Blockchain gaming and the play-for-profit model was prevalent in 2021, but over time, the model has fallen behind as some kinks were exposed and the non-perishable token (NFT) and cryptocurrency market experienced some speed bumps. It is safe to say that the sector is “down, but not out” and it is entirely possible that blockchain gaming will experience another 2021-style boom once the market regains its momentum.
On Friday, NFT Steez, a bi-monthly Twitter space hosted by Alyssa Exposito and Ray Salmond, met with the founders of Crypto Raiders to discuss the state of blockchain gaming and the future of play-for-profit projects. According to the founders, Crypto Raiders is an NFT-based dungeon crawler and in the loop, all of them agreed that the current blockchain gaming scene should focus on sustainability and “fun” first.
Can the Play and Earn Model Work in Web3 Games?
During the interview, founder Nick Kripner talked about adopting “hybrid models” to play and win games, and Krippner stated that the current feeling is more than that, given the “short-term interactive” nature of humans and the quick belief that they should be fired.
However, Kreupner acknowledges that while it’s natural to assume the worst, in reality, “the [P2E] model needs multiple adjustments and trials, before it really works.”
In fact, the team at Crypto Raiders has been sorting out and sorting out the capabilities of hybrid models and how this might act as an interaction between games made on and off the blockchain.
Krebner said it is important to note:
“Where do [the player’s] earnings come from?”
This sentiment stems from the current landscape of play-and-for-profit models that generally derive their profits from new players, which is why they are often seen or portrayed as Ponzi.
According to Kreupner, the hybrid model will appear as both pay-to-play (P2P) and free-to-play (F2P). In this hybrid model, new players can easily enjoy the game for free but will need resources, or in this case, in-game assets cultivated by P2P players to progress.
Related: Crypto Raiders Explains How Blockchain Games Are Attracting New Users to Web3
Fun on “finance” is the path to mass adoption
When asked about concerns about monetizing fun and games, Crypto Raiders realized that both traditional and Web3 gamers are concerned that monetization of game mechanics can tarnish their hobby.
As a solution, Crypto Raiders prefer “play to own” rather than “play for profit” as a way to return the value players receive with the source compared to AAA games. Although many gamers have expressed their desire for more ownership and independence when it comes to gaming, Kreupner stated that it is not surprising that gamers think negatively of Web3 players.
“Gamers are really resistant to microtransactions” so when it comes to NFT games the backlash is to be expected but interestingly, many gamers would love the opportunity to be in the gaming sector “while making money with it,” Kripner says.
While traditional gamers seem to have an aversion to Web3 games, David Titarenco emphasized the importance of game accessibility when it comes to adoption. In terms of the setup and success of the Web3 game, Titarenco formulated the idea process as follows:
“Get your grandmother in the Midwest to play.”
Follow us and listen to the full episode of NFT Steez!
The opinions 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 do your own research when making a decision.