Carlos G. Pereira's insights were featured in the Blockchain Game Alliance's 2024 State of the Industry Report. Here's what he had to say: “We believe the initial hype in crypto gaming led to a strong inflow of new professionals into the space, both for operators and investors. The majority of new entrants likely underestimated the difficulty of building games (and sticky consumer apps in general) and didn’t have a fundamental thesis or long-term perspective. Naturally, as the cycle evolved and downside volatility came, trend chasers cycled onto the next thing, while those accustomed to the longer lead times of making a great game had the patience to keep building and investing. Overall, we think this is a good thing for the space, as sustainable products require sustained effort and talent.” Let us know what you think about his take in the comments below. Read more: https://lnkd.in/gjr84Egk
