1/ Web3 games will dominate. Here's some data. Of note:
@AxieInfinity is on pace to generate ~$1.4B in 2021 revenue, up from ~$80M in 2020. @SkyMavisHQ, studio behind Axie, is 3 years old w/ 61 employees making it arguably the fastest growing & most capital efficient game studio
@AxieInfinity is on pace to generate ~$1.4B in 2021 revenue, up from ~$80M in 2020. @SkyMavisHQ, studio behind Axie, is 3 years old w/ 61 employees making it arguably the fastest growing & most capital efficient game studio
2/ The impressive growth of Axie is, in large part, tied to novel play-to-earn (P2E) mechanics which, much like ride sharing apps, has become a primary source of revenue for gamers across the world. P2E combines digital asset ownership w/ the passion economy empowering users
3/ Another impressive metric is retention. Games struggle with two things: initial bootstrapping of users and retention. The latter is known as half-life and most game studios need to constantly put out new game hits to counteract this phenomenon (Zynga case in point). Not P2E...
4/ Here's Axie's 30 & 90D retention.
Some argue P2E is not sustainable as gaming stops being fun when it becomes a job. I believe it's here to stay. Much like WeChat grew from messaging to your everything app, so will Web3 games as they layer on financial (DeFi) & other services
Some argue P2E is not sustainable as gaming stops being fun when it becomes a job. I believe it's here to stay. Much like WeChat grew from messaging to your everything app, so will Web3 games as they layer on financial (DeFi) & other services
ICYI here's the source for Axie data: axieworld.com/en/economics/c…
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