Ushering in a new era of Web3 gaming by making Play-to-Earn sustainable
With the Web3 gaming sector often employing unsustainable play-to-earn economic designs, a service economy approachable gamers to earn without having to invest. While 2021 will primarily be remembered for the explosive price appreciation seen across crypto assets and NFTs, blockchain gaming also saw a rapid expansion in user adoption and blossomed into taking up more than 50% of all activity across the blockchain industry. Most of these Web3 games employ a play-to-earn (P2E) economic design where players are rewarded for their time, efforts, and in-game accomplishments. Combining the core gameplay with economic mechanics, most P2E Web3 games rely on rewarding gamers with in-game items in the form of NFTs or with the platform’s native tokens. This model, however, has proven to be highly un sustainable in bear markets and has compelled Web3 gaming entrepreneurs to shift to a hybrid solution involving both NFTs and fungible tokens (FTs). Offering better liquidity on account of fungible...