Nobody, who is anybody, actually believes that web3 gaming is dead. Not sure who said this as they're not on my algo. Sorry if you said this and we're friends. BUT Crypto applications have a lot to prove. Defi, NFTs, gaming, are the most interesting and important aspects of crypto adoptions and the two sectors that have onboarded everyday people (and kept them in the space). However, all three of these "serious" industries are suffering to answer a few questions around "where the yield comes from" Defi: why would anyone use Defi when you can earn 4-5% by holding cash in your bank account and even more by buying Bonds. This likely won't really be answered, as interest rates will come back down and people will start using Defi again. Interest rates cannot be too high due to the amount of outstanding debt that exists in the global economy. Defi is actually a play-to-earn game where the yield comes from the spread between onchain yield-generation opportunities and the "risk free rate" you get from a bank account. NFTs: How to create a business model when holders expect to buy once and get a stream of utility or price appreciation in perpetuity. Or you have a situation like CryptoPunks where people expect "nothing" to happen or change with the project but for the NFT to increase in fame or popularity, thereby outsourcing the actual "work" to the projects above. Gaming: How to create emotional spending loops that create a true trickle down economic model where a small number of whales sustain the economy and players/creators are able to learn about crypto, make friends, have fun, and earn some extra income. This will likely be solved via a combination of MMOs that mimic the mechanics seen in Eve Online. But we're also likely to also be saved by the global economy here. Whales are not feeling rich enough right now to spend emotionally. Even I had to recently do a budget planning meeting with my wife to see what extraneous expenses we need to cut down on. However, this won't be the case forever as interest rates come down and money printing by central banks start again. Remember, that is needed to happen due to the amount of outstanding debt that exists in the global economy.