Reddit Co-Founder and Industry Experts on Play-to-Earn

Reddit Co-Founder and Industry Experts on Play-to-Earn

Play-To-Earn Games News, P2E Games News | 11 Apr 2024 06:11 UTC

The way people play games is changing, with "play-to-earn" games getting a lot of attention. This new idea gives players crypto tokens or NFTs for their in-game accomplishments. Some industry experts and investors, like Alexis Ohanian, think this model will work in the long run, but others aren't so sure.

Alexis Ohanian, who helped start Reddit and started the venture capital firm Seven Seven Six, has spoken out in favor of "play-to-earn" games. He thinks that in the future, gamers will want to be paid for the time they spend playing games. "Within five years, most gamers will stop playing games if they aren't worth what they're worth." Ohanian backs up his claim with examples like the success of Axie Infinity and the high sales of NFTs in games like Counter-Strike: Global Offensive (CS: GO).

But even with Ohanian's help, the play-to-earn economy of the game Axie Infinity, in which he has invested, took a big hit in early 2022. The prices of tokens, like the in-game SLP reward token and the AXS governance token, have dropped, which makes people worry about how well the model will work in the long run. This raises valid concerns and means that the problems that "play-to-earn" games may face need to be looked at again.

Critical voices and different points of view

Even though Ohanian is still optimistic, many cryptocurrency executives and game developers are not sure if the "play-to-earn" model will work. The CEO of Azra Games, Mark Otero, says, "I am not a fan of play-to-earn games." Otero says that this model might not be a good long-term solution for the gaming industry, so its viability needs to be carefully looked at.

The General Manager of Solana Games, Johnny Lee, has an interesting alternative point of view. Lee put DeFi products in the same category as games that let you earn money by playing them. He says, "Play-to-earn games are not even games; they are actually DeFi products." Lee's point of view goes against what most people think, blurring the lines between games and decentralized finance and raising important questions about what play-to-earn games are and how to classify them.

Finding the right mix of fun and money

One of the biggest problems with the "play-to-earn" model is that it puts more emphasis on making money than on having fun. Wildcard's Marketing Manager Phineas Totten says that gamers have always valued games more for how much fun they are than for how much money they make. Totten says, "Gamers have never calculated how much money they make from a game, and they shouldn't start." The main way to measure the value of a game is by how much fun it gives you. This point of view emphasizes how important it is to keep the core of gaming experiences while also thinking about adding extra incentives.

What does Play-to-Earn mean?

Play-to-earn games let people earn real-world money or things like cryptocurrency by playing. In games, players collect valuable items that they can trade or sell for money. Blockchain technology is used in these games to create a decentralized economy that gives players more power and makes the games more fun.

Play-to-earn games are appealing because they offer something unique. They let gamers turn their skills and gaming time into money, turning their hobby into a possible way to make money. Players no longer have to think of gaming as something they do just for fun. They can now, however, take part in an up-and-coming digital economy in which their work and achievements directly earn them money.

The popularity of play-to-earn and not-for-fun (NFT) games has a big impact on the gaming industry as a whole. It challenges traditional economic models and gives players more power by spreading out ownership and control of assets. This change in the balance of power makes the gaming environment more fair and open. The players will take an active role in the game's economy. As play-to-earn games become more popular, they are changing the way games will be made in the future. It gives players exciting chances to take part in, make money from, and add to the ever-changing world of interactive entertainment.

The crypto and gaming industries are still arguing about the future of "play-to-earn" games. Alexis Ohanian and other supporters think that it will be widely used. The problems with Axie Infinity's play-to-earn economy, on the other hand, show that it needs to be carefully looked at and changed. Critics say that the focus shouldn't just be on making money, but also on making games that people like to play. As the industry changes, it will be important for "play-to-earn" games to find a balance between rewarding players and putting the focus on fun gameplay.

