A Primer on Crypto Gaming
The Failures of Crypto Gaming
2021 was a great year for crypto gaming. Games like Axie Infinity averaged nearly $30M in daily NFT volume and reached over $10B in circulating market cap. Crypto gaming was hailed as the upcoming great equalizer, allowing gamers to own their in-game assets and earn and benefit from the games that they play.
As of date, this has not been the case. Over the past two years, crypto gaming has faced a crisis. Despite GameFi and crypto gaming related projects and funds raising close to a billion dollars in November 2021, there have been only a handful of games that have attracted users apart from mercenary capital, and have had sustained activity for longer than a few months.
Instead, most of the games that have "launched" over the past two years can be categorized into three segments:
- Games that never launch
- Games that launch, have early success but fail later due to a change in market dynamics
Boccaccio leads coverage on gaming, consumer apps, alt-L1s and modular ecosystems.
- The Failures of Crypto Gaming
- Games That Never Launch
- Games That Launch and Have Early Success, But Fail
- Games That Launch and Never Have Success
- Infrastructure Without Applications
- Narratives, and Assessing Game Economies
- Narratives
- Financialization and In-Game Economies
- Current Landscape
- Gaming Infrastructure
- Games
- Crypto Gaming Related Infrastructure
- Conclusion