Web 3

We’re Not Saying Web3 Gaming and Social Is the Future…but This Is a Positive Indicator

June 12, 2023

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We’re noticing a pattern…there’ve been seven funding/growth bulletins within the Web3 gaming/social house, previously seven days (with $45M raised).
We’re not saying it ensures that Web3 gaming and social will obtain mass-market adoption…however it’s a optimistic indicator.

Going to an Ivy League college would not assure success.

…however it appears to be like good on a resume.

The identical means that heightened funding/growth in a selected market sector does not imply the house goes to take off.

…however it’s a optimistic indicator.

Of late, we have observed a pattern in Web3 funding and growth – or a minimum of, a pattern in information tales about Web3 funding and growth…

So, the place’s all the cash and sweat being poured in Web3?

In line with the headlines, it is gaming and social.

This is a fast hearth run-down of bulletins/developments which have been made previously week:

Ava Labs launched Avalanche Arcad3, which helps conventional recreation makers construct Web3 video games.
HyperPlay, a platform for accessing Web3-native video games, simply raised $12M.
Fractal introduced the launch of FStudio, a code-free means for builders so as to add Web3 performance to their video games.
Argus Labs desires to construct an Ethereum pleasant gaming blockchain (and simply raised $10M to take action).
Zebedee simply launched a Twitter different that pays customers for each ‘like’ they get on a put up.
PairedWorld desires to fight loneliness by rewarding on-line communities for hanging out IRL (bizarre, however okay).
Lens simply raised $15M to proceed constructing its imaginative and prescient of Web3 social media.

All that in seven days (!).

Certain, it would not assure that Web3 gaming and social will obtain mass-market adoption.

…however it’s a optimistic indicator.