Play to Earn is a New Normal in Blockchains
Since 2021, I have seen that we are seeing some new blockchain-based games almost every month. By the end of 2021, the big list on the dApp radar has now turned into a new database of games sorted by blockchain.
Almost every blockchain fighting for commercial attention supports the game developers for deploying the game on their chain. Many chains with commercial backend are developing their own games and releasing it on a chain to get the attention of the gamers and the investors.
What does this tell you? This tells you that games are here to stay, you can't run away from them. Don't like them? Ignore them but others will play, earn and invest in them as when possible.
Play to Earn Model
Almost every game on blockchains opens up a free version of play to earn. And then makes users pay for the extra NFT and the items to continue expanding the play to earn model.
This model has been broken in many games. But many games have managed to sustain this model while keeping price, development and rewards on balance tip. This will take a lot of iterations before games can find golden middle.
Pay to Play Trap
Not a single blockchain out there is running charity. And they want the game developers to add the gate. So they make sure to bring the NFT component in the game so that users are forced to buy one. Take example of chumbivalley which wants you to buy NFT before you play.
Once you are invested in the platform financially, you will be used to develop the game further and keep the ecosystem financially functioning. Because let's face it not all blockchains are magic money.
Splinterlands Did it Better and Axie Nailed it Better
Remember when the axie infinity players bought the land using the money earned from the game? Remember some of the good players from the splinterlands who are making killings in past?
Splinterlands has managed to get the trading card game model much better than the others like Gods unchained, etc. As those are extremely painful to learn. Axie on the other hand has managed to keep the balance between the player earning and pay to play side.
What do you think?
You can ignore games and metaverse all you want. But there are options and people are going to jump into them. With crypto or with FIAT, people want something to do in their life. And with pandemic destroying jobs and the economy, if the games are making people money, so be it, isn't it?
What do you think? Do you think play to earn is a new future?
Posted Using LeoFinance Beta