Gaming

only in the video game industry does tens of millions of dollars & years & years of development amount to nothing…

over & over & over again

ecosystem things // building idle rpg /animarising

it’s the investors. similar to crypto, gaming gets funded only in hype cycles when eveyone has fomo. so they end up just throwing money at anyone with a big eough name-resume & appearance when the iron is hot. nothing moves for months, then everything moves together in a single direction. sound familiar?

then they realize, after a few years of development, that they’ve funded 67 different L1s that all compete with each other, or in this case, whatever new genre with a burgeoning market that they’re trying to chase (fortnite, monopoly go, fall guys, etc.)

historically, previous “video game legends” who have raised a bunch of capital have almost always failed to deliver a game. read about gaming crowdfunding history.

simialr to crypto, they dont fund games that are looking to meet the market where its going, or even create a new one, they fund games building where the market has already been

this is why we continue to see 858447 new launchers, L1s & creatorcoin apps 

https://gamesbeat.com/azra-games-raises-42-7m-for-next-generation-mobile-rpg-with-web3-features/n

beat me to it!

https://farcaster.xyz/itsbasil/0xc4058a3c