What ingredients are needed for a successful Web3 game?

One of the major themes of GamesBeat Summit 2023 was the potential of blockchain and Web3 games — and one of the panels from the first day discussed what the next successful Web3 game will contain. It also covered the challenges a Web3 game will face before it can succeed. GamesBeat’s Dean Takahashi moderated the panel. Urvit Goel, VP and head of global business development at Polygon Labs; Serhat Maraşlıgil, COO of Boomland; and Peter Kieltyka, CEO and co-founder of Horizon spoke on the panel’s topic.

All of the panelists discussed some of the advantages of developing for Web3 and the benefits it offers the gamers. Kieltyka said that Web3 unlocks new forms of any game and changes the gameplay experience. He added, “Why do players buy items? They buy items right now for utility, status and the pleasure of collecting. With the introduction of Web3, you look for additional motivators: This thing might have value, or there might be a resale market. Or there’s a persistent profile, a history of everything you’ve done.”