GameFi entrepreneurs need to carve out a perfect game plan to make a comeback in 2024.

GameFi could be set for a landmark year, with several Triple-A (AAA) titles scheduled for release. Could 2024 be the year that blockchain shakes up the traditional gaming market?

GameFi titles haven’t always enjoyed the best reputation with the general gaming public. Critics of the genre point to lackluster graphics, uninspired game mechanics and a general lack of fun. Even more galling is that the tokenized elements of GameFi titles often prove difficult to sustain in the long term.

But GameFi could be set for a reinvention if industry experts are to be believed. Mark Long, CEO of Shrapnel — a AAA first-person extraction shooter that includes a creator ecosystem — is among the voices predicting positive things for the industry. Long was quick to admit that blockchain titles currently have a very mixed reputation, but he argued that the next wave of titles will confound critics.

“One of the biggest things I expect to see in the next year is a shift in narrative around Web3 gaming,” Long told Cointelegraph. “Perceptions of the genre are, let’s face it, that blockchain games suck. Driven by Ponzi-scheme mechanics that require a constant inflow of new players to substantiate any accrued value. They’re not play-to-earn; they’re play-to-work.”

As critical as Long is of the current crop of GameFi titles, he predicts several “groundbreaking” titles in the pipeline will alter public perceptions.

“Two games I’m really excited to play are Dead Drop and Off The Grid,” said Long. “Dead Drop is led creatively by Dr. Disrespect and the influence of a guy that plays by his own rules is right up front [...] Off The Grid has my favorite film director, Neil Blomkamp, driving design, and it looks fire. Bloomkamp’s worlds, for me, are a uniquely grounded kind of sci-fi that, at the same time, is surprising in very specific ways.”

The Shrapnel CEO also named Wildcard as another title he was looking forward to, citing a development model that includes player ownership.

“GameFi offers an exciting new opportunity for Web2 gamers to do what they’ve always wanted to do: be part of the creation of a game,” said Long.

Source - Coin Telegraph