At the beginning of the year, few were impressed by the phenomenal growth of Play2Earn modding games like Axie Infinity. Decentralized finance is on the side of the game industry, forming the long-awaited GameFi sector.
What to replace the Play2Earn model and why? Why is the gaming industry turning to creating virtual worlds and what tables can retail investors get their hands on? Why is Create2Earn more sustainable than Play2Earn?
Let’s dig deeper into a major question: how to get a piece of this staggering $218.7 billion pie expected By 2024, it will become the scale of the game industry.
Play2Earn ups and downs
In the gaming industry, the Play-to-Earn (Play2Earn or P2E) model has replaced the classic Pay-to-Play model. It’s a revolutionary idea that comes with a new wave of technology: Gaming is no longer a hobby for teenagers, but a multi-billion business that can even help people pay their bills.
Ideas from the DeFi space (decentralized finance) have helped create an entire in-game economy where people can invest and make money simply by playing the game. But most importantly, in contrast to centralized games, all purchased in-game items are made as non-fungible items, so they are unique and fluid even outside the game world.
The huge success of Axie Infinity is an immediate testament to the brilliance of the idea. arrive By November 2021, just 6 months after launch, the user base will reach 2.7 million. At some point, however, growth has frozen. By April, the number of monthly active users had nearly halved.
A high entry price might discourage an aggressive influx of new users, but it won’t immediately drive away existing players.some will blame $600 million hack, but it started to drop before that, looks like a spillover from the whole Play2Earn model.
Create2Earn for long-term investing
In fact, most market participants are starting to worry about P2E’s short-termist tendencies, which are starting to damage gaming infrastructure. Ultimately, this could cause investors to lose all their money after the bubble burst. How can we prioritize long-term growth over short-term gains?
In the traditional world, the answer would be regulations. Maybe tech giants like Facebook or Microsoft planned this for their virtual worlds, but the blockchain community has its own answer.
In order to increase the sense of responsibility for Metaverse, the game must be managed by the DAO, a decentralized autonomous organization. Gamers themselves will be able to create and sell NFTs, in-game businesses, and infrastructure within the Metaverse, determine the rules, and manage the ecosystem, as they are the most interested parties. So they become meta-entrepreneurs.
Create2Earn has Appeared In the field of MetaFi, as the intersection of Metaverse and decentralized finance. Gamers themselves will create in-game businesses. The Metaverses will be inhabited by players who will be the creators of the world, bringing fun to the game, and more opportunities for long-term sustainable growth, as creators have the greatest connection to their creations.
Where can I find seats in the MetaFi space?
The market growth opportunities associated with Create2Earn still allow us to get the best seats on projects that are at an early stage. The NFT Moon Metaverse is an example of such a project. In May, the UAE-based company is sailing the DAO ship into open water and selling for the first time an avatar that will manage the virtual world.
The premier city will be called Moonopolis. For cities to be decentralized, there should be a community of decision makers who will collectively make all decisions. Each avatar will have voting rights and will participate in building a sustainable universe.
It is for this purpose that the first 5,000 avatars will be sold during the pre-sale and subsequent public sale. In addition to governance perks and the best prices, early birds will also get other benefits. CLEVER management experience clearly explains all the benefits.
- create: Avatar can create Any type of business or any other part of the metaverse infrastructure. Avatars will be creators of NFTs and meta-startups to sell or upgrade their creations.
- study: Avatar can study Learn in the Monopolis education system and gain new skills that help you thrive in a virtual environment.
- earn: Over 300 possible ways to avatar earn in the universe. It can be passive or active income, selling ID cards to new citizens or renting lunar plots, etc.
- vote: Avatar can vote: Each avatar can directly influence the direction of the project and decide which moves are better for the ecosystem.
- enjoy: Avatar Club enjoy your meal The best point of view when it comes to fun activities and immersive experiences. After all, making money should also be fun.
- rule: The avatar has all the instruments rule Build your virtual world in a sustainable way, and as the developers put it, “wise and transparent adjudication creates a revenue stream for you”.
Generally speaking, in the early stages of the market, it makes the most sense to sit in the front row and join projects that can create NFTs and directly influence the development of Metaverse as part of a DAO.
In May, this opportunity was provided by the NFT Moon Metaverse. The project’s transparency and open source code make it trustworthy, and Create2Earn’s new industry moves make it a lucrative deal.
How to become an avatar?
The NFT Moon Metaverse sale of the first 5,000 DAO avatars will take place in two phases:
- Early birds will grab the first 500 DAO avatars on May 15th at the best price of 0.08 ETH;
- Then 4,500 DAO avatars will be sold during the May 17th public sale, but the price is already 0.1 ETH.
To participate in the pre-sale and buy one of the first 500 avatars, it needs to be whitelisted: after registration Discord, the developer will whitelist eligible candidates and send a notification about the pre-sale start.exist FAQ part of the website or in the social media of the project.