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a16z’s Chris Dixon Sees Community Builders As Future of web3 Gaming

Chris Dixon, founder and general partner of a16z, is excited for where web3 gaming could go over the coming year.

Dixon described how, within the past three years, most teams building web3 games were "crypto people who were game enthusiasts." But now, "top tier gaming teams" such as those in Blizzard, Riot and Valve "have decided that they want to either build traditional games that include games with NFTs, or in the more extreme case [... ] build fully on-chain games" that would allow for things like "modding on steroids; who can take the game and fork it and add to it."

a16z launced a $600 million fund to build out the web3 game industry in May. The firm has since invested $23 million in the collectibles and NFT gaming platform Cryptoys, led a $56 million round in the metaverse avatar platform Ready Player Me and led a $150 million raise for the blockchain gaming startup Mythical Games.

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