Michael

[Michael @UnseenArc]

@zircuit @EthereumDenver @HF0Residency @FenwickWest @CryptoNomads_gm @masknetwork Best swag at EthD!

[Zircuit @Zircuit]

gmeow, we're at @EthereumDenver
> rsvp to hang w/ us feb 28 w/ frens @HF0Residency, @FenwickWest, @CryptoNomads_gm, @masknetwork
> booth 228 to putt putt for a cute cat plushie
> cool talks happening this week
> garfield testnet went live 👀

[Frankencoin @frankencoinzchf]

Hey @EthereumDenver crowd! 🧀

You guys LOVE cheese—so much that you overwhelmed us & @chain_security!

To give you a shot at our cheese wonderland, we’re running a little game:

RT & drop your favorite cheese in the comments for a chance to win!

https://t.co/6lmMzEYd7R

[Michael @UnseenArc]

@frankencoinzchf @EthereumDenver @chain_security Gruyère! Aged, preferably! Visited the town (gruyères) last year and fell in love with Switzerland. Happy to bring some bread from Lodough today too.

[Ronen Kirsh @ronenkirsh]

Three years ago, we launched Game7 with a bold proposal for the future of Web3 gaming, and we've learned so much along the way about what works and what matters.

Today we had to make the tough call to reduce our team size, despite the fact our team has been nothing short of amazing - because we've been trying to do too many things at once. We need to focus on what truly benefits our community.

The people leaving Game7 today helped build everything we have, and they're incredibly talented. If you're hiring, please reach out. We want to help them find their next opportunity and would gladly recommend them.

To everyone who's been part of Game7, past and present: thank you. Our mission to change the world is still the same - we're just changing how we get there.

[Game7 @Game7HQ]

70,000 gamers strong! 🥳

A huge thank you to our incredible community for making this milestone possible ♥️

🔜 100,000 gamers

[Ronen Kirsh @ronenkirsh]

I have a lot of respect for teams building infra to support web3 games. It is a challenging task to get right but worth the effort.

I meet many web3 teams taking shortcuts on standard engineering practices that were perfected decades ago.

Let’s adopt what works well and innovate on top of it. We need to mature the industry to bring real adoption.

This isn’t a comment about Streamflow specifically but to our common friends who are working tirelessly to accelerate the web3 gaming space. 🫶

[jacobc.eth @jacobc_eth]

It has now been 2 weeks since all customers of Evolve Bank (@getevolved1925) backed neobanks have been unable to access their accounts or funds, use cards, or leave their wretched bank.

I've had payments bounce. I know people who've literally become physically stranded or unable to make rent or mortgage payments because this bank abruptly cut off the bank accounts of countless people with no notice. It has been a week since a judge ordered your bank to restore customer fund access, and you've done nothing.

I will now begin loudly pointing out how evil this bank is on a daily basis, and I encourage everyone else to do the same.

[Game7 @Game7HQ]

TGIF!

We've rounded up all the latest news from this past week in case you missed it.

Check it out, and have a great weekend ❤️

[Game7 @Game7HQ]

https://t.co/PZPvUgoGND

[Michael @UnseenArc]

@G7_DAO A fantastic, objective report on the state of web3 gaming. Well done, Game7!

[Game7 @Game7HQ]

Game7 is excited to share our State of Web3 Gaming Report 🚨

Take a deep dive into -

🎮1,900 Blockchain Games
💰1,000 Funding Rounds
🧩170 Ecosystems
📅 2018 to October 2023

Insights on -
🔺Fundraising
🔺Competitive Dynamics
🔺Blockchain Networks

And much more!

Let’s explore👇

1/ Game7 Research 🔎

📊We are dedicated to advancing the Web3 gaming ecosystem, one meticulously researched report at a time.

📊We've found that existing research is frequently skewed or biased: our mission is to develop research that is intellectually honest, objective and credibly neutral.

📊Clean research and data will empower people to build and innovate with confidence.

