Institutions are also becoming interested in Web3 gaming, as more player-centric GameFi projects emerge.
Web3 gaming needs more player-centric projects with smooth onboarding to bolster mainstream adoption, according to Herbert Sim, the COO of hybrid cryptocurrency exchange Websea.“GameFi projects need to put players at the forefront… At Websea Labs, we’re looking at projects enhancing user experience and gameplay, with eSports being the biggest thing in the market, even within crypto.”
“Building sustainable economics is very important for the longevity of projects. So we only invest in projects that have longevity and put players at the forefront.” Websea’s ecosystem investment institution, Websea Labs, launched a $100 million fund focused on incubating GameFi and decentralized finance projects, at the end of March. Websea Labs was launched in October 2023.
An array of AAA-grade Web3 games are emerging from stealth in 2024, offering a combination of gameplay-focused user experience with high-quality graphics for the first time.
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