The 3 Things People Get Wrong About Web3 Gaming

Web3 Gaming is Just For Making Money

Yes, it may be true that web3 games are creating new revenue streams for players, creators, and investors alike. But web3 is doing so much more.

The most popular Twitch streamers are often more recognized by their gamertags than their real names. Pictured (left-to-right): Pokimane, Ninja, and Shroud. Image source.

All Web3 Games are Ponzis-in-Waiting

The short answer — yes. Just like every other space, Web3 scams also exist. Most people in crypto are more interested in the potential profits in the space vs. creating impact, and scammers take advantage of this by routinely duping thousands with rug-pulls and pyramid schemes.

Image source: Protocol

B-but, Think of the Environment Harm from NFTs 😨

The number one argument on the Internet against NFTs and blockchain technology in general, is the ecological destruction it allegedly causes.

Some Closing Thoughts

All misconceptions aside, web3 games today are far from perfect. You cannot build closed economy games on open economy protocols. Most blockchain games fail because they try to mash web2 dynamics with web3 fundamentals.

The Fractal Launchpad, showcasing the upcoming mint for Nekoverse (fractal.is/nekoverse).

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