Consumer Web3
Recap Video
During the Web3 Investor Day 2024, a panel on Consumer Web3 was moderated by Christopher Liquin, Founder and CEO of Cupcake. Panelists included Anton Umnov, Founder and CEO of Helika, John Smedley, CEO of Fusion Point Studios, and Kyu Lee, Chief Business Development Officer of Com2us Corporation and CRIT Ventures.
Evolution of Web3 and Gaming
The conversation opened with a reflection on the shift from Web1 to Web3, emphasizing the transformative power of digital ownership. The panelists discussed how Web3 introduces new layers of ownership in the digital realm, enabling users to truly own and trade assets in games and other online environments.
John Smedley highlighted how Web3 builds on the concept of in-game ownership, allowing players to not only acquire virtual assets but also sell or hold them, thus expanding engagement in both games and the broader digital world. Kyu Lee noted that the future lies in bridging the gap between Web2 and Web3 through a gradual adoption of blockchain features, starting with small integrations into existing gaming structures.
Challenges and Opportunities in Web3 Gaming
The panelists acknowledged the challenges developers face in introducing Web3 features into games, particularly around the high entry barriers and the need for seamless user experiences. Anton Umnov shared insights from Helika’s work in data analytics, emphasizing that the complexity of Web3 gaming requires careful testing, iteration, and balancing of game mechanics and token economies.
AI and Web3 Innovation
The conversation also touched on the role of AI in revolutionizing gaming, with panelists highlighting its potential to streamline content creation and enhance player experiences. AI is being used for everything from designing levels to personalizing user rewards, helping developers reduce costs and create richer, more engaging worlds.
As the panel concluded, the consensus was that Web3 gaming is still in its early days but holds enormous potential for both developers and consumers as adoption grows and technology evolves.
