Web3 games with one wallet still the vision for players — The Sandbox
Wallet interoperability still remains the vision for Web3 gaming, according to Arthur Madrid, the co-founder and CEO of the decentralized metaverse and gaming platform The Sandbox. In an exclusive interview with Cointele...
Wallet interoperability still remains the vision for Web3 gaming, according to Arthur Madrid, the co-founder and CEO of the decentralized metaverse and gaming platform The Sandbox.
In an exclusive interview with Cointelegraph at the Crypto Polo event in Dubai, Madrid and his fellow The Sandbox co-founder and chief operating officer, Sebastien Borget, told Cointelegraph that Web3 gaming interoperability remains the goal for The Sandbox. Madrid said:
“So, the vision is still kind of obvious for us. It’s like you need to be able to play any games using one wallet that will enable you to combine the utilities of all that you collected and all what you earned.”The Sandbox CEO said that one of the main narratives they’ve seen in the last couple of months is that players can move from one game to another using a single wallet. The executive told Cointelegraph that players accessing games with one wallet and using their items on different platforms remains an exciting topic for Web3 gaming enthusiasts.
The Sandbox co-founders at the Crypto Polo event in Dubai. Source: CointelegraphWeb3 gaming still “booming” as tools become accessibleMadrid added that despite a market slowdown, the Web3 gaming space is still booming. The executive told Cointelegraph that the tools and infrastructure needed to create new games have become more accessible.
“I can feel that the tools you need to create games are becoming more accessible. If you look the number of games that have been created on gaming platforms over the last two years, it's still booming,” Madrid told Cointelegraph.
The executive also said that a new generation of programmers and programming tools is working on new types of gameplay. Madrid added that the space needs only one good game that could serve as the catalyst for the broader adoption of Web3 technology in gaming.
“The thing is, you always need this moment where one game is making a difference. You have this moment of rebirth,” Madrid said.
Related: Nike sued for $5 million over its shutdown of NFT platform RTFKT
The Sandbox co-founder highlights a shift in NFT utilityBorget told Cointelegraph that the non-fungible token (NFT) space is now seeing a shift in focus. The executive said that their team is seeing more maturity in the industry as it shifted from using NFTs to do fundraising and just profile pictures to better use cases.
Borget said this was driven by consumers demanding more use for their digital assets. The executive said that creators and developers must focus on adding more value to their NFTs to keep up with this demand.
“At The Sandbox, we still continue to see more demand for our virtual land, avatars and other NFT collections, such as Jurassic World, because they can be used across the game right away,” Borget said.
Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race
Original source
Read on CointelegraphRelated market context
Global Takedown Cripples Dark Web Bitcoin Service After 10,333 BTC Hit Wallets
U.S. prosecutors charged two men in a $389 million cryptocurrency laundering case tied to a dark web bitcoin service. Authorities...
Coinbase Council Warns 7 Million Bitcoin May Face Future Quantum Risk
TL;DR Coinbase’s Quantum Advisory Council says post-quantum migration planning should begin before quantum attacks become practica...
Millions of EU crypto users face exchange cutoff as MiCA deadline hits in days
On July 1, 2026, the temporary permission that lets crypto companies keep operating in Europe while they wait for a proper MiCA li...
GameStop SEC Filing Highlights Coinbase Custody Liquidation Risk For Bitcoin Holdings
TL;DR GameStop’s Form 10-Q includes digital asset custody risk disclosures. The filing discusses circumstances in which a custodia...
Coinbase report flags Bitcoin cold wallets exposed to quantum risks
The potential quantum threat to Bitcoin highlights the urgent need for governance solutions to protect vulnerable assets and ensur...
G2 Esports sweeps Xi Lai Gaming at Valorant Masters London as crypto-esports sponsorship cools
The decline in crypto sponsorships at major esports events may signal a shift in industry funding strategies and brand partnership...