The debate around crypto gaming intensified after Lily Liu, president of the Solana Foundation, declared the sector effectively dead. Her remarks arrived as industry participants reassessed years of heavy investment in blockchain-based games.

Consequently, the statement raised questions about whether Web3 gaming ever delivered on its early promise or simply followed the broader hype cycle tied to the metaverse narrative.

Industry Doubts Grow After Metaverse Setbacks

Liu’s comments followed renewed criticism of Meta and its metaverse strategy led by Mark Zuckerberg. The company reportedly spent billions building virtual worlds that struggled to retain users. However, blockchain gaming operated separately from Meta’s vision despite…