Bitkraft Ventures Bullish on Long-Term Prospects of Blockchain Gaming Despite Market Cycles

Blockchain gaming has weathered multiple hype cycles since CryptoKitties dominated headlines in 2017, followed by breakout titles like Axie Infinity and Gods Unchained. While casual observers might interpret the current lull as sectoral decline, Bitkraft Ventures maintains a contrarian optimism.

"Not only is it not dead, but its future is as bright as almost any category," asserts Matt Halstead, newly appointed partner at the venture firm. Bitkraft’s gaming portfolio spans both Web3 pioneers like Immutable and Yield Guild Games alongside traditional giants including Epic Games.

The investment thesis hinges on strategic patience. Halstead cautions against premature monetization strategies that could stifle ecosystem development, mirroring lessons from mobile gaming’s evolution. Bitkraft’s dual exposure to Web2 and Web3 infrastructure suggests a deliberate bridging strategy between gaming paradigms.