Honestly, most web3 games from the last cycle were just not it. You know what I mean? They had the hype, the funding, the roadmaps, but when you actually tried to play them, it was obvious why they failed so quickly.

VCs are finally being real about what went wrong. The games weren't actually fun. They were just glorified ponzi schemes dressed up as gameplay. People jumped in for the tokens, not because they wanted to play something good. Once the rewards dried up, everyone left. That's not a sustainable gaming ecosystem.

But here's what's interesting: the space isn't dead, it's just evolving. Look at projects like Mega Cricket League actually trying to build something with real gameplay mechanics, not just another token farm. That's a different approach.

And if you're curious about what the next generation of web3 gaming could look like, there's a $656K prize pool up for grabs through a Shark Tank-style pitch competition. Best crypto game concepts are getting serious backing now. The difference this time? VCs are actually asking if the game is playable, not just if the tokenomics are flashy.

So yeah, web3 games failed hard in the last cycle. But the fact that people are still building and competing with real prize money suggests the industry learned something. Whether it sticks around or not depends on whether devs actually prioritize game design over financial engineering. That's the real test for the next five years.