TLDR
- The Web3 Gaming Summit 2023 brings together industry pioneers, highlighting the rapid growth of Web3 gaming.
- The overwhelming interest with over 4,000 registrations highlights the industry’s enthusiasm for Web3 games.
- Experts highlight the importance of fun, security and multi-chain integration for the future of Web3 gaming.
The Web3 Gaming Summit 2023, held September 11-12, was a groundbreaking event that brought together gaming enthusiasts and pioneers in the Web3 gaming world. Co-organized by ABGA (Asia Blockchain Gaming Alliance) and DeGame, this summit marked a pivotal moment in the evolution of the video game industry.
Under the theme “New Era for Gameplay,” the summit aimed to chart the future of Web3 gaming. It provided a platform for personalities, developers, investors and enthusiasts from the global Web3 gaming community to share ideas, strategies and tools for the development of the industry.
The response to the summit was massive, with over 4,000 registrations and an actual attendance of over 4,300. This enthusiastic participation highlighted the video game industry’s keen interest in Web3 games and the high expectations surrounding the ‘event.
Day 1: Prepare the ground
Presentations and panels
The summit officially kicked off at the Marina Bay Sands Hotel in Singapore, with morning sessions focused on the Linea gaming ecosystem, hosted by Linea, DeGame and Particle Network. The afternoon saw ABGA and its collaborators host the hackathon final, showcasing innovative gaming products from the top 10 teams.
Insights from industry leaders
Throughout the day, experts from the Web2 and Web3 sectors shared their perspectives. Topics ranged from blockchain technology in Web3 games to the transition from Web2 to Web3 games. Steve Good, CEO of Dreams Quest, revealed an open-world action-adventure RPG game, while Carol Wang, co-founder of Mars Protocol, discussed Ethereumcentralization problems.
Laying the foundations of Web3 gaming
Lester Li, founder of DeGame, highlighted the evolution of Web3 gaming infrastructure, driven by dedicated blockchain gaming engines, improved efficiency and reduced transaction costs. He also predicted rapid growth in the Web3 games market.
Day 2: Innovation and discussion
Broadened horizons
Hara, CEO of Jasmy Labs, presented the main goals of the Jasmy platform, including building a layer 2 Jasmy chain based on Ethereum for improved scalability. Jake Liu, CFO of Planet Hares, discussed extending game lifecycles via Web3 mechanisms, with a focus on token economics and dual-token models.
Bringing Fun to Web3 Games
Henry Ferr, Chief Marketing Officer of MetaCene, emphasized the importance of making Web3 games enjoyable and competitive compared to mature Web2 games. Karen Kao, CMO of BoxTradEx, introduced BoxTradEx, a unique Web3 gaming portal offering various features including token trading and NFT markets.
Multi-chain infrastructure
Jae Kim, BD Director at Luniverse, explained how blockchain games can benefit from multi-chain infrastructure, allowing developers to deploy applications across multiple blockchain networks.
Create value for players
Yawn, co-founder of STEPN, highlighted the importance of hyper-socialization in the next phase of Web3 gaming. He also highlighted the need to address the infinite lifecycle of NFTs and reduce barriers to entry.
Improve safety and efficiency
Shukyee, CMO of Polyhedra, presented zkBridge, a technology that powers Web3 games with its trustless, secure, efficient and scalable solutions. It can also link Web2 and Web3 systems.
Continued Value for Players
Sami CHLAGOU, CEO of Cross the Ages, discussed how “Cross the Ages” provides continued value to players and the challenges of transitioning from Web2 to Web3 gaming.
Roundtables: Exploring the Future of Web3 Gaming
From infrastructure to community
The first panel discussed the future of Web3 games, with a focus on gaming wallets, NFT standards, and the need for playable games.
Ideal for blockchain games
The second roundtable discussed the best game genres for blockchain games, focusing on the complexities, barriers to entry, and growing value of digital collectibles.
Venture capital application for Web3 games
The third roundtable analyzed the demand for venture capital in Web3 games, addressing market sentiment, customer acquisition costs and overvaluation.
Public channels and the gaming ecosystem
The fourth roundtable explored how public chains can support the gaming ecosystem, with a focus on usability, governance and asset sharing.
Creator Boot Camp Launch
ThreeDAO has launched its Creator Boot Camp, with more than 50 creators ready to receive advice from industry leaders and embark on the Web3 journey.
The Web3 Gaming Summit 2023, co-hosted by ABGA and DeGame, concluded successfully, leaving the industry with valuable information and insights. It showcased the immense potential of the Web3 gaming industry and its transformative power. As Web3 gaming continues to evolve, it promises to bring more excitement and opportunities to gamers around the world, setting new standards for the future.
About ABGA and DeGame
ABGA, the Asia Blockchain Gaming Alliance, is dedicated to promoting the development of blockchain games, metaverse and NFTs. DeGame, the world’s largest NFT game aggregation platform, collaborates with various guilds, blockchains and gaming projects to deliver an innovative community experience. Together, they aim to drive the growth of the Web3 gaming industry.
The Web3 Gaming Summit 2023 showcased the rapid evolution of Web3 gaming and set the stage for its promising future. The industry is poised for further transformation, and ABGA and DeGame look forward to the next summit, where stakeholders will come together again to shape the future of Web3 gaming.
