Reviving Markets | The Rise of Web3 Gaming

Abstract: The manuscript is a transcript of a Mega Space event organized by Shadowing, featuring guest speakers from popular gaming projects in the web 3 world. The speakers share their experience and insights on various topics related to the gaming industry, including character development, technology stack, marketing strategies, and the transition from web 2 to web 3 games. The focus of the event is on the importance of storytelling, thematic elements, and art in creating compelling games that resonate with players.

Highlights:

• The event features guest speakers from popular gaming projects in the web 3 world.
• The speakers share their experience and insights on various topics related to the gaming industry.
• The importance of storytelling, thematic elements, and art in creating compelling games is emphasized.
• Character development is a key aspect of creating games that resonate with players.
• Outsourcing technology stack and network stack can free up resources to focus on storytelling and thematic elements.
• Marketing strategies, including the use of a marketing company in Korea, are discussed.
• The transition from web 2 to web 3 games is explored, with a focus on the introduction of blockchain technology.
• The importance of specialization in the gaming industry is highlighted.
• The event is a fun and informative opportunity to learn from experts in the field.As we all know, the web 3 world is still in its early stages, and there are many challenges and uncertainties that come with it. One of the biggest challenges is the bear market that we are currently experiencing. The market is volatile, and it's hard to predict when the next breakout will happen. This uncertainty puts a lot of pressure on builders and founders who are trying to sustain their projects in this market.

During the event, one of the guest speakers raised an important question that every builder and founder should be asking themselves: does a turning point exist, or do we have to assume that the sustainable metrics we see today will exist for the next 12 months? This is a scary value proposition, but it's a question that needs to be addressed if we want to succeed in this market.

Building in a bear market is not easy, and it requires a lot of capital to sustain growth. However, it's important to remember that the bear market won't last forever. We need to stay focused on our goals and keep building, even when things get tough. As Toast Punk mentioned during the event, we need to have a speedy recovery and keep pushing forward.

One of the ways to show our value and capability as a team is through our products. Products are the biggest proof of what we are all about and what our project is all about. During the event, Roy from Shadow War shared their experience of building a web app called Shadownet. This app allows users to engage with evolving missions and rewards them with points. It's a great way to deliver lore without having to give people books to read.

Another important topic that was discussed during the event is the transition from web 2 to web 3 games. As Apple mentioned, we are currently living in an area where we are transitioning from web 2 to web 3 games. There isn't much difference between web 2 and web 3 games, except that web 3 games incorporate blockchain technology, which enhances transparency and market transactions in games.

In conclusion, the Mega Space event organized by Shadowing was a great opportunity for builders and founders to come together and share their experience and insights. We learned that building in a bear market is not easy, but it's important to stay focused on our goals and keep pushing forward. Our products are the biggest proof of what we are all about, and we need to continue to innovate and deliver value to our users. The transition from web 2 to web 3 games is an exciting time, and we need to embrace theopportunities that come with it. Blockchain technology has the potential to revolutionize the gaming industry, and we need to be at the forefront of this change.

As we continue to navigate the challenges of the bear market, let's remember to stay focused on our goals and keep building. Let's continue to innovate and deliver value to our users. The web 3 world is still in its early stages, and there are many exciting opportunities ahead of us. Let's embrace this change and work together to create a better future for gaming.

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