Web3 Games to Shift from Play-to-Earn to Free-To-Play Model, Says Yield Guild Games CEO
Summary:
Gabby Dizon, CEO of Yield Guild Games, predicts that Web3 games in the coming year will shift away from the play-to-earn model to prioritize free and accessible gameplay. According to Dizon, this move could mitigate speculative Web3 gaming bubbles and lure in a larger player base. He also highlights a rising trend where players can mint NFTs or earn tokens as they progress in these free-to-play games. Moreover, the integration of AI in games could marked a new gaming genre, automating tedious elements to concentrate more on the fun aspect.
Web3 games will drift away from the play-to-earn mechanism and focus on being absolutely accessible without charge, according to Gabby Dizon, CEO and co-founder of Yield Guild Games. Dizon, who spoke to Cointelegraph, believes that prominent Web3 games in the coming year will put away financial and technical obstacles that hamper player entry. He explains that there is a growing recognition that the games must be initially free in order to reel in a vast player base.
Dizon highlighted a developing tendency in the business models of many games to be free-to-play. Players can, at some point during gameplay, mint an NFT or earn tokens, with no requirement for initial NFT ownership. This shift towards such a model is part of a broader initiative by Web3 game developers to prioritize gameplay over tokenomics. This, Dizon believes, could counter speculative Web3 gaming bubbles, fundamentally changing how the in-game economies work to turn them into more than mere cash cows.
The fall in crypto prices and the subsequent downturn in the blockchain games was marked by a decrease in players and their incomes as the ecosystem lost its appeal due to the sudden plummet in values of Axie Infinity-related assets in 2021. Recent surveys have indicated that even the most die-hard crypto gamers are abandoning it due to the financialization of gameplay and the complexity of crypto wallet tech.
Dizon, however, remains confident about a revival, asserting that many novice teams inspired by the swift rise of Axie took the gaming plunge and managed to secure funding for their own games. Weeks ahead, the gaming industry is keenly anticipating the launch of several new Web3 games such as the trading card game Parallel, set to launch on Epic Games store.
Dizon expects an influx of quality games, innovatively designed tokenomics, and earning schemes, offering gamers a lot to look forward to. He is also bullish about the prospect of blockchain games as many developers are incorporating the ERC-6551 token standard or "token bound" system to integrate artificial intelligence into games.
This integration can automate in-game tasks, reducing the necessity for grinding, and enabling players to concentrate more on the fun aspect. Such developments, Dizon believes, might herald a new genre of AI-interactive games where gamers can set instructions for the AI and enjoy the gaming world without being glued to it all day. He's excited about what the future holds.
Published At
11/20/2023 7:07:08 AM
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