Crypto games suck – but developers can fix it with Cointelegraph

Crypto games suck – but developers can fix it

What we have today in terms of Web3 games is not working. The Play to Earn feature did not work and the Earn or any X-to/and-Ear game would not work. Furthermore, non-fungible tokens (NFTs) are viewed with skepticism by traditional players. They are drowning in expensive monkeys and skeptical that big game publishers will apply lipstick NFTs to make more income.

Nobody knows what a successful Web3 game will look like yet. To get there, we need more developers to try out more models. We need an infrastructure that lowers the barriers to developing Web3 games and makes it easy for developers to experience. That is why it is necessary to invest in the development of basic infrastructure rather than being swept up in speculative hype.

Mint sailing in pre-release development

Unique active wallets connected to DeFi and GameFi applications from January 2022 through August 2022. Source: DappRadar

Inflationary tokens are on the way out

Shi Khai Wei He is the general partner and chief operating officer of LongHash Ventures, an investment fund and accelerator focused on Web3. In 2021, Shi Khai received the Forbes 30 Under 30 Award in recognition of his achievements. Previously, he was a management consultant at McKinsey & Company, focusing on digital transformation and analytics across the financial and telecommunications sector in Southeast Asia.

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