👉We share our reports (for free) to support builders, so decision making is better, easier, and faster.

2/ Funding and Web3 Gaming 💰

🧩Investment in the Web3 gaming sector saw a massive surge in 2021 and stabilized in 2023, reminiscent of pre-bull market levels.

💵Since 2018, a staggering $19B has been funneled into Web3 gaming-related projects.

🧩The Web3 gaming market continues to grow, albeit slower after the 2022 market correction. Until Q3, blockchain gaming-related rounds reached $1.5B in 2023, with more than $800M being exclusive to Web3 gaming, while the rest was shared across multiple verticals.

💵US-based Web3 gaming projects have attracted more than $4B in funding, with France ($0.9B), Canada ($0.67B), Singapore ($0.67B), and Hong Kong ($0.66B) to follow.

🧩Sports ($1B), MMOs ($1B), RPG($0.7B), and Action ($0.3B) game genres have attracted the most funding since 2018.

3/ APAC & USA in the Lead 🌏

🌎APAC hosts the majority of Web3 game developers (40%), followed by North America (30%).

👉This year, half of the new games entering the space were based in Asia.

🌎30% of new Web3 gaming teams came from the USA, while South Korea contributed to 27% of Web3 gaming teams, almost doubling its contribution from last year.

👉The USA remains the largest market for Web3 game developers (30%).

🌎Other key markets include South Korea (12%), the UK (6%), Singapore (6%), Vietnam (4%), and Australia (4%).

4/ Web3 Gaming Blockchain Growth 📈

🔺In 2023, more than 81 new blockchain networks that target gaming were announced, growing by 40% YoY.

🟢The majority of Web3 games (81%) are using general-use L1 networks, with EVM sidechains marking a significant portion.

🔺L1 networks remained the clear preference for most games launched this year (75%).

🟢On the other hand, 51% of new networks were either a L2 (42%) or L3 (9%), mainly driven by the rise of Optimistic L2/L3 solutions.

🔺Application-specific networks, a new breed of blockchain networks for gaming, accounted for 43% of the newly launched networks this year, growing 84% YoY.

Want even more great insights❓

Download the Report Here 👉https://t.co/Do5Df1FF1S

And share with your network 👏🏼

[Michael @UnseenArc]

@sugartownmel Is there a story behind the Oras appointing you as Mayor of Sugartown? #sugartown

[Game7 @Game7HQ]

"Game7 did the research first..." - @griffgreen

After interviewing 100 developers for The Game Developer Report, we got to work, building products that address the industry's real needs. 🎮

2 of those products launched at @EthereumDenver! Watch👇🏽

cc: @HyperPlayGaming @summonhq

[Michael @UnseenArc]

"If you want to reward contributors, you have to first define what contributions are." -Josh Rio, #summon gamifying governance @G7_DAO

[Michael @UnseenArc]

@_LeonDo_ Played just a ton of 1-3 as a kid. Thank you for sharing this great article. Love this insight "...Then they started arguing over strategies. That’s my usual moment of clarity in game development. The moment QA is arguing over which strategy is best to win, you’re ready to ship."

[Michael @UnseenArc]

@jefftunn @BenLindbergh Thank you for sharing! Youngblood preserving the skiing mechanic is an incredible story. Tribes often felt player owned to me, what with the player written scripts, player hosted servers, custom skins and customizable UI. Some valuable lessons for those building in web3 today.

[Game7 @Game7HQ]

🚨 $100M Grant Program Launch 🚨

We are excited to announce the launch of our US$100M program dedicated to accelerating Web3 gaming!

Learn more below 👇

[Superlayer @superlayerio]

We're excited to see @KevinChou speak at the 2022 @GAM3R_FORUM!

Kevin will explore:
🟢 How we can bridge the gap between Web 2.0 & web3 community retention
🟢 How player behavior evolves in real-value game economies
🟢 Better business models for publisher-developer alignment

[Matt Dion @mdion_games]

Fully on-chain games continue to blow my mind 🤯