Reddit Co-Founder and Industry Experts on Play-to-Earn, NFTs, crypto, tokens,
Reddit Co-Founder and Industry Experts on Play-to-Earn

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BLOCKLORDS - Game Review

BLOCKLORDS - Game Review

BLOCKLORDS is a Play to Own medieval MMO grand strategy game, built on Immutable X and Polygon. Grow, gather, trade and join forces, to help your kingdom thrive. As a player, you have complete control over your experience, whether you want to live your life as a farmer or wage war on neighboring nations, the choice is yours. Each BLOCKLORDS hero has their own unique traits, and can be upgraded and developed as you progress through the game, allowing players to carve their own unique experiences. it is one of the first AAA games built using blockchain technology, putting it up there with the best of the best. BLOCKLORDS backers include some of the biggest names in the gaming and web3 space, such as Makers Fund, BITKRAFT and Jump Crypto Creator/Director David Johansson, a former Hollywood & free-to-play game director, envisioned the concept of BLOCKLORDS in 2017. Being one of the first to pioneer blockchain gaming entertainment, Johansson wanted to create a medieval metaverse combining the best features of iconic grand strategy games like Age of Empires (asymmetric civilization design through farming and resource development), Total War (epic battles) and Crusader Kings (dynasty simulation through political warfare and family politics), all woven into a sophisticated Game Of Thrones-esque narrative infused with Tarantino twist. Blockchain technology allows game players to own their own story in BLOCKLORDS with their hero characters, and to star or be featured in custom Hero content, such as the cinematic episodic TV series or BLOCKLORDS the movie. BlockLords Gameplay: Made for gamers, by gamers. The game utilises the Play to Own model, which enables players to be their assets. As players progress through the game, they unlock new traits and skills, leading each player down their own unique path. Empowering players to write their own stories.

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Pegaxy NFT Game: Breed, Race, Earn on Polygon Blockchain

Pegaxy NFT Game: Breed, Race, Earn on Polygon Blockchain

Pegaxy is a horse racing game where you race against other people. The game is based on Pegasus, the mythical horse with wings from Greek mythology. The game lets players race horses, breed them, and rent out horses. There are 12 horses in each race, and the top three get a reward token called VIS. The Polygon/MATIC layer 2 blockchain is what Pegaxy is built on, and it uses a dual-token system. The most important token is Vigorus (VIS), which is mostly used for breeding. But it can also be traded on a number of exchanges for other cryptocurrencies or tokens. The second token is the governance token, which is called Pegaxy Stone (PGX). Its value has changed a lot in recent months. So, not every player might be able to pay for it. Players use PGX to rent other players' Pega NFTs, which they can then use for racing or staking to earn liquidity rewards. Pegaxy Review: Pegaxy horse racing uses a random number generator (random number generator). This will eventually be upgraded to a more visually pleasing 3D version with more skill and strategy components, once the 2nd phase is implemented. Moreover, horse breeding will become even more essential in terms of improving a horse's characteristics through rarer bloodlines. When deciding on how to start playing Pegaxy, there are numerous options: To race, purchase an NFT horse (outlay cost to buy the NFT), Rent a horse for racing (a lower initial investment to race someone else's horse for a set length of time), Race as a Scholar (accept to race someone else's horse for a percentage profit), Horses are bred to produce progeny, which are then raced, Horses are bred to produce progeny, which are then sold on the open market, Earn racing revenue by owning a stadium.

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Zeal  - Game Review

Zeal - Game Review

Zeal is a third-person action role-playing game that is currently in the development phase and has not yet been given a launch date. It is also built on the blockchain technology. As the game is still in development and testing, not much information has been released about it. However, it is known that the game will be competitive and have a high-quality, AAA feel, which sets it apart from other cryptocurrency games currently available. Here’s what we know about Zeal so far: Zeal is a third-person action role-playing game that focuses on character customization and competitive gameplay. Players can expect an immersive online gaming experience with dynamic gameplay. Fast-moving and competitive: In Zeal, third-person player versus player gameplay is fast-paced, requiring quick decision-making and strategy. Even small choices can impact the outcome of an encounter, making it crucial for players to stay on their toes and think on their feet. Fully customizable builds and classes: One of the unique features of Zeal is that it does not have a limited set of pre-defined characters. Instead, the game allows players to create their own identity through customizable base classes, offering a wide range of possibilities for players to explore and differentiate themselves from the community. In addition to customizing their appearance, players can also choose their abilities, manage their stats, and select their preferred master abilities, giving them a high level of control over their in-game character and playstyle. This level of customization not only makes the game more enjoyable, but also helps to make it stand out in the crowded field of action role-playing games.

