CRYPTODAY 148: WHATEVER HAPPENED TO WEB3 GAMING? As the major alts begin to re-heat this month, one category that isn't being discussed as much is the web3 gaming tokens that were so critical during the 2020 cycle. I'm talking about Immutable, Sandbox, Decentraland, Illuvium, Bigtime, Gods Unchained, latecomers like Hamster Kombat, and of course Axie Infinity. Most of them are down about 95% from their ATHs. Immutable is up almost 30% since July began, but that still puts it at -93% from the ATH it printed in November 2021. It's the same story for most of these gaming tokens and their associated brands. As someone who worked in this corner of the industry for 2 years during its peak, I wanted to share my thoughts on the phenomenon. 🧐 In my opinion, the games industry didn't actually need crypto as much as we thought, and blockchain-specific innovations like NFTs only had a marginal impact. Let me explain. Not all games need mainstream success: there are tons of traditional...
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