Web3 Gamer – Cointelegraph Magazine

‘Web3 Games’ Causes Employee Attrition: Grease Monkey Games Founder

Changing direction is nerve-wracking for any company. But when greek monkey games Founder Arran Potter told his team he was transitioning to “Web3 gaming,” but had no idea that 10 employees would be leaving the company.

“We told the studio this was happening. We lost a lot of staff going into this space. They just didn’t want to make Web3 games.” Potter tells Web3 Gamer.

“We lost about 10 people in about a month,” he added.

The Australian-based company is part of Animoca Brands and is best known for the popular immersive motorsports game Torque Drift, a classic Web2 title.

The sequel, Torque Drift 2, currently in beta, is turning to blockchain technology using non-fungible tokens (NFTs). Porter is working hard to have the complete game ready by the end of the year.

Potter acknowledges that it will be difficult to fill the gap left by Web3 opponents, and says larger studios tend to attract the best talent in the industry, leaving smaller companies with fewer options.

“It’s really difficult. “There were big studios looking for people for exorbitant wages, so it was very difficult to find people,” he says.

Potter convinced Torque Drift’s key partners, including giants like automaker Nissan, to continue the Web3 adventure.

He explains Web3 in simple terms for those new to it. Because many people have reservations about it due to its negative connotations, which are often misunderstood.

“Digital ownership is what you hear and think is that they are transferring their IP and trademark to the NFT owner, but that is not the case at all,” he explains.

“I don’t even like saying NFT,” he laughs.

“It triggers some people. They look at $100,000 Bored Apes and either don’t understand it, don’t want to understand it, or don’t care,” he argues. But he says framing it as a win/win works.

“If technology offers some benefits, people will embrace it, and people need to understand those benefits,” Potter said.

Don’t Worry About Gaming Assets and the SEC: Saga Founder

According to Rebecca Liao, CEO and founder of Layer-1, the argument that a game’s digital assets are securities is a “harder argument” despite US regulators being happy to call everything in cryptocurrency a “security.” Blockchain Protocol Saga.

The approval of the Ether ETF under the Commodities Regulations now appears to have settled the debate over whether Ethereum is a security. But Securities and Exchange Commission (SEC) Director Gary Gensler is clearly keeping an eye on the rest of the market.

Liao doesn’t believe physical in-game digital assets will be at the forefront, but says they are “interesting assets.”

Liao explains that there are concerns that things like NFT baseball trading cards of great players that go for anywhere from $5 to $5,000 could be classified as securities.

But she argues that it “makes no sense” to try to apply securities laws to assets in “true gaming and entertainment” environments, such as swords in video games.

Considering her past experience working as a corporate lawyer and foreign policy advisor to Bill Clinton and Joe Biden, as well as her law degree from Harvard University, it’s probably safe to assume she knows her stuff.

She also believes it’s time for people to stop obsessing over converting Web2 users to Web3.

“I hate people who say we’re trying to unify Web2 into Web3,” Liao told Web3 Gamer.

“At the end of the day, gamers appreciate great games. It’s that simple,” she adds.

She adds that she believes some Web2 studios are definitely looking at Web3 technology. They are just keeping this quiet for political reasons.

“If any of the major studios are looking into Web3 games, it’s going to be very quiet. So it’s kind of an internal experiment,” she explains.

“They don’t want their player base to know that they’re doing this,” she argues, noting that some game developers still dislike mobile gaming despite it being the “largest form” of gaming. “The biggest moneymaker.”

“Maybe two years from now there will be a ton of people changing their minds about whether Web3 games are all scams and full of terrible games.”

Hot Take: MetaFighter

A fighting game that lets you play for money MetaFighter brings back the nostalgia of classic arcade fighting games like Tekken and Street Fighter, and while it’s actually pretty good, it’s lacking in one key area for gamers.

Built using the BNB smart chain, MetaFighter features impressive, vivid graphics and a highly realistic and detailed combat environment.

The unique visual graphics for every move make the game much more engaging than a typical fighting game, and the sounds of each punch, slap, and slap make the game much more exciting.

The controls are where you need them on the screen and are large enough so you can focus on kicking ass in the ring without having to constantly check where all the buttons are.

So what are the downsides? Well, you will need a lot of patience to endure the long waiting time for matchmaking.

Matchmaking speed in player vs. player mode is quite slow. It’s common to wait 5 minutes to make a match, which is frustrating even compared to other iOS blockchain games.

Luckily, the free-to-play gameplay mode has a Player vs. Environment option that lets you fight against the computer, so you don’t have to wait between matches.

This game mode is also a good option if you want to try out different fighters without having to spend hours online trying to unlock them.

The other two gameplay modes, Fight-to-Gain and Fight-to-Earn (if you can actually find someone else to fight), earn you MetaFighter’s basic MF tokens.

You can then use your MF to further invest in fighters, buy NFTs on the MetaFighter marketplace, or cash out your earnings. However, you need to connect MetaMask or Trust Wallet when you first start the game to start earning right away.

Overall, MetaFighter is a fun game, but the slow matchmaking needs to get better to match the great graphics and gameplay.

Other news

— Immutable announced that its non-custodial wallet, Immutable Passport, has now reached over 1 million downloads since the launch of Guild of Guardians (GoG).

— The hype about MetalCore continues. The Studio369 team said there have been over 100,000 pre-registrations for the open beta version, which is expected to be released before the end of 2024.

— Gala Games announced that all 4.4 billion GALA tokens remaining in the attacker’s wallet, which issued 5 billion GALA tokens, have been burned.

— A ZBD Gen Z Gamer study found that nearly half (47%) of Gen Z gamers would be open to seeing ads in games if they were compensated with Bitcoin for their time.

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Ciaran Lyon

Ciaran Lyons is an Australian cryptocurrency journalist. He is also a stand-up comedian and radio and TV presenter for Triple J, SBS and The Project.