Since 2020, over $12 billion in venture capital has been invested in Web3 gaming. Despite not achieving mainstream success, the sector is evolving. Web3 gaming focuses on giving players true ownership of in-game assets and achievements, unlike traditional gaming where assets belong to publishers. The industry is shifting towards sustainable economies, deeper gameplay, and long-term player engagement. Examples of progress include the growth of Axie Infinity’s blockchain, Ronin, and the success of games like Pixels and Parallel. Web3 gaming is still in its experimental phase and cannot be directly compared to traditional gaming, which has had decades to refine its models. The sector requires time and innovation, not just investment, to develop successful games and business models.
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