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Zynga, a major player in the gaming industry, has exited the Web3 space, raising questions about its risk appetite and strategic focus. This move comes despite the growing belief that gaming represents a significant use case for blockchain technology, offering benefits such as true ownership, earning opportunities, and immersive experiences. The exit of Zynga, including its project Sugartown, along with other projects like AOF and Dimensionals, suggests a challenging environment for traditional gaming companies transitioning to Web3. Meanwhile, many infrastructure projects in the crypto gaming space are nearing completion, with several games poised for launch under prominent Web3 brands. This development could potentially attract more entrants to the market, highlighting the evolving synergy between gaming and blockchain technology.
There is about to be a lot happening in the world of gaming in crypto. Many infra projects coming to final stages within companies and many games about to be launched under big web3 brands. I think the infra projects (if they do good b2b) will usher in more entrants than many…
These projects that come into the space these days that lead their pitch with “from industry veterans from” have all folded 💀 AOF (ex-Supercell so they said), Dimensionals, now Sugartown (Zynga). Web3 builders > web2 companies looking for a quick buck or an “easy way” to get… https://t.co/C9PLcOkjVJ
Gaming / #metaverse present a compelling use case for #blockchain technology, blending entertainment, finance, and social interaction in ways that appeal to a broad audience. By providing tangible benefits like true ownership, earning opportunities, and immersive experiences,… https://t.co/HVmVdI3Yrv