“If I had to sum up the Web3 games industry over the last six months, the expression ‘It’s not certain, but there’s no way to predict it exactly’ would be a good way to sum it up,” Kwon told the magazine.
Mr Kwon said earlier this year that gaming tokens looked like they would be big winners.
But now it seems like more attention is being paid to shitcoins.
“Web3 games and game narratives were a hot topic early this year, but as the market evolved, the overall interest seemed to shift more towards memes in Q2,” she said, noting that new gaming tokens haven’t gone to the moon like people expected this year.
“Despite launching a number of gaming tokens, their performance has been below expectations,” she added.
Kwon believes that the days of simply jumping on the gaming craze and launching a token that soars are over. Kwon argues that games now need to offer more than just a flashy token name to lure hopeful millionaires.
“There is an increasing need for real utility and use cases for tokens in games,” Kwon said.
“There have also been numerous attempts at innovation in the industry, which suggests that the market is maturing,” she declared.
“Recent developments such as games in the Telegram and TON ecosystems show similar potential to WeChat games. There are also a number of interesting models emerging, including efforts to integrate AI into games.”
“These innovations could have a positive impact on the industry as macroeconomic indicators improve,” she said.
What makes a great Web3 game? Kwon believes in a combination of community involvement, a well-designed economy, and equally important, interoperability.
“The ability to use assets or items across multiple games increases the value of digital assets and enhances the overall gaming ecosystem,” she argued, arguing that this allows for broader, more interconnected gaming experiences.
Looking for love on Web3? Love Island is coming to The Sandbox
While starring on the hit TV series Love Island might seem like a distant dream to some, Sebastian Borget, COO and co-founder of The Sandbox, says starring in a TV series from the comfort of your living room could be a much more feasible option.
ITV Studios’ hit show “Love Island” is all about trying to spark romance, but those relationships often don’t last. What really grabs people is the drama.
Now, decentralized metaverse platform Sandbox has partnered with the show to allow people to experience it for themselves—to test it out before it airs, or to enjoy the drama without the awkwardness of being on the show.
“The sandbox gives us more ways to expand our fandom outside of the show,” Borget explained to the magazine.
“Gamification and virtual worlds are making reality TV fans’ dreams come true – like being a coach on The Voice or being a candidate on a virtual Love Island,” he says.
This isn’t the first reality show ITV has teamed up with The Sandbox. They previously joined forces with The Voice, a singing competition where celebrity judges help make or break dreams come true before returning to reality with a day job at the office.
“Reality TV fans are already a highly interactive audience, and Web3 allows players to continue that interaction in immersive experiences like The Sandbox,” says Borget.
Although not everyone is interested in the love interest, diehard fans will have the chance to test their knowledge of not only this season but past seasons as well.
Borget added, “Players can also prove that they are fans of a particular show or contestant through experiences that test their knowledge of the contestants, storylines, seasons, etc.”
Musk Empire: Hot Take
2024 is going to be the year of clicker games. How exciting…
We saw the success of Notcoin, a viral hit that quickly attracted millions of users with just a click of a gold coin, and dreamed that one day cryptocurrencies would make up for the time and bitterness.
Notcoin was listed five months after the game’s launch.
Now, a similar pitch is being made for Musk Empire, a game that is essentially nothing more than a large image of Elon Musk’s head. All you have to do is click on the image repeatedly.
Musk Empire launched in June and has already achieved 10 million downloads.
As with Notcoin, there is only speculation about what “possible” cryptocurrencies could emerge from Notcoin in the future, but anticipation is running high.
If it follows the same timeline as Notcoin, it may not launch until November.
I’m not sure what the psychological effect of these clicker games is, but it could be the excitement of starting early and the potential to make money, but it’s also just a matter of time spent clicking your thumbs.
In Musk Empire, you can level up your Elon Musk character through various upgrades, but even after clicking and spending a lot of money for the upgrades, I didn’t feel any change.
I have spent thousands of coins on Elon, but to my eyes it looks the same.
For example, the Sports Upgrade says, “Level up your physique to endure pitch marathons and hackathons.” I’ve clicked through a few times and haven’t seen any changes to my physique in the app yet.
Other rewards include nutrition, sleep, discipline (though we’re not sure how Musk will take to this), and a rather expensive upgrade compared to the rest: a brain, which is said to “strengthen your neural networks, not just your code.”
In addition to clicking (which probably risks giving you arthritis) and upgrading, there is also an investment section called “Cities”.
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Here you can invest your coins in different areas to earn passive income. For example, if you invest 4,600 coins, you can earn up to 100 coins per hour.
Some of the investment options are quite bizarre. The industry is wide-ranging, from hamster breeding to meme t-shirts to car rentals in Dubai.
Like other clicker games, Musk Empire may not be the most exciting game out there, but its popularity is quite contagious.
I keep clicking along knowing that millions of other people are doing the same thing I am. Could community spirit be more important than fun in gaming?
Other news:
— Studio369 announced the launch of Metalcore Arena, a new free-to-play idle combat game.
— Motorsports game studio Grease Monkey Games has released Update 10 for its flagship drift racing simulator, Torque Drift 2, which includes lead-and-chase challenges, performance part tuning, a new legendary Japanese track, and an expanded selection of iconic cars.
— The Open Platform (TON) has made a cash investment in Akedo Games to further strengthen Telegram games in the TON blockchain ecosystem.
— Registration for the second closed beta test of dark fantasy idle RPG Immortal Rising 2 is open until July 31st.
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Sheeran Lyons
Ciaran Lyons is an Australian cryptocurrency journalist. He is also a stand-up comedian and has worked as a radio and TV presenter on Triple J, SBS and The Project.