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Swords of Blood - Hack-and-Slash RPG - Game Review

Swords of Blood - Hack-and-Slash RPG - Game Review

Swords of Blood, the cutting-edge hack-and-slash RPG, is the first AAA high-quality F2P upcoming game on the Polygon blockchain. Swords of Blood is an upcoming mobile and PC game that will build on Artifex Mundi's 2019 award-winning mobile game. The game promises to be fun because it has fast-paced battles, beautiful graphics, and a deep story. It has a free-to-play model and a pay-to-own model. The goal is to give players fun and entertainment. Also, the game can be played on both mobile and PC platforms because it is cross-platform. Hit Box Games LLC, which is run by Artifex Mundi's CEO and game director, has bought the rights to publish and change Swords of Blood, the original mobile game.

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Evolution Land - NFT Game Review

Evolution Land - NFT Game Review

Evolution Land is a blockchain game that uses Darwinia Network's cross-chain technology and features two "continents" on Ethereum and Tron. You may purchase and sell land, manage your space, harvest crops, and construct structures. Moreover, there are 26 continents in total, each with its own blockchain, and the game has over 5 blockchains involved in its lands and NFTS. The platform provides users with virtual real estate and a concept of continents. On these continents, users can buy a land, farm, work on various structures, or hire other users to mine resources on their territory. Players can also buy and sell land on continents, harvest resources and construct buildings, engage in PvP, conduct scientific research, and so on. Fungible and non-fungible coins that are truly owned by the players and safeguarded by blockchain technology where their continent is used significantly in evolution terrain gameplay. In-Game Lands and Their Value: The game already features certain continents on the blockchain. The fourth continent of Evolution Land, the continent of Dawning, will have a total of 2025 lands based on the Huobi ECO Chain. Evolution Land has set aside a total of 249 Lands as reserves, In addition to the center area's resources, there are gold mines, forests, lakes, volcanoes, hills, and other places that will provide for prize distribution, During Crab and Darwinia Network parachain rental offers are for a two-year leasing period, Approximately 1000 acres are in reserve to thank the supporters and the community, The remaining 727 acres of land will go in the auction. An apostle or mining drill is responsible to extract a planet's resources. These resources are tokens that are exchangeable with real money. Furthermore, a user has the liberty to use points to cash out RING rewards in the Happy Lottery. Landowners can get a commission from the apostles and mining drills which can be a significant sum of money!

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vEmpire: The Beginning - Game Review

vEmpire: The Beginning - Game Review

vEmpire: The Beginning is a revolutionary game that was a pioneer in the world of the metaverse. With properties and assets on all major platforms, vEmpire has been leading the way in virtual reality for years. But vEmpire is more than just a game. It's a decentralized autonomous organization (DDAO) that gives players the independence and freedom to make important decisions about their virtual world empire. vEmpire is a play-to-earn, two-player, trading-card, strategy game that lets players compete against each other to conquer territory using their troops. The game is set in the Roman folklore of Romulus and Remus, two legendary brothers who have spent a long time building their armies. In the game, the two brothers battle for the throne after their father's death. Romulus is the man of the people, while Remus is power hungry and will stop at nothing to seize the throne. Players must choose which army to join, and each clan has 51 cards at their disposal. Players must choose 25 cards, and 15 are automatically assigned to enter a battle. Join vEmpire: The Beginning today and conquer the metaverse for glory! vEmpire: The Beginning Tokenomics: The in-game token is called $VEMP and in order to enter a battle, they are required. Moreover, the amount $VEMP will decide your opponents and the earnings of that battle. However, there is also a free-to-play option in the game. It is a 3-round battle mode, and each next round is played with the surviving cards from the previous round. The game is simple but very tactical giving it an exciting experience of power show and earnings. Come and join the empire and rule together with the fraternity.

