Artificial intelligence is lowering the time and cost required to build blockchain games, raising the prospect of a surge in short-term “meme games” aimed at quick profits. Industry participants are warning of a speculative frenzy similar to the meme-coin boom, while also noting that easier development could broaden users’ choices.
In 2021, crypto was supposed to reinvent gaming: play, earn, and genuinely own your items. Five years later the record is sobering. Every large gaming token trades between 97 and almost 100 percent below its high, and six of them marked an all-time low only this summer. The analytics firm Caladan counts more than 90…
Illuvium co-founder and CEO Kieran Warwick said Aug. 21 that six months of cost reductions and a further wage cut had restored more than 12 months of operating runway for the web3 gaming studio.
