shift from central platforms to community-oriented value distribution enabled by digital property rights.
Key topics include the impact of recent industry events, such as the FTX situation, on the gaming sector, and how Web3 gaming offers a new paradigm with custodial wallets making transitions more accessible for traditional gamers. They also discuss the innovative potential of Web3 to lower user acquisition costs through open, decentralized marketplaces, allowing smaller developers to thrive without relying on dominant app stores.
The session highlights the ongoing experimentation within Web3 to find sustainable models, focusing on balancing financial incentives with user engagement and game longevity. The speakers contend that while Web3 introduces financial systems into gaming, it mainly opens these systems up, promising greater freedom and transparency.
Gain understanding into how blockchain technology and the metaverse will expand the scope of interactive entertainment, transcending traditional gaming to encompass music, fashion, and virtual events. Learn from industry leaders as they share their strategies for overcoming adoption barriers and envisioning a future where Web3 facilitates not only financial inclusivity but also creative innovation and sustainable growth in gaming.
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