Where Web3 games have gone wrong — and how to fix it
Web3 is struggling to shake off the connotations associated with Play to Earn. What needs to change in order to turn skeptics around? The world of crypto and Web3 is fast-moving, with new trends emerging all the time. However, the industry has a bit of a problem when it comes to public perception. Figures from Pew Research Center suggest that among Americans who have heard about cryptocurrencies, 75% are either not very or not at all confident in their safety and reliability. While there has been no shortage of innovation across this vibrant sector in recent years, some misconceptions have continued to stick. Nonfungible tokens (NFTs) hit headlines worldwide after rare pieces of digital art began changing hands for millions of dollars. This led to a narrative that all NFTs were expensive — but in actual fact, the average revenue per user stands at just $114.80. Away from eye-watering prices for CryptoPunks and Bored Apes, many crypto collectibles are being sold at far more affordable ...