How Web3 Games Work - and Sadly Don't

Explore the successes and failures of Web3 games in this GDC 2022 session presented by Alliance's William Robinson. Delve into the controversial aspects of Web3 gaming, including pyramid schemes, play-to-earn models, and NFTs, while also examining the innovative approaches taken by independent developers and technologists who are creating games without traditional monetization methods. Gain insights into the potential of Web3 technology in gaming, understand the complexities of blockchain and cryptocurrencies like Bitcoin and Ethereum, and learn about the challenges and opportunities presented by NFTs in the gaming industry. Analyze case studies of Web3 games, including Axie Infinity and Ubisoft's initiatives, and discover how concepts like interoperability and composability are shaping the future of gaming. Evaluate the differences between blockchain and traditional databases, and consider the true value of players in the evolving landscape of Web3 gaming.