Sales from the NFTs then go towards funding rewards for those who earn tokens by playing, and the tokens, the game’s native cryptocurrency, can in turn be cashed out. In Axie Infinity, users buy and breed cute blob-like creatures called Axies in the form of non-fungible tokens that are authenticated on the blockchain. The problem with P2E, as seen by See Wan Toong, a former senior technical director at Electronic Arts and CTO of web3 gaming startup Red Door Digital, is that users have to spend money upfront to start playing. Instead, they want to build games that are both fun and sustainable, while introducing cryptocurrencies as a novel way to incentivize gamers as well as creators.
Their vision is to counter the public impression that web3 games, popularized by P2E, are all scammy and trashy. “Most GameFi developers are not game developers,” says Maciej Burno, who’s spearheading the new metaverse business of Polish gaming studio Reality.īurno is among a spate of blockchain-believing gaming veterans around the world trying to take blockchain games to the mainstream.
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