"Ownership is a completely different paradigm. When your players and your customers own stuff, they tend to be sticky, just like if you buy a vacation home, you'll take all your vacations to your vacation home because you own it." - Robby Yung

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Introduction

‍In a riveting panel discussion at NFT Paris, industry luminaries delved into the intersection of Web3 and gaming, exploring strategies for user engagement and adoption. Led by moderator Emily Nicolle, the panel featured Roham Gharegozlou, Sébastien Borget, Aleksander Larsen, and Robby Yung, offering a wealth of perspectives on the evolving landscape of decentralized gaming.

Key Points:

1. Challenges of Adoption: The panelists acknowledged the challenges of adoption within the Web3 gaming space, citing cycles of attention often tied to crypto asset prices. While progress has been made, mainstream adoption remains a gradual process requiring sustained efforts.
2. Interoperability and Engagement: Interoperability emerged as a key theme, with panelists highlighting its role in driving user engagement and expanding communities. By enabling seamless interaction between different games and assets, interoperability fosters network effects and enhances user experiences.
3. Tokenomics and Incentivization: Tokenomics was discussed as a powerful tool for incentivizing user engagement and participation. While tokens can drive behavior, panelists emphasized the need for balance, ensuring that users feel valued beyond mere speculation or economic incentives.
4. Balancing Act of Retention: Unlike traditional Web2 games, Web3 gaming offers inherent stickiness through digital ownership. With users owning their assets, retention becomes less of a concern. Instead, the focus shifts to user acquisition and providing meaningful experiences that leverage ownership dynamics.
5. Creator-Centric Approach: The importance of a creator-centric approach was underscored, with platforms prioritizing support for creators and fostering collaborative communities. By empowering creators and rewarding their contributions, platforms like The Sandbox aim to drive long-term success and user retention.

Conclusion

‍The panel discussion illuminated the multifaceted landscape of Web3 gaming, showcasing innovative approaches to user engagement, retention, and community building. As the industry continues to evolve, strategies centered on interoperability, tokenomics, and creator empowerment are poised to shape the future of decentralized gaming, paving the way for a more inclusive and vibrant ecosystem.

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Watch the full talke here :