In the recent Cointelegraph’s Hashing It Out podcast (Episode 43), they explore GameFi’s role in the cryptocurrency world with MITA’s CEO, Kena Amoah. MITA is a groundbreaking project in Africa that blends metaverse, gaming, and Web3 technology. Kena shares insights into how GameFi might lead the charge in the next wave of Web3 adoption.
Kena begins by discussing GameFi’s growth over the years, suggesting it could become as popular as DeFi. He highlights the appeal of both financial rewards and decentralization in gaming. Developers aim to create an immersive experience, letting gamers seamlessly move their credentials from one virtual world to another.
Looking back at 2023, Kena outlines the significant GameFi milestones and predicts trends for 2024. However, he acknowledges the challenges GameFi faces.
Kena points out a hurdle for Web3 gaming in developing markets—the user experience. He believes Web3 gaming needs to be as straightforward as Web2 games. New users often find wallet addresses confusing. Kena emphasizes the need for an improved onboarding process, stressing that the focus should go beyond just being a blockchain game to offering a genuinely enjoyable gaming experience.
Considering the sustainability of Web3 games, Kena stresses the importance of not solely focusing on financial gains. He envisions GameFi, like DeFi, attracting more people to the blockchain space if developers strike the right balance between financial incentives and gaming enjoyment.
In peeling back the layers of GameFi, Kena Amoah humanizes the complex world of Web3 adoption, urging developers to enhance not only technology but also the joy of play. This journey isn’t just about code and algorithms; it’s about inviting everyone to the gaming table and ensuring they have a blast while they’re there.
