On August 20, 2024, the Chinese gaming industry reached a significant milestone with the release of the first AAA game, Black Myth: Wukong. The game made an explosive entry, setting records in sales and online player numbers, making it an instant sensation in the gaming community. Interestingly, this wave of excitement has also rippled into the cryptocurrency world, adding new heat to the market and bringing fresh insights.
Justin Sun's SUNWUKONG Meme Coin Launch
When it comes to capitalizing on trends, Justin Sun, a well-known figure in the crypto world, is an expert. Shortly after the launch of Black Myth: Wukong, Sun introduced the SUNWUKONG meme coin. However, this move wasn’t just a simple case of riding the hype; it was a well-orchestrated market-making strategy. Retail investors could potentially learn valuable investment strategies from Sun's approach, which could greatly benefit their own crypto portfolios.
Justin Sun founded his public-chain, TRON, in 2017. Although TRON is a significant project, it has not achieved the same level of market acceptance or excitement as Bitcoin or Ethereum. For Sun, TRON is his flagship product, and everything he does is aimed at promoting it. Once this is understood, many of his business maneuvers become clearer.
For example, TRON, as an ERC20 token built on the Ethereum network, might explain why Sun made a significant investment in ETH recently. To further promote TRON, Sun launched the SunSwap DEX platform a few years ago to provide liquidity for TRON. As a blockchain, it naturally supports the issuance of new tokens, with SUNWUKONG being one of them. Seen in this light, Sun's operations form a logically coherent and self-sustaining loop.
From Sun's market-making tactics, investors can glean important insights. TRON, as a public blockchain, is relatively low-risk and is Sun's primary focus. Therefore, investing in TRON could be considered a more stable option. On the other hand, for those seeking higher risk and reward, investing in the SUNWUKONG meme coin might be more appealing.
Lessons for Web3 Games from Black Myth: Wukong
When discussing games, it's impossible to ignore the variety of blockchain-based games in the Web3 space. Starting with the early success of Axie Infinity, Web3 games have been on the rise. However, despite the abundance of blockchain games today, few stand out as genuinely engaging or memorable. Compared to many Web2 games, the gameplay of most blockchain games is often lackluster.
Black Myth: Wukong offers valuable insights for blockchain game developers. The game’s development began in 2018, at a time when few believed that China could produce a AAA game, let alone one that consumers would pay for. But as the game’s creator, Yang Qi, said, “The journey is more important than the destination.” Despite the doubts and challenges, the team behind Black Myth: Wukong persevered, ultimately leading to the game’s massive success.
This story holds a powerful message for the crypto and Web3 gaming community. Many still doubt the potential of Web3 games to produce AAA titles. Critics often view blockchain games as mere money grabs, lacking long-term vision and craftsmanship. However, the success of Black Myth: Wukong shows that being underestimated does not preclude eventual success. Could the Web3 space one day see the birth of a AAA blockchain game? Perhaps it will, but it will require the collective effort of idealists in the Web3 community to embark on that challenging journey.
In conclusion, the success of Black Myth: Wukong not only marks a significant achievement in the gaming industry but also serves as a beacon of potential for the crypto world. It reminds us that innovation, perseverance, and a willingness to take risks can lead to extraordinary results, both in gaming and in blockchain technology.
