It’s impossible to talk about Avalanche without writing more about gaming. Indeed, Avalanche presents itself as the solution for creators of Web3 video games, and it is therefore quite normal that this subject comes up many times during the Avalanche Summit.
Towards fairer remuneration
The world of Web3 gaming suffers from a problem of remuneration. Whether it is play-to-earn, play-and-earn and other models, remuneration remains a very complicated subject and has caused the downfall of many projects.
The panel ” Sustainable reward systems for blockchain games allows us to think about the future of Web3 gaming and the solutions that blockchain could bring to this growing ecosystem.
Lisa JY Tan highlights the 3 main problems encountered by Web3 gaming projects. 1. Regulatory risks, which are very difficult to control, technical risks, which change over time, and economic risks. This last risk is the most controllable and must therefore be the priority for a Web3 gaming project. One of the most important variables in economic risk is the early adopter phenomenon. Indeed, very often, the first 100 or 1000 users are over-rewarded by the Web3 game, as Axie Infinity did in its early days, creating a gigantic gap with other waves of adoption. It is therefore necessary to find the point of balance between the OG community and the rest of the users, so that everyone is fairly rewarded.
The speakers then discussed the different points of value for the future of Web3 gaming, the main point being User Generated Content. Francis Branklin, of SHRAPNEL, underlines the importance of this concept in the longevity of a game, to create the “10 years” effect as on certain Call of Duty, where groups of enthusiasts continue to play because they can create things in the game that they enjoy.
Bolon Soron, from Kingdom Studios, emphasizes the importance of regulation in the ecosystem, and even if it is not directly controllable, it will have a gigantic impact on the future of gaming, especially in play-to-earn.
The speakers then discussed other key concepts, such as in-game time management, which is not yet very developed in many Web3 games but should experience a real revolution with the blockchain. As always, the key word was utility, token and game mode.
E-sports and gaming
The world of Web3 gaming is not yet very present in the world of e-sport, yet the links are quite logical and direct between these two worlds. In order to understand what the future of esports holds for us, we followed the discussion “ How Web3 is changing esports culture with Dan Dinh of TSM and Ed Chang, Director of Gaming at Ava Labs.
Ed Chang begins by summarizing the major trends in this market, with an explosion of investments in e
-sport alongside a super growth in cryptocurrencies, boosted by a feeling that gaming was the future of the internet. Then a drastic fall during the bear market and a fairly uncertain situation now. Dan Dinh explains this situation to us, first of all the origins of e-sport go back to a period when only enthusiasts could invest time and money, this is how TSM was born. Over time and the bull markets, Dan Dinh has seen esports teams arrive, boosted by VCs with completely disproportionate budgets. The goal was no longer to know how to be profitable and have fun, but simply to spend, buy the best players and have confidence in future profitability. Obviously, it was the TSM model that prevailed over time, because with each contraction in growth, VCs no longer supported their teams.
It is therefore a team of enthusiasts at the head of TSM and this team, Dan Dinh at the top of the list, really believe in the potential of Web3, not only for gaming but in general. Dan Dinh is even an early adopter of Bitcoin, he had been mining since 2011 on a small scale with his brother. Ed Chang returns at this time to the importance of intelligent collaborations, not only by sticking the Avalanche logo on a sponsored t-shirt, but by creating a real common vision between the two companies. For that, you need enthusiasts.
Dan Dinh and Ed Chang are therefore working on the future of e-sport gaming and are convinced of one thing, the public is evolving. When gaming was reserved for young people, mostly men, between the ages of 15 and 20 10 years ago, gaming has become a central subject for all types of people between 8 and 30+, thus considerably increasing the opportunities for growth both in gaming than on the Web3.
The user at the heart of the transition to Web3
Finally, we will return to what Andy Adams of Stardust said in the discussion ” Putting gamers at the heart of the Web3 gaming experience », where he explains to us that a transition from Web2 to Web3 should not be too brutal not to affect the user experience. Indeed, a Web2.5 version could be a good temporary solution in order to give developers more time to find ways to ensure the fluidity of the game and the tokenization of in-game digital assets.
In parallel with this Web2.5 evolution, it is important to have interoperability, which is very difficult to obtain, but Pie from Kingdom Studios provides an element of the answer, the Subnets. Having your Subnet is almost like having your own blockchain, you can invite partners to come and build and thus create native interoperability.
Here are some interesting things discussed during the Avalanche Summit, you can find recaps of day one here, day two here and day three here.
Web3 gaming remains an evolving ecosystem, but many parallel sectors such as e-sport and DeFi are supporting this evolution of the video game world in order to create a complete Web3 that can be used by everyone and for everyone.
Future challenges include mass adoption of Web3 gaming, platform regulation and security, and creating viable business models for game creators and gamers. It will also be essential to find innovative ways to monetize in-game digital assets and to encourage greater collaboration between the various stakeholders in the sector, from developers and investors to players and platforms.
Finally, it will be necessary to ensure that the underlying technologies and infrastructures can evolve and adapt to the rapid growth of the market, while guaranteeing the durability and security of data and transactions.
In summary, the future of Web3 gaming is full of promise and opportunity, but many challenges will need to be overcome to achieve a mature and thriving ecosystem. Collaboration and innovation will be the keys to success, and the Avalanche Summit showed that there are already many promising ideas and initiatives in this area.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
