Web3 Gaming: Unleashing Real User Value
The rapidly changing Web3 environment is increasingly turning its attention towards providing tangible value for its users. Key industry figures are advocating for a shift away from a focus on speculative assets towards more practical applications that can enhance user experiences and offer sustained benefits. At the Proof of Talk 2024 conference held in Paris, a panel titled “Unlocking Real-World Value in Web3” highlighted this shift. The panel included Arron Goolsbey, president and COO of Mythical Games, Mickey Maher, chief business officer of Project Liberty Labs, and Ingo Ruebe, founder of KILT Protocol, all of whom supported the notion that emphasis should be on user experience and long-term value.
These industry leaders believe that prioritizing the needs and experiences of users will revolutionize various sectors, particularly gaming and social media. They underscored the robust potential of blockchain technology to facilitate these changes. Their collective insights suggested a promising future for Web3, emphasizing its ability to create meaningful value for users across different industries.
During the conference, Goolsbey expressed an optimistic view of the future, describing the current period as an exciting time to be part of the industry. When discussing the potential of games to foster mass adoption of Web3 technologies, he remarked on the immense potential for the industry to deliver significant value to mainstream users. He sees gaming and interactive entertainment as pivotal sectors for advancing this progress.
Maher highlighted the underutilization of Web3 technologies such as blockchain, pointing out that much of the current discussion tends to revolve around memecoins. These tokens, often representing anything from animals to political figures, seem to pop up almost daily. While Maher acknowledged that memecoins are currently a popular and undeniable trend, he also suggested that they represent a very narrow aspect of the industry.
Drawing a parallel to the iPhone, Maher pointed out that using blockchain solely for memecoins is akin to using an iPhone only for social casino apps. He believes this significantly underutilizes the technology’s potential. Maher proposed that the industry should focus on creating the blockchain equivalents of transformative applications like Uber, Instagram, and Snapchat, rather than limiting its scope to a niche category.
Goolsbey used Uber and Instagram as examples of applications that deliver significant value to their users. Whether it’s sharing photos with a global community, promoting small businesses, or accessing ride-share services at any moment, these apps have proven extremely useful. Goolsbey believes that while the technology in the Web3 space is incredible, the focus should now shift towards delivering more value to end users.
In the context of gaming, Goolsbey emphasized that the primary concern is the experience of the players and the long-term value generated from their interactions. He stressed that the technology has the potential to extend the durability of gaming experiences, benefiting both users and developers. This approach, he argued, is advantageous for players, game developers, and content creators alike.
According to Goolsbey, there is much more that the industry can achieve by focusing on ensuring that technology strategies are oriented towards generating value for users. Concretely, he pointed out that there are nearly two billion gamers engaged in gamified economies within high-value experiences, mainly within a Web2 framework. This consumption-based model limits what users can do with their investments once they stop participating.
He suggested that the Web3 model can transform this dynamic, enabling users to not only pay and play but also to curate their gaming experiences. When they move on to another game, they can seamlessly transfer their curated assets to other interested players. This open, curated system, which Goolsbey called an “open garden,” would offer a significant improvement over the closed ecosystems that currently dominate the gaming industry.
The discussions at the conference highlighted the industry’s shifting focus towards creating real-world value for users. By leveraging the capabilities of blockchain technology, the Web3 space has the potential to drive substantial advancements in user experience and deliver long-term benefits across various sectors. The panel’s insights painted an encouraging picture of the future, one where technology truly serves the needs of its users.
27 thoughts on “Web3 Gaming: Unleashing Real User Value”
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This shift towards more practical Web3 applications is so exciting! The potential for meaningful user experiences is limitless.
Goolsbey is right, gaming and interaction are key to mass adoption. Here’s to a future where Web3 tech serves the people!
Gaming might be a good gateway, but what about the countless failed Web3 gaming projects?
Such an empowering read! Shifting towards practical, value-driven Web3 technology is the future. Excited to see what’s next! 🌍✨
Major kudos to the visionary leaders at Proof of Talk 2024! Real-world value is where Web3 truly shines. Here’s to transformative applications ahead!
Maher’s analogy with the iPhone is spot on! There’s so much untapped potential in Web3 tech. Looking forward to groundbreaking applications. 📱🔗
A transformative shift in Web3 is on the horizon, thanks to the focus on real-world value. Excited to see where this leads us! 🌟🚀
Such an inspiring read! It’s about time we prioritize long-term value over speculation. Can’t wait to see how Web3 transforms gaming and social media! 🕹️📱
Goolsbey’s ‘open garden’ concept is incredible! A future where users have more control and value is certainly promising.
Why are these industry leaders only now realizing that focus should be on user experience instead of memecoins? Feels like a late awakening! 😒
I’m skeptical. Web3 has been around for a while now, yet we still see a lot of speculation rather than real progress.
The idea of transferring curated assets between games sounds great but is it even feasible? So much red tape!
User experience? Most Web3 interfaces are still clunky and not user-friendly at all. Good luck getting mainstream adoption.
Love seeing the industry focus on real value rather than just hype. Excited for new, meaningful blockchain applications!
Arron Goolsbey and Mickey Maher nailed it! Web3 is so much more than memecoins. Excited for the future of value-driven applications.
Absolutely thrilled about the new direction of Web3! Putting users first and creating lasting value is the way to go. 🌐👏
Absolutely love the focus on tangible user benefits in Web3! This shift will bring about significant and meaningful changes. 🚀🌍
Seems like another round of lofty promises that won’t meet up with reality. Skeptical until I see real-world applications.
Insightful discussions at Proof of Talk 2024! The shift to real-world value is a game changer for Web3. So excited for what’s ahead!
Honestly, this feels like another buzzword-filled talk. What tangible value are we really getting here?
The emphasis on user experience is really inspiring. Web3 has the potential to redefine how we interact with technology. Kudos to the panel!
They keep comparing Web3 to transformative apps like Uber and Instagram, but Web3 isnt even close to delivering that kind of impact right now.
Ingo Ruebes insights are spot-on! Web3 can revolutionize our engagement with technology by focusing on user value.
Web3 focusing on user benefits and long-term value is the future we need! Can’t wait for practical applications to take center stage.
Totally agree with Goolsbey on the power of gaming in Web3! Excited for new experiences that prioritize user value.
This panel seems to be out of touch with the actual issues plaguing Web3, like scalability and user retention.
Focus on mainstream users? Half of the people I know can’t even explain what blockchain is. Good luck with mass adoption. 🤷♂️