Sandbox co-founder foresees AAA game studios embracing web3

SEO Optimized Content: In an interview with crypto.news, Sebastien Borget, co-founder & COO of The Sandbox, delved into the challenges hindering mainstream adoption of web3 gaming. The gaming sector is undergoing a transformation with web3 games offering players enhanced control and ownership over in-game assets like items, characters, and currencies. Despite this, the wider gaming community still shows a preference for traditional web2 games.

Major players like Ubisoft and Sega have slowed down their efforts to release new web3 games as they navigate the path to mass adoption. However, smaller studios are leading the way in innovation within the web3 space, being more culturally prepared and agile to explore new opportunities.

While big companies like Nexon, Come2uS, Ubisoft, Atari, and G2A are entering the web3 and Blockchain Gaming space, they are setting up separate teams to avoid the limitations imposed by their size.

One of the biggest challenges facing the development and adoption of web3 games today is the lack of emphasis on fun and gameplay, as well as the complexity of user experience (UX) during onboarding. Yet, advancements in blockchain technologies and improving user experience show promise for the sector’s growth.

Unity, Unreal, and middleware solutions like Stardust are making development in web3 games more accessible. Game creators should focus on creating fun games while simplifying the integration of blockchain technology to attract traditional gamers without overwhelming them with complexities.

NFTs and token economics play a crucial role in enhancing gameplay and player engagement in web3 games, making players active stakeholders in the game’s success. Innovation within the space includes decentralized finance mechanics, staking tokens for access, NFT ownership for unique experiences, and airdrops of tokens as engagement strategies.

Looking ahead, major AAA gaming publishers like SquareEnix and Sega are expected to make moves in the web3 gaming sector as they follow the lead of early adopters like Ubisoft and Atari. The industry is poised for growth, with projections estimating it to be a $30 billion industry by 2030. Borget’s insights shed light on the industry’s evolution and the potential for web3 gaming to become a significant player in the gaming ecosystem.

Best Exchanges

Sign up now to enjoy a 20% discount on trading fees.

Join millions of traders worldwide on the platform trusted for its security, innovation, and global reach. Don't miss out, register today and start trading smarter with Bybit!

Sign up now to enjoy a 20% discount on trading fees.

Join millions of traders worldwide on the platform trusted for its security, innovation, and global reach. Don't miss out, register today and start trading smarter with Binance!

Sign up now to enjoy a 10% - 30% discount on trading fees.

Join millions of traders worldwide on the platform trusted for its security, innovation, and global reach. Don't miss out, register today and start trading smarter with OKX!

© Copyright 2023 | Powered by Inscoin