Web3 Gaming Revolution: Navigating Opportunities and Challenges with Devon and Huiling #ep10 #games

Colors of Web3 & Entrepreneurship

In this 10th episode of Colors of Web3 & Entrepreneurship, we delve into the fascinating intersection of Web3 and gaming. Lam sit down with two industry experts, Huiling Zhao, Head of Asia at Ready Games, and Devon Sun, Head of Business Development APAC Region at Helika, to discuss the revolutionary potential of Web3 gaming. The conversation explores projects that bridge traditional gaming with blockchain technology, such as Yellow Card's innovative approach to international money transfers within Africa. The guests share insights on the current landscape, emphasizing the importance of low-entry barriers (for players), high-quality games, and new experiences for mass adoption. Tune in for an engaging dialogue that navigates the opportunities and challenges in Web3 gaming.

⌛ Timestamps

00:00:00 Episode trailer

00:00:25 Introduction of guests

00:02:40 How Huiling got into Web3

00:04:45 How Devon got into Web3

00:07:10 Hobbies of Huiling outside Web3

00:08:52 Hobbies of Devon outside Web3

00:10:07 Stereotype of tiger mom and Chinese kid

00:11:15 Detailed introduction of Ready Games from Huiling

00:16:58 Current traction of Ready Games

00:18:52 Detailed introduction of Helika from Devon

00:22:13 How Helika obtains the data of their customers

00:24:30 How does GameFi disrupt the traditional gaming and finance industries (Huiling's take)

00:26:57 Huiling's take on why tokens are not required in Web3 games

00:29:43 Devon's take on how GameFi has transformed gaming and finance industries

00:31:24 Challenges in Web3 gaming

00:32:40 Opportunities in Web3 gaming

00:34:34 Huiling reiterates that Web3 game companies can operate without the tokens

00:36:05 How AI enhances the GameFi experience and the potential ethical implications

00:39:16 How AI can help to fight bots, generate contents, and consequences of AI from Devon's perspective

00:41:42 How regulations will always lag behind technology

00:43:49 The ideal Web3 game

00:45:54 Devon's take on the ideal Web3 game

00:47:25 How to onboard 1 billion people into Web3

00:50:28 High unbanked rate in developing countries and the success of Yellow Card

00:52:24 Gaming is secondary to livelihood for unbanked people

00:54:46 Devon's take on how to onboard 1 billion people into Web3

00:56:19 Total number of gamers in the world

00:56:56 How game companies can collaborate with one another

00:59:59 In-game items that can be converted into real-life items

01:01:08 Tokenomics in Web3 gaming

01:04:00 How small game companies can finance themselves according to Huiling

01:07:03 Huiling's advice for entrepreneurs who want to start their own Web3 startups

01:09:30 Devon's advice for people seeking jobs in Web3

01:11:09 What is Web3? Definition from Huiling

01:12:24 Guests' social media handles

01:14:11 Episode outro

Follow Devon and Huiling on their social media:

Devon's LinkedIn: ⁠https://www.linkedin.com/in/devon-sun

Devon's company website: https://helika.io

Huiling's Twitter: ⁠https://twitter.com/selfmademfers

Huiling's company presentation: Ready Games Overview (Lam).pptx

Huiling's company website: https://ready.gg

My social media if you guys want to follow me:

Twitter/X: ⁠https://www.twitter.com/LamWeb3⁠

LinkedIn: ⁠https://www.linkedin.com/in/lamweb3/⁠

Website: ⁠https://lamtrinh.xyz⁠

If you enjoy this episode, please subscribe to stay updated on our upcoming episodes with industry experts and innovators in the Web3 and Entrepreneurship spaces. Thank you for listening!