Web3 Gaming Investors Get Picky During Crypto Winter Insights from Animoca’s Robby Yung

Crypto Winter Web3 Gaming Investors Becoming More Selective - Insights from Animoca CEO, Robby Yung

Investing in Web3 gaming has become a wild roller coaster ride in the cryptocurrency world. You see, it’s like navigating through a testing cryptocurrency bear market, where every twist and turn requires a greater level of due diligence. But fear not, my fellow digital asset investors, for Animoca Brands CEO Robby Yung has some insights to share with us.

During his speech at the European Blockchain Convention in Barcelona, Yung, who is also the co-founder of The Sandbox, a popular Metaverse platform, emphasized the need for more robust check-boxes when considering Web3 gaming investments. It’s like he’s saying we need to wear a helmet and knee pads before diving into this crazy virtual world.

According to Yung, finding the perfect investment proposition in the Web3 gaming realm involves a mix of passionate teams with specific skill sets who are building product ideas that have a clear market fit. You know, it’s like creating the perfect recipe for a digital feast! However, in this crypto winter and economic downturn, investors have become pickier than ever before. Capital is scarce, my friends, and we can’t just throw it at any project that comes our way. It’s like being stranded on a deserted island with only a handful of coconuts—every decision counts!

But fret not, for Yung also brings good news. He mentioned that the stage of development of prospective projects that Animoca Brands considers investing in is typically more mature now compared to the earlier standards. So, it seems we’re evolving from cute little crypto babies to serious Web3 warriors. It’s like watching a butterfly emerge from its cocoon and spread its digital wings.

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Investors, however, are not an easy bunch to please. They demand tangible progress—no smoke and mirrors here. You gotta have an alpha build, and ideally, some user testing to back it up. In this market, a business plan alone won’t cut it. It’s like running a marathon in high heels—you better have the stamina to finish strong!

Yes, my dear readers, times have changed. Deals are being made left and right, proving that companies can still raise money even in this challenging landscape. However, as Yung admits, there has been a flight to quality. It’s like a swarm of locusts descending upon the most delicious crops—only the best projects survive.

Now, let’s talk about user acquisition, shall we? It’s a hurdle, my friends. A big, towering hurdle in the Web3 gaming space. Yung points to the distribution of games as the main culprit. It seems mainstream gaming platforms are like the cool kids at school—they’re hesitant to embrace anything with Web3 infrastructure. They’re all like, “Sorry, dude, we don’t play with those geeky decentralized toys.” It’s as if they’re afraid their precious business models will crumble if they let Web3 in. But let’s not judge them too quickly, because Yung believes they just need a little nudge in the right direction.

According to our wise Animoca Brands CEO, mainstream players are uncertain about the implications of including Web3 infrastructure in their offerings. They don’t quite understand the power of this new world and the possibilities it holds. It’s like denying entry to the coolest party in town because you’re afraid your dance moves might seem outdated. But fear not, my gaming comrades. Yung is adamant that we need to engage with the Web3 community and find solutions that cater to the wider gaming market. Together, we can break down these barriers and create a gaming world that embraces all the wonders of Web3!

So, my dear readers, there you have it. Investing in Web3 gaming is not for the faint of heart. It’s a wild ride filled with opportunities and challenges. But with the right mix of due diligence, passion, and a sprinkle of Web3 magic, we can pave the way for a gaming revolution!

Now, go forth and conquer the digital realm, my friends! Happy investing!

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