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Champions Hunters - NFT RPG Champion Monsters Hunt - Game Review

Champions Hunters - NFT RPG Champion Monsters Hunt - Game Review

Champions Hunters is a roleplaying game that uses non-fungible tokens (NFTs) to represent the player's character and other in-game assets. In the game, players take on the role of a hunter who must track down and defeat powerful champion monsters, unlock portals, collect runes, and explore dungeons in search of valuable loot. Along the way, players will uncover the story behind the game and learn more about the world of Champions Hunters. Whether you are a seasoned roleplayer or new to the genre, Champions Hunters has something to offer players of all types. As you play Champions Hunters, you will have the opportunity to collect a wide variety of items that can help you upgrade your character and improve your chances of success on the battlefield. Some of these items are represented by non-fungible tokens (NFTs) that can be used in the game or sold on the marketplace. Along the way, you will encounter various Valdorian non-player characters (NPCs) who can aid you in your quest to defeat the Terror King, a powerful enemy who seeks to capture all of the Valdorian Master Runes. Whether you are working alone or teaming up with other players, Champions Hunters offers an exciting and immersive gaming experience that will keep you coming back for more. Champions Hunters Gameplay. Energy: Just like in real life, your character also has energy. Though unlike real life this energy is quantifiable thanks to an energy gauge. Your hunter has the ability to get tired and will lose their energy with each action performed. Magic Spells and Skills: Magic spells are a great way to speed up movement, recover, and strengthen defenses. Skills are important in combat as they can help you deal more damage and even kill multiple enemies at the same time. Players can acquire more skills and spells by taking specific types of runes to the fairy and she will give you powers in return. Play with friends: After completing the shrine quest you will have the ability to call on your friends to help you combat. But there is a limit to how, when, and for how long you can use this ability.

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Cryptopia - Game Review

Cryptopia - Game Review

Embark on a Blockchain Adventure and Build Your Fortune in Cryptopia free-to-play RPG game. Cryptopia is a free-to-play-and-earn game built on our unique multisig wallet and p2p network embedded in the game engine. It is a virtual world where players can build, trade, and explore in a decentralized environment and sustainable economy. It has elements of so-called 4X games, Tycoon games, and RPGs. The game has four factions, each with unique characteristics and gameplay mechanics. Players can join a faction and work together to build a thriving community while upholding the goals of the faction they chose.

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Planet Mojo - NFT PvP Blockchain - Game Review

Planet Mojo - NFT PvP Blockchain - Game Review

Planet Mojo, a brand-new metaverse that's not just a game but a whole experience waiting to be explored. Get ready to dive into a world filled with NFTs, play-and-own gaming, and a storyline that'll keep you hooked. Let's take a closer look at what makes Planet Mojo the next big thing in the gaming universe! Picture this: you, as a player, stepping into a vast and immersive world teeming with exciting characters and adventures. Whether you're itching to complete quests, engage in combat, or simply soak in the sights and sounds of the metaverse, Planet Mojo has it all. And who's behind this gaming marvel, you ask? Veteran game developers, the real wizards behind the curtain, with experience from LucasArts, Activision, and EA, are weaving the magic on the Polygon blockchain. I remember the first time I stepped into Planet Mojo; it felt like entering a portal to another dimension. The attention to detail, the vibrant landscapes, and the promise of endless possibilities had me hooked from the start. The Artistic Collaboration: Mystic Moose and Concept Art House. Now, let's talk about the visual feast that awaits you in Planet Mojo. Mystic Moose, in cahoots with Concept Art House, is bringing you 3D NFTs that are not just cool but a visual masterpiece. These NFTs add a whole new layer to the gaming experience, making it more personal and collectible. Imagine owning a unique Mojo, a creature born from a special seed, with its distinct features and powers. It's not just a character; it's your companion, your avatar in the metaverse. And with Concept Art House adding their artistic flair, these NFTs are a testament to the creative synergy between two powerhouses. Dive into the Planet Mojo Storyline Alright, buckle up because the storyline of Planet Mojo is nothing short of epic. Picture a world filled with mystical creatures called Mojos, each belonging to one of six clans, each with its own quirks, traditions, and powers. From Leafy to Moss, Flowers to Vines, the diversity is mind-blowing. But, and there's always a 'but' in these tales, Planet Mojo is under threat. The Scourge, a technologically advanced invading force, is wreaking havoc. In response, the Mojos have summoned Champions, specialized warriors ready to investigate and combat the Scourge. And if that's not enough, they're backed by the Ancients, giant sentient beings born from the very elements of the planet. I remember my first encounter with the Scourge; it was a real nail-biter. The adrenaline rush, the thrill of being a Champion, and the responsibility of defending Planet Mojo – it was a gaming experience like no other. Gameplay: More Than Just Games Now, let's talk gameplay. Planet Mojo isn't your typical one-dimensional game; it's a blend of various mini-games, all designed to put the fun first. And let's face it, isn't that why we game in the first place? One standout is Mojo Melee, an auto-chess game with rankings, tournaments, and seasons, promising not just enjoyment but also the chance to pocket some cash. And if land-based adventures are more your style, Mojo Land, a Tournament-fashioned game, awaits. The metaverse thrives on these games, with new mini-games continually being added to keep things fresh. What's even cooler is that Planet Mojo is a decentralized project, where you, the player, are not just a participant but an owner of the game itself. Tokenomics: Your Gateway to Earnings Now, let's talk about the dough – because who doesn't love some extra cash? Planet Mojo operates on a tokenomics system that revolves around 3D NFTs. You, the player, have complete ownership of these NFT characters, and they aren't just for show. Upgrade them, trade them on the marketplace – they're yours to command. And here's the kicker: the game is free-to-play. Yes, you heard that right. Accessible to everyone, no paywall to stand in your way. But don't let the 'free' fool you. While it's not play-to-earn, there are plenty of ways to fatten up your wallet – from investing in NFTs to staking, token rewards, and more. The IDO token for the game is a tantalizing prospect, with details set to be revealed post-2023 as per the Planet Mojo roadmap. Join the Mojo Movement So, there you have it – a sneak peek into the mesmerizing world of Planet Mojo. It's not just a game; it's a journey, an experience, and a community waiting to be explored. Whether you're a seasoned gamer or dipping your toes into the gaming universe for the first time, Planet Mojo has something in store for you. Don't wait; the adventure awaits. Join the fun on Planet Mojo today and discover a metaverse where the real magic is in the hands of the players. Become a Champion, defend the realm, and let the Mojo madness begin!

