Why You Need to Look at These Three Web 3.0 Gaming Platforms
Axie Infinity proved the play-to-earn model for gaming has legs. So here are three highly anticipated Web 3.0 gaming platforms worth looking at closer.
Gaming is addictive. Before having kids, I could spend hours online playing games and memorizing the virtual fighting maps of Call of Duty. And this was as an adult. When I had my kids, I hung up my virtual guns. Sure, I occasionally got sucked into Candy Crush or Clash of Clans, but I no longer clock hours per day in the video game realm. Not to say I don’t miss it; I just can’t devote the time, energy, or money to my gaming skills.
However, just because gaming isn’t a high priority for me doesn’t mean the gaming industry isn’t increasing. Let’s not bore you with statistics, but I’m sure you know that video games are a multi-billion dollar industry. And after researching for my Top 10 Coolest dApps From the Past Month article, I realized I need exposure to decentralized gaming.
I missed Axie Infinity completely. I saw gameplay images and decided not to invest in Axie because it didn’t seem entertaining—big mistake. Instead, I feel Axie Infinity may be the Atari version of Web 3.0 gaming.
Axie Infinity proves that demand exists for play to earn gaming in a decentralized environment. At its peak, Axie’s governance token exceeded a $10 billion market cap. Compare this to Grand Theft Auto maker Take Two’s (TTWO) current market of $20.5B, traditional sports gaming giant Electronic Art’s (EA) market cap of $36.5B, and the king gaming company Activision’s $63.2B market cap.
And video game newcomer, Roblox, is sporting over a $30B valuation. Roblox is unique from the traditional games, and its success bodes well for Web 3.0 gaming (IMO). My grade school kids can play Roblox for hours, and these will be future Web 3.0 gamers.
My coolest dApps article concludes that gaming and digital marketplaces are bringing mainstream adoption to Web 3.0 faster than decentralized finance. And while I don’t have the time or desire to test out these games, I have taken a closer look at three projects that may be worth keeping an eye on.