Web3 Gaming: Promise Unfulfilled – Why Traditional Games Are Better Than Ever

The gaming industry has faced a challenging year, with layoffs and studio closures hitting even established names. While unsustainable development costs and an innovation crisis are at the core of this decline, Web3 promises to shake up the landscape, but has failed to deliver on its potential. 2024’s downturn highlights how traditional game development remains deeply rooted in creating engaging experiences, while Web3’s focus on blockchain technology hasn’t delivered for players.