How tried-and-tested Web2 models could help Web3 games thrive
Play-to-earn games took the world by storm in 2021, and at their peak, some enthusiasts in South East Asia were able to supplement their incomes by getting involved.
However, a crushing bear market and a series of hacks changed all that, and to make matters worse, the tokenomics within top-tier titles were unsustainable, meaning the rewards on offer had to be drastically reduced.
Some gamers are also dismissive of the proliferation of nonfungible tokens (NFTs) and cryptocurrencies, arguing that they take the fun out of the experience by making everything about money. Ubisoft is just one of the big brands that has faced negative feedback from its customers.
Even for players who are open to nonfungible tokens, getting involved can be an expensive endeavor. In-game assets aren’t always cheap, especially when gas fees are factored in. And there’s also the risk of a disappointing return on investment.
As Web3 looks to cement its position as the future of online gaming, some projects are trying to achieve the best of both worlds — building on the successes of Web2 titles while offering a higher degree of personalization through NFTs.
Many of the biggest games over the years — including Fortnite and Counter-Strike: Global Offensive — managed to reach mass audiences for two reasons: They offered a quality experience, and they were free to play.
Now, one Web3 title is vowing to tick both these boxes, and has warned that user numbers in this nascent sector won’t grow unless games offer thrilling and affordable experiences.
Source: 3VERSE
3VERSE allows players to use profile picture NFTs to battle others in a competitive, turn-based strategy game that is easy for beginners to understand but challenging to master.
The 12-strong team behind
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