Crypto Unicorns founder says P2E gaming is in a long ‘maturation phase’

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As the hype sur­round­ing play-to-earn (P2E) games and plat­forms began to dwin­dle in ear­ly 2022, Web3 par­tic­i­pants began to empha­size the need for games to be more “fun” and less finance-ori­ent­ed. In the most recent episode of NFT Steez, Alyssa Expósi­to and Ray Salmond spoke with Aron Beireschmitt, the CEO of Lagu­na Games and founder of Cryp­to Uni­corns, about the sus­tain­abil­i­ty of P2E-focused blockchain games. 

For Beireschmitt, the evo­lu­tion from a play-to-earn to a play-and-earn mod­el sug­gests that there is still exper­i­men­ta­tion and mat­u­ra­tion to be seen for these games. “Noth­ing has changed about mak­ing games,” says Beireschmitt, but with blockchain tech­nol­o­gy, cryp­to natives and gamers are now able to play, own and poten­tial­ly mon­e­tize from these play-and-earn­ing mod­els. The larg­er ques­tion at hand is, is it sustainable? 

The paradigm and sentiment shift of P2E gaming

Regard­ing the shift in sen­ti­ment around P2E and how Cryp­to Uni­corns is approach­ing it, Beireschmitt said it is “chart­ing a path to sus­tain­abil­i­ty through the com­bi­na­tion of eco­nom­ic farm­ing sim­u­la­tion” along with the real-time “skill-based gam­ing loops” to attract more users into its ecosys­tem. These gam­ing loops not only need to have a sem­blance of form and func­tion, but also need to be fun and engag­ing for play­ers, accord­ing to Beireschmitt. 

How­ev­er, he also acknowl­edged that blockchain based games are not for every­one and Cryp­to Uni­corns tar­get demo­graph­ic are more in line with those who are cryp­to native. 

Accord­ing to Beireschmitt, there is a lack of “incen­tive align­ment for free-to-play,” where­by devel­op­ers max­i­mize on extract­ing val­ue from the minor­i­ty of play­ers who spend in free-to-play games. This dis­par­i­ty cre­ates a “mis­match in the par­a­digm,” where­by Web3 gam­ing enables play­ers to reach a new lev­el of auton­o­my and own­er­ship when it comes to in-game items, assets and skill. 

For Beireschmitt, this is what makes the play-and-earn mod­el “com­pelling,” since play­ers can poten­tial­ly earn along the way while play­ing their favorite game. Web3 not only enables play­ers’ prove­nance and own­er­ship, but with gov­er­nance mod­els, play­ers and par­tic­i­pants are now empow­ered to take “own­er­ship of the direc­tion the game, ecosys­tem and IP (intel­lec­tu­al prop­er­ty),” said Beireschmitt.

In-game economies are a work in progress 

In-game economies have proven to be a stick­ing point for most play-and-earn games. When dis­cussing the fac­tors that are nec­es­sary for in-game economies to be sus­tain­able in the long-term, Beireschmitt explained that one fac­tor that aids is the dynam­ic between pas­sive and active play­ers. Pas­sive play­ers are those who invest in active play­ers to progress them­selves in the game. 

How­ev­er, Beireschmitt empha­sized that for the dynam­ic to be sus­tain­able, “skill-based gam­ing loops” and “token sinks” must be imple­ment­ed because this returns the play­er back to the econ­o­my and ecosys­tem. As Beireschmitt put it, most play-and-earn games are still sort­ing their tran­si­tion from “growth phase” to “mat­u­ra­tion phase,” but he does firm­ly believe there are “bright futures in the days ahead!”

For more on the dis­cus­sion with Aron Biereschmitt, lis­ten to the full episode of NFT Steez. Set your reminders and tune into NFT Steez Twit­ter spaces air­ing every oth­er Fri­day at 12 pm ET!

The views and opin­ions expressed here are sole­ly those of the author and do not nec­es­sar­i­ly reflect the views of Cointelegraph.com. Every invest­ment and trad­ing move involves risk, you should con­duct your own research when mak­ing a decision. 



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