⛰️Key Challenges

The problems we're aiming to solve

The broader issues of game quality and economic uncertainty will resolve themselves as more game developers, gamers, and investors enter the space. To prepare Web3 gaming for sustainable growth, however, there are immediate problems and challenges that need to be resolved.

High Barriers to Entry for Traditional Gamers

To get started with a typical Web3 gaming title, traditional gamers first need a wallet for the blockchain used by the game, then they need to purchase the in-game NFTs required to play the game. In Axie Infinity, this process involves multiple blockchains, an Axie Infinity account, and 3 NFTs that can cost upwards of $1,000. As gamers accrue earnings in the title’s native crypto token, they can use a crypto exchange to convert their earnings to fiat currency.

Each of these steps is subject to transaction fees, and there is always the risk of crypto-token volatility. Generally speaking, the expense, complexity, and time required is a major deterrent for traditional gamers. Given the sheer number of traditional gamers out there, it’s critical that they be given as seamless an onboarding experience to Web3 gaming as possible.

Guild Management Remains a Manual Process

To maximise earning and scholar opportunities, gamers have organised themselves into guilds. New gamers can lease in-game NFTs from the guild’s pool in exchange for a share in revenue, while experienced gamers can quickly and profitably try out new games. The largest guilds have thousands of players and earn millions of dollars in revenue.

What’s missing are platforms that allow guilds to manage their players, revenues, and rewards. This makes tracking player performance, distributing winnings, and tracking in-game assets very cumbersome. To support scalable growth, guilds need these tools to be user friendly, streamlined, and insightful.

Lack of Actionable Web3 Gaming Investment Insights

Investors of all sizes are lining up to get into Web3 gaming, either by investing in game studios or guilds. Estimates put the total investment in Web3 gaming at over $1 billion. On the surface, it appears that these investments are being made based on a combination of hype, basic on-chain data, and number of users.

What’s not readily available are granular insights about specific title and guild performance, how value is flowing through the space, and which games have the best-performing economic models. These kinds of actionable insights will allow investors to make better decisions and, over time, bring more money into Web3 gaming.