Web3 Gaming’s Mainstream Mirage: Can DAOs and Tokens Crack the Code—Or Is It All Hype?
Decentralized gaming promised revolution—player-owned economies, DAO-governed worlds, and tokenized rewards. But three years after the hype peaked, Web3 games still can’t shake their niche status. Here’s why: Sky-high tokenomics expectations crash into brutal player retention numbers. Governance debates stall development while traditional studios eat their lunch. And let’s be honest—most ’play-to-earn’ models still smell like thinly veiled Ponzi schemes for VCs to dump bags on retail. The tech’s innovative, but until fun trumps financialization, don’t hold your breath for that ’Fortnite moment.’