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Web3 Gaming Developers Continue To Be Favored by Investors - Follow the money

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  • The user and all related content has been deleted.
    Sometimes we need fantasy to survive reality 
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  • fineflufffinefluff Member RarePosts: 561
    I'm not interested in playing games that endorse real money trading or gambling. That's really all it comes down to. Whatever technology is behind it is actually irrelevant.
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  • ScotScot Member LegendaryPosts: 24,273
    mekhere said:
    Let's be real. The U.S. dollar is DE-pegged and the Petro dollar is gone. Inflation may happen and pay to play games might be our only hope TO PAY THE BILLS. The only way to outsmart the BRIC nations is to create a better Utopia THAN THE SAUDI MILE and make our own world that a DE-pegged dollar can't compete in. Pay to play games. MMO's are a virtual kingdom, and it should be a force to be reckoned with for BRICS. We need to stay edgy and be hipsters and embrace change.
    What you claim has not happened but I agree there is more instability than a few years ago. The rest of what you said plays directly into the hands of third world countries.

    Having a crypto official government currency is a separate issue and there may be grounds for that, but I would severely limit its scope and the amount invested in it. In other words it would exist on a trial run basis like Brit Coin will.
  • mekheremekhere Member UncommonPosts: 273
    Scot said:
    mekhere said:
    Let's be real. The U.S. dollar is DE-pegged and the Petro dollar is gone. Inflation may happen and pay to play games might be our only hope TO PAY THE BILLS. The only way to outsmart the BRIC nations is to create a better Utopia THAN THE SAUDI MILE and make our own world that a DE-pegged dollar can't compete in. Pay to play games. MMO's are a virtual kingdom, and it should be a force to be reckoned with for BRICS. We need to stay edgy and be hipsters and embrace change.
    What you claim has not happened but I agree there is more instability than a few years ago. The rest of what you said plays directly into the hands of third world countries.

    Having a crypto official government currency is a separate issue and there may be grounds for that, but I would severely limit its scope and the amount invested in it. In other words it would exist on a trial run basis like Brit Coin will.
    The Brit Coin exists to pay off old war debts and the current player base imprisoned in a shelter over a pandemic they didn't deserve, has earned the right to some of the prophets that Brit Coin provided. That player base supported the kingdoms quest for financial freedom and those players were loyal to their kingdoms. The players should be compensated for actually making Brit Coin a reality. Corporatists are understanding how upset their player base is because they don't have much of one anymore. How do they plan on getting players back?

    Current gov digital currency is limited in its scope. It's meant to pay illegal entities and it isn't run on a trial basis. It's here to stay. Prove that what I claim hasn't happened. Those third world countries are playing us right now. There nothing more than hackers exploiting in game currency for illegal activities and there legally getting away with it to make a player-based economy more secure. Banks and militaries are loving it because they get more secure networks. Why should gaming companies be left out of a more secure virtual world.
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  • VrikaVrika Member LegendaryPosts: 7,973
    edited April 2023
    Vrika said:
    bcbully said:
    https://blockworks.co/news/web3-gaming-investors

    Almost $190 million went into industry startups this week, a significantly greater amount than the previous seven day period, which saw only $37 million injected into the ecosystem.

    Of all the funding raises, Web3 gaming developer CCP Games, a Reykjavík-based startup, managed to secure the largest amount of cash over the same span.

    It closed a $40 million seed round led by prominent venture capitalist firm Andreessen Horowitz (a16z). Participating investors included Makers Fund, BITKRAFT, Kingsway Capital, HASHED and Nexon, among others.

    “With advancements made within blockchain, we can forge a new universe deeply imbued with our expertise in player agency and autonomy, empowering players to engage in new ways,” Hilmar Veigar Pétursson, CEO of CCP games said in a statement.

    This round of financing will be used to accelerate the studio’s development of gaming in the virtual world. 


    Numbers floating with no context means jack shit. Give us some actually useful information.


    * Investment in blockchain gaming vs Investment in proper gaming?

    * Number of blockgames released in last 12 months vs proper games?

    * Sales figures for crypto games vs proper games?



    $190 million sounds like an impressive number, but that's less than one AAA game.



    All your figure really tells me is that some investors are speculating with risky investments. Same shit that's been going on since people with money started investing in other people.

    Come back and keep stunting for this shit when there are some worthwhile games to discuss.

    We don't know the investment to all gaming, but revenue is estimated to be about $5 000 million a week.

    If Bcbull's numbers are representative, that would mean single week's gaming revenue would be about equal to whole years blockchain gaming investments.
    Correction to my earlier post: Bcbully's op made me mistakenly think that web3 gaming had received $190 million investments in a week, but on second look that's false. His $190 million was total investments to web3.

    As such my comparison is faulty. That $190 million should have been compared to total size of all business done in internet, not just gaming business.
     
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