How AI can breathe fresh life into Web3 gaming: Lightspeed, Faction

Quick Take

Top crypto gaming VCs anticipate that experienced game developers adopting blockchain and technological progress will drive the creation of successful Web3 games.

Episode 66 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro, Lightspeed Partner and Head of Gaming Moritz Baier-Lentz, and Faction Managing Partner Samuel Harrison

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Moritz Baier-Lentz is a partner and head of gaming at Lightspeed, and Sam Harrison is the managing partner of Faction.

In this episode, Baier-Lentz and Harrison unpack their thesis behind investing in the Web3 gaming industry.

While Web3 gaming has yet to reach mainstream appeal, Baier-Lentz and Harrison state that a combination of technological advancements and veteran game developers embracing blockchain rails will help facilitate breakout Web3 games in the near future.

Outline:

1:13 Web3 VC Update

4:41 Lightspeed + Faction

8:46 Market Cycles

14:04 Web3 vs. Web2 Gaming

20:40 Gaming Metrics for VC

23:38 Tokenomics & Gaming

33:50 AI & Gaming

38:41 Closing Thoughts