CEO of Animoca Brands, Robby Yung, discusses the investment in Web3 gaming. Robby Yung has said that investing in Web3 gaming requires a high level of diligence through testing cryptocurrency bear markets. Robby Yung discusses investing in Web3 gaming as well as its strongest tick-boxes while speaking at the European Blockchain Convention in Barcelona. Yung also focuses on the challenges and emerging scenarios of investing in Web3 gaming. The reason behind this is that investors are currently looking for passionate teams with specific skill sets and products that fit the market. Investors believe that it can be easy to invest in Web3 gaming only with a good team.
Robby Yung further explained that the development stage for investment in Web3 has become more prominent over the past few years. Reflecting the high demand from investors for high development. Yung acknowledged that Web3-related companies are still trying to raise capital, and many companies have also completed several deals in the second half of 2023. Still, user acquisition remains a challenge in the Web3 gaming world, which Yung attributed to challenges surrounding the game's distributor. Along with this, Yung has talked about the need to attract more and more users in the Web3 gaming world so that the Web3 gaming world can be opened up by investment.
Robby Yung believes that the challenges facing Web3 among mainstream players have hindered opportunities to engage with the Web3 community to learn about the potential benefits and find solutions that meet the emerging gaming landscape. Despite facing so many challenges, Web3 gaming continues to attract both attention and investment, pointing to its growing importance in the gaming industry. But there is still a need to reduce the challenges of increasing investment in the Web3 gaming world so that investors can earn more profits from it.