Animoca Brands CEO Robby Yung Predicts a Wave of Triple-A Console-Style Games in 2024
The gaming world is bracing itself for a transformative shift as Animoca Brands CEO Robby Yung predicts a new era of “triple-A console-style” Web3 games in 2024.
Speaking at the Proof of Talk conference in Paris, Yung said that the current play-to-earn model is dominating the Web3 gaming industry, but that this is about to change.
“Next year, we’re likely to see more triple-A console-style games launching,” said Yung. “Right now, there are only a few of these games on the market, such as Life Beyond, Devourers, and Phantom Galaxies, but I believe that this number will increase significantly in 2024.”
Yung expressed particular excitement about Life Beyond, which is currently in alpha testing. The game is backed by a team with a strong history in the traditional gaming sphere, and Yung believes that it has the potential to attract a large number of traditional gamers to the Web3 space.
The Animoca Brands CEO also mentioned his enthusiasm for the Revv ecosystem, which is a collection of games that are all unified by the Rev token ecosystem. These games include Moto GP and Formula E, as well as some other branded games.
Yung believes that these projects could persuade traditional gamers, who have previously been hesitant or even resistant to Web3 games, to take part. He referenced instances of backlash, such as with Ubisoft, where players expressed fear about blockchain games. This resistance, he claimed, mirrors the early days of mobile gaming when many gamers felt that gaming on a small screen wasn’t “real gaming.”
According to Yung, the gaming industry is embracing a hybrid model that accommodates the critical mobile and casual gaming sectors, which account for half the market. Technological advancements, he says, are ushering in a new model that integrates traditional and blockchain gaming before wholly committing to blockchain and NFTs.
Animoca Brands is leading the way in this transition. With its global network of 13 studios, the company has established itself with a diverse portfolio of Web3 titles and metaverse platforms. The lineup of Animoca Brands’ titles notably features The Sandbox, Phantom Galaxies, Life Beyond, and Crazy Defense Heroes.
Beyond this, Yung revealed more extensive ambitions for the organization. A key move is the transformation of the company’s offshoot, Tiny Tap, from a Web2 to a Web3 platform. This evolution enables educators to design and distribute online lessons while earning tokens as payment.
Yung also discussed the concept of the metaverse, highlighting the company’s push for an open, decentralized version. He argues that while Meta is primarily VR-focused, the “true essence of the metaverse” requires blockchain technology, enabling content interoperability and creating a “true metaverse.”
Regulatory challenges, particularly in the U.S., have recently posed obstacles to the crypto and Web3 industries. Yung highlighted how this ambiguity had caused investor hesitation, affecting Animoca Brands’ growth strategy. The U.S., traditionally part of the company’s global focus, has seen less attention due to these uncertainties.
Conversely, Yung praised France for emerging as a strong Web3 hub. He attributed this less to governmental actions and more to the dedicated entrepreneurs who have been active in the space for years. This concentration of skill and entrepreneurial spirit, he believes, drives the growth witnessed in the French ecosystem.
The future of Web3 gaming is looking bright, and Animoca Brands is leading the way. With its diverse portfolio of titles and its commitment to an open, decentralized metaverse, the company is well-positioned to capitalize on the growing demand for Web3 games.
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