‘Much more appealing’ than just collectibles: Web3 gaming’s potential

Gaming developers must find a way to utilize crypto levers to make Web3 gaming more exciting, Argus Labs CEO Scott Sunarto said


Mike Meyers/Unsplash modified by Blockworks


Despite the market downturn, Web3 gaming has been receiving ongoing interest from investors in the blockchain technology space. 

According to a report by DappRadar, of the $297 million invested, the majority of these funds are being funneled into gaming infrastructure. 

In fact, blockchain gaming itself made up roughly 41% of all on-chain decentralized app (dapp) activity in July, DappRadar notes

Read more: Blockchain gaming sees $300M summer funding boost

In an interview with Blockworks, Framework Ventures co-founder Vance Spencer noted that gaming has been a particularly large narrative in Asia.

“The US has more NFT, culture and DeFi – Asia is the real gaming end market,” Spencer said. 

Gaming is unique because there are no rules preventing people from making a fun crypto game, Spencer said.

This sentiment is shared by co-founder Michael Anderson, who notes that crypto games need just a few more iterations before seeing mass adoption.

“Imagine a world where you have two games. They have the exact same experience, but one of them has ownership. Which one are you going to play?” Anderson said. 

How do we use crypto levers to make gaming more exciting?

Scott Sunarto, founder and CEO of Argus Labs, noted at a panel at Permissionless II that one of the biggest challenges facing the gaming industry is utilizing crypto levers to make gaming more exciting.

“A lot of game studios are building games from Web2 and slapping an NFT on top of it,” Sunarto said. “I’m really passionate about finding interesting ways to use crypto levers to make Web3 gaming much more appealing beyond just having collectibles.”

Sunarto notes that gaming providers are likely to want to own their own distribution, so publishers are likely to move to their own custom chain, where they have more control over granularities such as gas subsidies and customizations on the chain level.

“This can help build better user experience or even provide features that other game publishers are not able to provide,” Sunarto said.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Screenshot 2024-05-23 091855.png


Bitcoin L2s aim to boost scalability while preserving decentralization and security, unlocking a better user experience, and new avenues for Bitcoin-powered innovations. However, no existing Bitcoin L2 leverages the full security of Bitcoin.



As part of the #Breakout2024 plans, Radix has introduced Token Trek


House members ask Gensler to keep a “consistent and equitable approach” with ether ETF proposals after the agency approved spot bitcoin ETFs in January


Using old-world instruments to address crypto user experience challenges goes against what this industry set out to do


And, weeks of a potential crypto ETF decision are no stranger to chaos


The FIT21 Act marks the second crypto-focused piece of legislation to advance in Congress this month


More than half of Solana transactions fail