We’ve also seen a pull-back in venture funding, and many ambitious games are still expectedly taking a long time to see the light of day. It’s been a quieter time, but the widespread and global building continues. There’s been a strong focus on iterative improvements across infrastructure, onboarding, tokenomics, and mobile policy. Issues like transaction speed and cost are being addressed by a number of games using improved zero-knowledge technology or game-focused blockchains. Also, a variety of wallet solutions are being built out to ease onboarding and custodianship for the next wave of adopters.Īs the market has cooled down in the west, there has been a transition of enthusiasm for web3 gaming in the east. South Korea is increasing development despite a ban on playing web3 games locally, and Japan has also begun embracing web3 gaming with even the government supporting NFTs and heavy hitters like Square Enix, Sega, and Konami all dipping their toes in. Other big publishers are testing on the fringes, too.
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