Can Web3 Gamer Revive Gaming Token Enthusiasm in Current Crypto Bull Run?

Hey there! Exciting news in the crypto world—Bitcoin has been hitting record highs left and right lately, and experts are even predicting it could reach $100,000 soon. So, what does this mean for gaming tokens during this potential bull run?

Well, according to some gaming execs, studios are getting better at finding the right balance between token launches and game development. Delabs Games’ Quinn Kwon praised the Web3 adventure game Pixels for doing a great job in this regard. The game, which lets you farm, explore, own land, and flex NFTs, has seen its native token, PIXEL, rise by 32% in the past week.

But, let’s not jump the gun just yet. Crypto analyst Ran Neuner recently discussed the challenges of picking winning crypto gaming tokens, noting that most haven’t matured into anything significant yet. However, he did mention being bullish on Immutable’s IMX token and BEAM, which have both seen recent price jumps.

While the start of 2024 looked promising for Web3 gaming, some setbacks did occur. Kwon pointed out that many tokens launched prematurely without a strong product foundation, emphasizing the importance of prioritizing product and utility in the industry.

And if you’re dreaming of becoming a full-time gamer, you might want to reconsider if you’re not prepared to put in the hours. According to Web3 gaming investor Josep Rust, full-time gaming requires serious dedication, skill, and grind.

But fear not! There are plenty of ways to get involved in the gaming industry beyond playing, such as investing, creating content, designing games, or managing communities. The demand for talented game designers is on the rise, so there’s something for everyone in the exciting world of Web3 gaming.

In other news, a new tap-to-earn mobile game called Chiliz Farm Tap claims to turn you into a real farmer with just a few taps on your screen. While it might not be the most realistic farming experience, it’s always worth giving fun games a try!

So, as the crypto market heats up, keep an eye on those gaming tokens and remember to prioritize product quality and utility. Who knows what exciting developments lie ahead in the world of Web3 gaming!