As the hype surrounding game-to-play (P2E) games and platforms begins to wane in early 2022, Web3 players are starting to emphasize the need to make games more “fun” and less financially oriented.in a recent episode NFT StitzAlyssa Expósito and Ray Salmond chat with Aron Beireschmitt, CEO of Laguna Games and founder of Crypto Unicorns, about the sustainability of P2E-focused blockchain gaming.
For Beireschmitt, the evolution of the play-to-earn-to-play-to-earn model shows that these games have yet to experiment and mature. “Nothing has changed in making games,” Beireschmitt said, but with blockchain technology, crypto natives and gamers are now able to play, own, and potentially profit from these games and earning models. The bigger question at hand is, is it sustainable?
Paradigm and Emotional Shift in P2E Gaming
Regarding the shift in sentiment around P2E and how Crypto Unicorns is approaching it, Beireschmitt said it is charting a path for sustainable growth “by combining economic farming simulations” with a real-time “skill-based game loop” to attract more users ecosystem. According to Beireschmitt, these game loops not only need to have a similar form and function, they also need to be fun and engaging for players.
However, he also admitted that blockchain-based games are not for everyone, and that the target demographic of crypto unicorns is more in line with crypto natives.
According to Beireschmitt, there is a lack of “incentives for free-to-play games,” where developers maximize value from the few players who spend in free-to-play games. This difference creates a “paradigm mismatch,” where Web3 games enable players to achieve new levels of autonomy and ownership over in-game items, assets, and skills.
For Beireschmitt, that’s what makes the “play and earn” model “compelling,” as players can earn money along the way while playing their favorite games. Not only does Web3 support player provenance and ownership, but through a governance model, players and participants now have the right to “steer the direction of the game, the ecosystem and IP (intellectual property),” Beireschmitt said.
The in-game economy is a work in progress
It turns out that the in-game economy is the crux of most games for money. In discussing the factors necessary for the long-term sustainability of the in-game economy, Beireschmitt explained that a helpful factor is the dynamic between passive and active players. Passive players are those who invest in active players to progress in the game.
However, Beireschmitt stressed that for the dynamics to be sustainable, a “skill-based game loop” and “token sinks” must be implemented, as this brings players back to the economy and ecosystem. As Beireschmitt puts it, most games and money-making games are still sorting out the transition from “growth stage” to “mature stage”, but he firmly believes “there is a bright future in the days ahead!”
For more information on discussing with Aron Biereschmitt, please make sure listen arrive full episode NFT Steez. Set your reminders and listen to the NFT Steez Twitter space every other Friday at 12pm ET!
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