From Cointelegraph

April 6, 2025 11:00 AM:

In 2024, the gaming industry faced layoffs and studio closures due to unsustainable development costs. Despite the rise of Web3 gaming promising solutions, it failed to capture mainstream players’ attention. Traditional gaming’s reliance on graphics over creativity led to high costs, making it hard for indie developers to compete against major studios.

Web3 gaming platforms unintentionally created walled gardens, isolating users and deepening moats. Game developers faced challenges with existing blockchains not designed for gaming, forcing them to compromise gameplay. While some crypto native players find value in Web3 gaming, mainstream gamers seek engaging experiences, with only a small portion actively involved.

Mainstream gamers are drawn to meaningful ownership of in-game assets, emphasizing the importance of engaging gameplay. Most Web3 games prioritize crypto technology and tokenomics, missing the mark on creating fun experiences for players. The industry must refocus on making games enjoyable instead of competing for crypto-native users to succeed in the long run.

Read more at Cointelegraph: As gaming giants crumble, onchain gaming promises remain unfulfilled