MYSTiC GAMES CEO and CoFounder | Free to play expert | ex Rovio | ex Mag Interactive | ex King | ex Miniclip | ex Jagex
VCs trading memecoins was not on my 2024 bingo card. Things are getting wild out in game land when the only projects still with cash are the ones that raised in 21 and never shipped. Turns out money truly is a better moat than product in crypto and that’s a terrible indictment of how hard it is to make games in the space. The well worn treadmill of pumped socials + cool trailer —> token launch has basically destroyed what semblance of respect the wider DeFi industry had for games. This is why TGE seems like a pipe dream for the current crop of projects as listing costs skyrocket and current web3 UA strats end up poisoning communities with extractive farmers and still costing an arm and a leg. Then don’t forget overselling the token pre TGE to KOLs and launchpads in the hope you can cycle back into pumped socials. Wanna get off the treadmill? DMs are open.
Well said Matt. It’s time for a change brother. Might have something for you with our shift towards to helping projects like yours connect with verified VC investors. Let’s jump on another call.
Tokens have no place in a good web3 game imo. Vc's getting into memecoins is normal though. Tradfi will probably even join soon.