Robby Yung, the CEO of NFT and web3 gaming giant Animoca Brands, believes that the adoption of games leveraging blockchain is “not as far away as we might think” while asking the community to consider what it means to be a “web3 game.”
Yung discussed the emerging world of web3 gaming at Blockdown ’23 in Portugal, urging industry players to reassess their understanding of success in the field and underlining the importance of technology, community, and liquidity.
The Animoca CEO highlighted the need to view blockchain environments as communities rather than technology platforms. According to Yung, it is crucial to consider these blockchain environments as communities where the symbiotic relationship between technology, community, and, as he put it, “liquidity” is realized.
During a thoughtful discussion with moderator Erhan Korhaliller, who is the CEO of EAK Digital, Yung explored the idea of an “open metaverse,” which is a key concept in web3 gaming. He stressed that
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