With gaming tokens dropping 37% overall in 2024, some are saying Web3 gaming is dead. But crypto is cyclical, and the current decline is nothing we haven't seen before. 😂 As angel investors focusing on the seed and pre-seed stage, we think this is a great time to invest. 🚀

We're putting our money where our mouth is, based on the thesis that Web3 gaming will advance innovation, adoption, and impact more than any other use case. 💰

Today, our company, Emfarsis, invests and advises on early-stage Web3 projects focused on games. 👾

We see Web3 as a world-changing technology, but how do we persuade people to use it? 🤔

But making money playing a video game? This is a completely different suggestion. This was the promise of play-to-earn, and we discovered it before most when “blockchain games” was still an oxymoron. 🎮

Sky Mavis, the developer of Axie, achieved this massive adoption success without needing to make the blockchain more usable or understandable. Axie has financialized the game so that anyone who adds real value to the game's virtual economy (not just developers and publishers) can reap the benefits. And people wanted it so badly that they overcame obstacles to get it. 🏆

We believe that Web3 games combined with DeFi, DAOs and more will deliver unique tokenomics and completely new user experiences. 🌐

We started becoming angel investors when we realized mass adoption was possible without simplifying Web3 elements. This epiphany drives our entire decision-making process, especially since we are confident it represents a massive total targeted market (TAM). 🎉

Investors want to know now: what will Axie be next to start the next bull run? We are waiting your comments! 📢

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