9 (spicy) thoughts on the current state of web3 gaming, founder pov:
1. teams have done way more lying to their "community" than the other way around, don't blame users, blame teams who've spent years larping as visionaries to generate speculative hype for their unoriginal and uninspired web2.5 games just to unload max-extractive vaporware tokens onto players
2. limitbreak hasn't shared a single detail about their game since their $200M VC raise in 2022 likely because Gabe learned the hard way royalties aren't enforceable for offchain games (web2.5) and has scrambled since to "solve" that by shipping pseudo "ERCs" that are just centralization with extra steps
3. one of the clearest signs of web3 gaming evolving is the (continual) decline of web2.5 games token/asset prices as the market matures in realizing these games offer zero actual compelling web3 experiences nor seem to intend to, thankfully it seems the tokenomics pie-chart shuffle of "find-the-team" is dying
4. web2.5 (offchain) games will always death spiral and fail attempting to create sustainable virtual economies, actual web3 (onchain) games at least have a chance but majority will still likely fail as most teams refuse to understand basic economics
this is ultimately a good thing lmeow
5. the harm the term "tokenomics" has done to this space in convincing people that crypto tokens are somehow magically detached from actual economics has set the whole space back years and it's still dragging us down
6. any teams shocked their answer to their community's negative sentiment wasn't selling even more PFP NFTs, vaporware game tokens/assets, and adding inflationary staking mechanisms to slow selling is maliciously incompetent and has zero genuine interest or real vision in building an actual good game
7. any team who thinks the future of web3 gaming is casual mobile slop with virtual economies should be soul-bound to SBF's jail cell and exiled from this space
8. if you're buying a web2.5 gaming token in 2025 for anything other than looking to dump it on a greater fool, beg your parents for a conservatorship or admit yourself to into a mental institution
9. (most) VCs will keep only funding pie-chart shuffle vaporware tokenomics until dumping on users stops working, which is why every web3 game ends up basically forced to copy/paste the same broken token model that has a multi-year 100% failure rate
(bonus) 10. onchain games so far have shown about as much originality and creativity as the endless slopfest of web2.5 knockoffs and the "autonomous worlds" psy-op narrative set them back years
o7
@gamblinglamb It is an app that will drip small amounts of a crypto token to users in order to help them test out a network. Generally used for testnets now rather than live networks, if there is any real value attached to the tokens it is either very small or locked behind some sort of task.
We spotted some interesting activity by Arrington XRP Capital on @ether_fi
1. minted 5k $eETH and sent this across 10 wallets (500 $eETH per wallet) last month
2. claimed $ETHFI in each wallet (total: 200,498) and sent funds to another address
3. sent all $ETHFI to Binance 😬
@MagusDevon@WizBubba@clustersxyz I think they're slowly rolling out functionality across the whole platform but this comment implies that users can sell into other user's bids on their names.
@0xfoobar "every name should go to someone who's going to actively use it"
Is this something that will just be tackled with demand based recurring pricing or is the team looking at other mechanisms to discourage hording/inactive names?
Depending on how many Eigen Points you had, you qualify for more $ALT tokens.
Highest Tier is +50,000 Eigen Points, minimum points required: 720. Check your points here: https://t.co/Bj631olHNS
We're excited to share we have raised a $3.3M Seed Round led by 1kx, with participation from Shima Capital, Hashed, Matchbox DAO, Ready Player DAO, and several angels!
Read on to learn how we approached funding the creation of a decentralized world.
@buitrago91 Thank you, I was hoping to get some varied outputs on the four and it certainly delivered. I hadn't minted anything in a while so this was a fun one. All the best!
@chonkychow@cdwk0 I tend to think that a high quality wallet would be in the top 10-20% of different metrics like transaction amount, transaction volume, bridge volume, etc.
The point being made is with 1.4 million wallets something will need to be done to cull down on the Sybil attempts