Bitget calls for a shift in Web3 gaming, emphasizing the transition from “play-to-earn” to “play-and-earn”.

Web3 games need to change their approach from “play-to-earn” to “play-and-earn” in order to attract a wider audience of crypto adopters, according to Gracy Chen, managing director of Bitget, a trading platform. Chen emphasized that the problem with most Web3 games is that they prioritize economic elements and neglect gameplay. To appeal to Web2 gamers, Web3 games in 2024 must prioritize the user experience and gameplay, Chen stated in an interview with Cointelegraph. In the past, many Web3 games have been criticized for focusing solely on offering crypto incentives to players, but the industry is now shifting towards more player-centric games, thanks to the involvement of Web2 game founders in the crypto gaming space, Chen explained. While Chen is excited about the trend towards player-centric games, she warned that most current GameFi projects have low quality and high valuations. She advised investors to only invest in games that have finished products and user-centric approaches. Despite the lack of player-centric projects, Web3 games accounted for over 30% of all decentralized application activity in Q1 2024, according to a report by DappRadar on April 11th.