We’re still very bullish on Web3 catching up to traditional gaming. And here’s why:

1️⃣ Technology and innovation always push forward. At the onset of the GameFi rave, the focus was primarily on incentivized gameplay through crypto-based economies. This quickly evolved into several attempts at designing sustainable economic models to strengthen narratives around microtransactions and play-to-earn models.

2️⃣ However, Web3 gaming today more closely mirrors traditional gaming structures. The focus has shifted back to basics: prioritizing fun gameplay with captivating designs and content, true ownership through NFTs, and efforts to integrate seamless crypto microtransactions via account abstraction and scalable infrastructure. While it may take time to fully onboard billions of gamers worldwide, the narratives are growing stronger already.

3️⃣ Ultimately, the key to success lies in creating sustainable business models that reach the right audience while upholding the core ideals of Web3 in gaming.

This is exactly what Param Labs strives to achieve—ensuring both gamers and developers derive more value from their gaming experience.