John Smedley, a veteran in the gaming industry and former CEO of Daybreak Game Company, is entering the Web3 gaming space with a new AAA shooter called Reaper Actual, utilizing the Tezos layer-2 blockchain, Etherlink. His studio, Distinct Possibility Studios (DPS), has secured $30.5 million in funding from Bitkraft and Brevan Howard to develop this open-world MMOFPS. The game will feature tradeable Web3 elements such as characters and skins. Smedley emphasized the importance of the game itself, stating that the developers prioritize a player-centric approach. Known for co-creating EverQuest and PlanetSide 2, Smedley aims to attract traditional gamers to Web3 by making it accessible and optional. The upcoming Foundation Alpha release will offer players access to the game and on-chain assets. However, industry experts like Alex Chong caution that the Web3 gaming sector still struggles with player retention, as many players are primarily motivated by profit rather than engagement. Read more AI-generated news on: https://app.chaingpt.org/news