Blockchain gaming and play-to-earn models were all the rage in 2021, but the overtime model declined as some kinks surfaced and the broader NFT and crypto market hit some momentum barriers. It is safe to say, this area is “down but not out” and it is entirely possible that blockchain gaming could see another 2021-style boom once the market gains its momentum.
on 22nd July, NFT Steez, a bi-weekly Twitter space hosted by Alyssa Exposito and Ray Salmond, met with the founders of CryptoRaiders to discuss the state of blockchain gaming and the future of play-to-earn-based projects. According to the founders, Crypto Raiders is an NFT-based dungeon crawler and everyone in the episode agreed that the current blockchain gaming landscape should focus on stability and “fun” first.
Can the play-and-earn model work in Web3 gaming?
During the interview founder Nick Krepner talked about adopting a “hybrid-model” for play-and-earn gaming, and Krepner said the current sentiment is high, as the nature of humans is “short-term reactive” and quickly believes. that they should be dismissed.
However, Krippner acknowledges that while it is a natural tendency to assume the worst, in reality, “the” [P2E] Before the model really works, it takes a lot of change and a lot of effort.”
In fact, the team at Crypto Raiders is narrowing down and sorting out the possibilities of the hybrid-model and how it can act as an interplay of the blockchain and the gaming done outside it.
Krupner said it is important to denote:
“Where do [player] Where does the income come from?”
This sentiment stems from the current landscape of play-and-earn models that typically derive their earnings from new players, which is why it is often viewed or portrayed as Ponzi.
According to Krepner, a hybrid-model will appear as both pay-to-play (P2P) and free-to-play (F2P) variants. In this hybrid model, new players can easily enjoy the game for free, but they will need resources, or in this case, in-game assets cultivated by P2P players, to progress.
RELATED: Crypto Raiders Explain How Blockchain Gaming Attracts New Users to Web3
Fun on “financialization” is the path to mass adoption
When asked about concerns about monetizing fun and gaming, CryptoRaiders conceded that traditional and Web3 gamers are each concerned that monetizing gaming mechanics could sabotage their hobby.
As a solution, crypto raiders prefer “play-to-earn” rather than “play-to-earn”, which is a way to drive home the value players originally received compared to AAA games. Although many gamers have expressed a desire to have more ownership and autonomy when it comes to gaming, Krippner says it’s not surprising that gamers think negatively about Web3 gamers.
“Gamers Really Push-Back Against Microtransactions” So when it comes to NFT-gaming, backlash is to be expected, but interestingly, many gamers claim to be “while making money” in the gaming sector. Would love the opportunity,” Kruppner says.
While traditional gamers have a distaste for Web3 games, David Titarenko emphasized the importance of games being accessible when it comes to adoption. In terms of onboarding and the success of Web3 games, Titarenko formulated the thought process as follows:
“Bring your grandma to the Midwest to play it.”
Tune in and listen to the full episode of NFT Steez, Here,
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