TLDR:
- Hamster Kombat critiques venture capital influence in Web3, advocating for more sustainable approaches in blockchain gaming.
- Industry leaders like Jack Dorsey and Elon Musk have also criticized the reliance on venture capital in the Web3 sector.
Hamster Kombat, a popular clicker game, has recently denounced the reliance on venture capital funding within the Web3 sector. The company criticized the traditional VC model for focusing excessively on rapid financial returns at the expense of long-term growth. They emphasized the need for innovative projects that generate real value and revenue for users rather than prioritizing investor interests.
The criticism of venture capital in Web3 is not new, as industry leaders like Jack Dorsey and Elon Musk have also expressed skepticism about the increasing centralization of Web3 in the hands of VCs. Dorsey proposed a shift to a Web5 model that would empower individuals using the Bitcoin network, rather than corporations.
While Hamster Kombat’s criticism of venture capital highlights the need for a shift towards a different business model in the Web3 sector, it is important to note that the game has faced controversy and accusations of being a pyramid scheme. Despite this, their call for a focus on long-term value and community building in blockchain gaming resonates with the ongoing debate about the role of venture capital in the industry.
