"When we stop talking about infrastructure, tokens, and NFTs, and simply embrace gaming, that's when Web3 gaming will normalize." - Michael Lee

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Introduction

‍In a thought-provoking session at NFT Paris, a distinguished panel of experts delved into the realm of sustainable Web3 gaming, shedding light on its significance, challenges, and promising prospects. Led by the dynamic moderator, Michaela Lallouz, the panel featured Michael Lee, Alexandre Matsuo, Laurin Bylica, and Benas Baltramiejūnas, offering a wealth of insights into the evolving landscape of decentralized gaming.

Key Points

1. Defining Sustainability: The discussion began with a nuanced exploration of sustainability, drawing parallels from the foresting industry where sustainability entails replenishing resources at a greater rate than they are consumed. Similarly, in Web3 gaming, sustainability is about cultivating an ecosystem where players thrive and actively contribute to its growth.
2. Redefining Web3 Gaming: Panelists emphasized the need to redefine the narrative surrounding Web3 gaming, moving beyond the buzzwords like "play-to-earn" towards a more holistic approach centered on community-building and ownership. By reframing the conversation, the industry can attract a broader audience and foster long-term engagement.
3. The Role of Ownership: Ownership emerged as a central theme, with panelists highlighting its transformative potential in Web3 gaming. By enabling players to truly own their in-game assets through NFTs, Web3 gaming transcends traditional models, fostering deeper connections and incentivizing active participation.
4. Business Model Innovation: Reflecting on the evolution of gaming business models, panelists underscored the importance of innovation in driving the success of Web3 gaming. While "free-to-play" revolutionized the mobile gaming industry, Web3 gaming awaits its defining business model—one that seamlessly integrates blockchain technology while prioritizing user experience and fun.
5. Challenges and Opportunities: Despite the optimism surrounding Web3 gaming, challenges remain, particularly in bridging the gap between early adopters and mainstream users. However, panelists expressed confidence in the industry's potential to overcome these hurdles, pointing to ongoing developments and the gradual normalization of blockchain technology.

Conclusion

‍The panel discussion offered a compelling glimpse into the future of Web3 gaming, highlighting its transformative potential and the collective efforts needed to realize it. As the industry continues to evolve, fueled by innovation and community-driven initiatives, Web3 gaming stands poised to redefine the gaming landscape, offering immersive experiences where players truly own their digital destinies. With a shared vision of sustainability and inclusivity, industry stakeholders are paving the way for a new era of gaming—one where fun, ownership, and community thrive in harmony.

As the curtain falls on NFT Paris, the insights gleaned from this enlightening discussion serve as guiding beacons for all those invested in the future of Web3 gaming. Let us embark on this journey together, fueled by passion, innovation, and a collective commitment to building a brighter, more sustainable gaming ecosystem.

Watch the full talk here :