# What is the future of web3 gaming?

**Published by:** [Durwin](https://paragraph.com/@durwin/)
**Published on:** 2022-12-22
**URL:** https://paragraph.com/@durwin/what-is-the-future-of-web3-gaming

## Content

Zed Run raised $20M in Series A and brought horse-racing to web3.When people ask me what is the future of web3 gaming, I think the answer isn’t so clear. Web3 gaming has morphed into a whole different animal. It no longer is about the game, narrative, storyline, animation, graphics, characters, but rather the tokenomics, points, coins and economics of the game. Play-to-earn (p2e) games in crypto are hot. It kinda took the world by storm. Stepn is one such example, you basically record your daily steps and level up your shoes.Stepn was all the hit when it first debut, allowing users to make $ while walking.So technically its more “move-to-earn”. Level up your shoes, make them rarer, sell them for more profits. It was a huge hit during the bull market in crypto last year. “The Solana-based move-to-earn application amassed $122.5 million in profits through its platform fees in Q2 2022.” For a startup, that’s pretty impressive numbers in a single quarter. Naturally, a whole string of similar clones started flooding the market and users suddenly were inundated with options. Step, Sweatcoin, MoveZ, Aglet, DotMoovs, Dustland Runners, Genopets and even Sexn.And you thought it was a joke eh?All basically the same idea, you move to earn coins, level up, get better stuff, sell them to make moolah and repeat. Yea sure, p2e games are cool, but when you attract users who are there mostly for the quick profits, they tend to migrate from one game to another once the hype dies out. Let’s see more examples shall we? Pegaxy is a play-to-earn crypto game that has risen above the rest in recent times.Pegaxy took a leaf from Zed Run and crushed it, with better marketing and improving on the flaws of Zed Run.“Pegaxy would quickly become one of the hottest games in the P2E space. It also taught the fledgling game studio a lot about what does and doesn’t work — and how to deal with a flawed product and crashing token prices. While the game has fallen from the peak — like many of its P2E peers have — around 53,000 people still play Pegaxy weekly, according to DappRadar, a platform specializing in decentralized apps.” Zed Run is another digital horse racing game in the crypto world. It reported $30M in revenue in 2021 since launching in 2019. I’m pretty sure Zed Run was the OG and Pegaxy took some inspiration from them. Of course, it crypto winter now and nobody is making money, maybe except exchanges who basically sells spades during the gold rush, and makes money regardless. Naturally, all the tokens and coins of web3 games crashed hard.Warcraft captured the world with its immense storyline, well thought-out gameplay and deep character building.If you zoom out for a moment, during a bear market, people get fearful and will take their money and investments out from the places they have the least confidence and faith in. Games fall squarely in that category and all the liquidity drained out quickly as crypto winter creeps on. I think the future of web3 gaming will be in the hands of great storytelling games. Games that will enthrall, excite and allow users to immerse deeply into the storyline. Take a leaf from the unfathomably successful web2 games like Diablo, Sonic, Zelda, Mario, Starcraft and Warcraft.Today, the same number of days (4501) have passed since the Starcraft 2 release compared with the time between Starcraft 1 and Starcraft 2.They didn’t have confusing tokenomics and fancy coins to lure users in. They did it with rich storytelling, well developed characters and highly immersive graphics that absolutely captivated millions of fans for decades. So there could be a situation where great storytelling meets sound tokenomics and viola! You get the next best thing in web3 gaming. Will it be a web2 game that manage to imbue their game with utilitarian tokenomics that is sensible. Or will it a web3 game that manage to enrapture its users with superb storytelling. Let’s see who gets there first. - Are you excited about the future of web3 gaming? - #startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #storytelling #nft #games #web3 #tokenomics #web2 #games

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