Dave, I still think you are heavily overrating the correlation...

Dave, I still think you are heavily overrating the correlation between bitcoin and the coming generation of game utility nfts. Yes their is a correlation but it is continuously weakening as the web3 game industry and NFTs in general is moving away from nfts as speculative assets with no real value and towards real utility. The first empty gold rush on pure speculation is over. The real thing is in progress. it is moving fast and it will in the long run be much more important to release, learn, tweak and build user base and content rather than selling your nfts to a high price initially. The quality and success of the game itself will still be key. But web3 add dimensions. The game and the utility of connected nfts in the game will drive the value of them and the revenue of the developer. Nfts will be cheaper and attract buyers based on other values than potential monetary value increases. Getting access, expression, fun, belonging etc. And nfts don’t need to be expensive to buy to add a lot extra revenue potential. Why? Because the are dynamic and can be upgraded or evolve over time. Some will pay for that, others will earn it. Just like in games today. Do you think your avatar in a traditional game and the possibilities for selling you an upgrade on that one is also heavily correlated to the price of bitcoin? No probably not. Blockchain technology is a central part of nfts and web3 to facilitate transactions, real ownership and thus function as one bridge for the multi metaverse. The price of bitcoin has nothing to do with that. An engineer will not primarily target collectors and investors. They are for ordinary people that want to play games or be in virtual worlds.

yes, misfits was probably halted due to the crypto winter as it probably was a very late try to pull the same trick as others did in 2020-2021 and PLY miracously pulled of in early 2022. Engineers will be different. Kyö as well. But MG and engineers was probably delayed due to evolution in web3 game and neccessary changes to game logic and economy based on learnings from mistakes of others.