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

Gaming • July 17, 2023, 8:02AM EDT
Published 1 minute earlier on
The Block

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

Listen below, and subscribe to The Scoop on Youtube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

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

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

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


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

Editor

To contact the editor of this story:
Tim Copeland at
[email protected]