{"id":10992,"date":"2022-05-21T16:46:08","date_gmt":"2022-05-21T16:46:08","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-gaming-and-the-monkey-run-how-we-should-build-the-future-of-gamefi\/"},"modified":"2022-05-21T16:46:10","modified_gmt":"2022-05-21T16:46:10","slug":"crypto-gaming-and-the-monkey-run-how-we-should-build-the-future-of-gamefi","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-gaming-and-the-monkey-run-how-we-should-build-the-future-of-gamefi\/","title":{"rendered":"Crypto gaming and the monkey run: How we should build the future of GameFi"},"content":{"rendered":"
You\u2019ve seen it before. An amazingly talented gaming founder teams up with a top-tier studio, promising to create a wondrous game experience built on the industry\u2019s most powerful engines. But then, it happens: It\u2019s paired with a dubious shitcoin that launches well before even a morsel of game content drops.<\/p>\n
In the not-so-distant past, mainstream media may have referred to the hype-fueled crypto bull market \u2014 but, with Bored Ape floor prices still in the clouds, we\u2019ll respectfully call it what it is: the monkey run. Market volatility aside, Metaverse evangelists still claim that Web3 finance will revolutionize the way that games monetize. I call BS.<\/p>\n
The focus right now is not on new monetization models. The only thing these token raises are challenging is the idea of capital formation \u2014 not monetization. However tempting, the monkey run has quickly deluded some of our brightest founders into believing that they should raise a nonsensically large amount of capital from tokens printed out of thin air, as a faulty substitute for a real monetization strategy.<\/p>\n