Can gaming token ‘enthusiasm’ make a comeback in this crypto bull run? Web3 Gamer

The latest crypto bull run has brought Bitcoin to new all-time highs, sparking excitement among investors and analysts alike. Amidst this surge, many are wondering if gaming tokens will also experience a resurgence in popularity.

According to gaming executives, studios are starting to strike a better balance between token launches and game development. Delabs Games’ Quinn Kwon praises Web3 adventure game Pixels for effectively incorporating Web3 elements like tokens and NFTs into its gameplay. The game’s native token, PIXEL, has seen a 32% increase in value over the past week.

While the future looks promising for Web3 gaming, some challenges remain. Crypto analyst Ran Neuner notes that few gaming tokens have matured into significant assets yet. However, he highlights Immutable’s IMX token and BEAM as tokens worth keeping an eye on.

Despite initial setbacks in 2024, the Web3 gaming industry is learning valuable lessons about the importance of product quality and utility. Prioritizing these aspects will be crucial for the success of gaming tokens in the future.

For those considering a career in Web3 gaming, investor Josep Rust suggests that full-time gaming may not be suitable for everyone. He stresses the importance of being a skilled player or a dedicated grinder to succeed in the competitive gaming landscape.

Beyond playing games, there are numerous opportunities to make money in the gaming industry, from flipping NFTs to investing in virtual real estate. Rust emphasizes the need for investors and content creators in the space, highlighting roles like game designer, moderator, and developer as viable options.

The demand for skilled game designers is on the rise, emphasizing the importance of creating engaging and immersive gaming experiences. With the right design, games can thrive without the need for complex economic interventions.

In a lighthearted take on the gaming industry, Chiliz Farm Tap offers a simple tap-to-earn game for aspiring farmers. While the game may not transform players into real-life farmers, it provides a fun and accessible experience for those looking to unwind and relax.

Overall, the future looks bright for gaming tokens in the midst of the crypto bull run. As studios continue to innovate and improve their offerings, the intersection of gaming and blockchain technology is set to provide exciting opportunities for both players and investors alike.