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Tales of Elleria: A 3D GameFi RPG in the Arbitrum One Ecosystem

Tales of Elleria: A 3D GameFi RPG in the Arbitrum One Ecosystem

"Tales of Elleria" (TELL) is a 3D GameFi (Game Finance) RPG that exists within the Arbitrum One ecosystem. It offers an immersive role-playing experience, allowing players to summon heroes, undertake missions, go on quests, and explore uncharted territories. The game is set in the world of Elleria, which was once a thriving land but was devastated by a colossal dragon named Ignacio. However, the Goddess of Elleria, Elysis, intervened and subdued Ignacio, leaving behind a prophecy. Players take on the role of citizens of Elleria who can summon heroes and use Ellerium, a valuable resource, to defend the city from impending monster threats and fulfill the prophecy. Gameplay in "Tales of Elleria" involves heroes embarking on missions to earn Medals, which enhance heroes, enable quests, and improve equipment. Players must battle formidable monsters to collect resources and rewards. The ultimate goal is to unite with other players and vanquish Ignacio, who resides in an uncharted lair. Summoning heroes is a crucial process that involves integrating them into the player's MetaMask wallet and binding their souls to bring them into the game. The game features 10,000 Genesis heroes with different classes (Warrior, Assassin, Mage, Ranger) and rarity levels. Heroes can be equipped with gear and possess unique skills, which add complexity and diversity to combat. Traits, though currently preset, affect hero behavior during quests. Quests are essential for progression, yielding Elm, Medals, and NFTs (Non-Fungible Tokens). The in-game economy of Elleria relies on various tokens and NFTs, including Heroes, Equipment, Drops/Relics, $ELLERIUM (ELM) as the primary currency representing the Goddess's blessing, and $MEDALS as a supplementary token for daily transactions within the City. The community response to "Tales of Elleria" has been positive, with players expressing excitement and anticipation for the game's release. Some have been following the game's development since the beginning and have shown strong support. In summary, "Tales of Elleria" is a GameFi RPG set in the Arbitrum One ecosystem, offering players the chance to explore the world of Elleria, summon heroes, and engage in epic quests to protect the city from looming threats. The game's tokenomics and unique gameplay elements have garnered interest and support from the gaming community.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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