Does anyone still believe in Crypto?

GM Frens! A rough week with the apparent collapse of FTX.

Is anyone still a believer in crypto?

We still are, and it seems Skale's CEO Jack O'Holleran agrees.

Skale CEO thinks AAA is "peanuts" to GameFi

Big claims were made by Jack O’Holleran, CEO of Skale, (a multichain Ethereum-native network that powers Web3 games) when speaking about the AAA game studio world this week. In an interview with Coin Telegraph, the CEO compared the future of the Web3 Gaming Space to the AAA space of today, calling the Web2 AAA space "Peanuts to Web3". The Skale CEO seems bullish on the Web3 Gaming sector, and why shouldn't he be?

Blockchain and Metaverse titles raised a whopping $1.3 billion raised in Q2 according to Dapp Radar. Web3 games accounted for nearly 50% of all blockchain activity across 50 chains in Q2, according to Dapp Radar. An astonishing 912,000 Daily Unique Active Wallets interacted with Web3 game contracts in September alone 🤯.

Finding a sustainable GameFi model still plagues many developers in the Web3 space. After the recent economic challenges with the Axie Infinities ecosystem, it seems no Web3 game has got it quite right yet. User experience still suffers from many basic problems like paying gas fees. Not only the fees but often the complexity of buying, owning and trading NFTs, can be enough to turn away the uninitiated gamer.

Web3 gaming and the larger NFT space still have a long way to go to find their place in the traditional world. Yet, numbers don't lie, and it seems that we are well on our way to a better gaming experience.

Want more on this subject? Find it here.

The sneaky news you may have missed

• NFT collection Doodles is building an empire: Doodles' new CEO Julian Holguin says the Doodles brand is aiming to compete with giants such as Disney, Amazon, or Netflix. After sinking millions into the upcoming popup at Art Basel in Miami Beach in December. Holguin claims the user experience for Doodles holders will be unlike the regular joe treatment, from VIP access, to even future brand drops.

• Animoca helps raise 67.7 ETH for teachers: Animoca Brands, the company spearheading digital property rights for gaming and the open metaverse, has helped bring 138 ETH to the pockets of Teacher Authors. In conjunction with one of its subsidiaries "TinyTap" (educational games publisher), Animoca announced that the first batch of six "TinyTap" Publisher NFTs sold at auction for a total of 138.926 ETH (approximately US$228,000 at the time of sale) generating a total 67.7 ETH (approximately US$111,000 at time of sale) for the six teachers who authored the works linked to the NFT's.

Before you go

Want to be sure to get every single email?

Drag this email to your primary inbox. Otherwise, the void of your unopened spam will devour it, costing you the most up-to-date news in web3 gaming. So drag that email to your primary inbox to save this newsletter from SPAM the destroyer.