Bankless 96 - Web3 Gaming 101 | Amy Wu
Dec 13, 2021
Amy Wu, a Partner at Lightspeed Venture Partners specializing in crypto and gaming investments, dives into the world of crypto gaming. She explains why this space matters, covering everything from casual gaming to emerging titles like Axie Infinity. The discussion emphasizes the significance of gaming guilds, the concept of play-to-earn models, and the challenge of merging traditional gaming with decentralized tech. Wu also explores community engagement and the evolving player experience, shedding light on what makes this revolutionary landscape so intriguing.
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Mini Royale's Community Approach
- Mini Royale, a Lightspeed portfolio company, used a bottom-up approach with their community.
- They explained Web3 concepts without jargon, resulting in positive reception and community-driven translations of their whitepaper.
Focus on Earning, Not Buying
- Shift the focus from selling NFTs to enabling users to earn them through gameplay.
- This aligns incentives and resonates better with players who value in-game rewards.
Gaming is About Fun, Not Earnings
- Gamers primarily play for fun and community, not earnings.
- While earning potential can be an added incentive, it shouldn't overshadow the core gaming experience.