Executive Summary Web3 gaming – an ever-changing term simply defined as video games with varying levels of embedded blockchain-based mechanics […]

We titled this year’s report The Great Reset because we believe that’s what 2022 represented for crypto – a great reset in prices, expectations, and speculative interest all across the industry. Every major tailwind that propelled the crypto market higher in Q2 2020-Q4 2021 turned against it, resulting in one of the sharpest and quickest price drawdowns we’ve seen to date. Bull markets are where most investors make their money, and bear markets are where you fight to preserve those gains. But long drawdowns have a silver lining in that they encourage deeper reflection, giving all of us a chance to re-evaluate what really matters and where we really want to spend our time.

Gaming was a primary driver of the 2021 mania, yet it has given way to cold realism as we move into the trough of disillusionment.

It’s no secret by now that most gamers hate crypto. We’ve witnessed heavy community backlash around announcements such as Ubisoft Quartz and even more recently with Dr DisRespect’s Midnight Society. Video game commentators such as Asmongold, Josh Strife Hayes, and many more continue to hound the sector—often with good reason.

Yield Guild Games continues to position itself as a major stakeholder in the ever expanding play-to-earn (P2E) ecosystem of the […]