In the recent WYG? Web3 gaming panel, industry leaders gathered to discuss scaling. As the gaming world prepares for wider blockchain adoption, questions about whether Web3 is ready for mass adoption were front and center. From NFT pricing to appealing to mainstream gamers, here's what the experts had to say.
Are NFTs Overpriced?
The conversation started with the issue of NFT pricing in Web3 games.
“Yes, they are definitely overpriced,” said UNKJD, who explained that projects raise prices because they don’t believe they have enough users to justify lower costs. He added, “Web3 isn’t ready for mass adoption because there are very few fully playable games in the space right now.”
TattedLawyer.eth agreed, noting that collections are often smaller and priced higher due to uncertainty around demand. “The industry is afraid of scaling,” he said. Many in the space aren’t natural gamers, leading to a focus on speculation rather than delivering utility-rich gaming experiences.
Building for the Long Term
While pricing is a concern, sustainability was another hot topic.
TheCulturedSwine from Moonray shared their strategy, “We started with a free mint, letting the value of the product drive itself.” They segmented their audience into gamers, NFT speculators, and TGE speculators to address different needs. However, he was less optimistic about immediate scaling, noting, “We’re still 18-24 months away from real scaling.”
Web3 Gaming as Investments
Taraxa Project’s Steven voiced a unique perspective, criticizing the speculative nature of Web3 gaming.
“The entire crypto space has turned into a giant casino,” he argued, calling for a shift back to creating fun games instead of treating them as investment assets. His thoughts resonated with the panel, reminding everyone that the focus should be on making games enjoyable first.
Catering to Degens Early On
The role of degens—speculative traders—was another big topic.
UncleFunk and Thrust discussed catering to degens early to help stimulate in-game economies. “Even degens are dads,” joked UncleFunk, hinting that speculative players could still contribute to a healthy community.
Thrust emphasized sustainability, adding, “The problem is the lack of sustainable models.” He believes that long-term success requires models that benefit everyone, not just those chasing quick profits.
Balancing Community and Mainstream Adoption
As projects grow, balancing between the Web3 community and mainstream audiences becomes critical.
TattedLawyer.eth reflected on how his project had to decide between attracting speculators or real players. “Speculators will always jump to the next shiny thing,” he said, suggesting that creating a community focused on using the game rather than profiting from it is key to long-term success.
The Road Ahead
While scaling presents challenges, there’s optimism for the future of Web3 gaming.
The panelists agreed that with time, more games will emerge that push the boundaries of what Web3 can offer. As TattedLawyer.eth concluded, “When people are just playing the game naturally, that’s when we’ll see real adoption.”
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