Move over memecoins: Crypto ‘meme games’ coming, bagholders and all
“Plenty will be ponzis. Plenty will get exploited. Plenty will insta die. There will be ridiculous gains, and people will get absolutely f***ing rinsed,” says Illuvium co-founder Kieran Warwick.
Crypto "meme games" are on the horizon, according to Illuvium co-founder Kieran Warwick. Warwick predicts that AI will make it possible to create thousands of these speculative games, with many designed to generate quick profits before disappearing. The co-founder warned that while there may be "ridiculous gains," many people will also "get absolutely f***ing rinsed."
Illuvium CEO Robby Yung echoed similar concerns, stating that without a sustainable model, these short-lived games are unlikely to be beneficial in the long run. AI tools have reduced the time and cost of game development, leading Warwick and Yung to believe that the market may become flooded with low-quality games, similar to the rise of memecoins in 2024.
Dappradar data shows that the current crypto gaming industry has limited user engagement, with just $232.2 million in total value locked in 2,356 gaming decentralized applications. Despite this, some developers remain optimistic about the potential of AI-driven crypto games, comparing it to the growth of mobile gaming in the early 2010s.
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