GameFi Corner - Sustainable play to earn economy models with Guild of Guardians and Gods Unchained
Tokenomics - Limiting extraction through core loops and & token design
The key analysis here is to practice new alternatives for creating more appealing and sustainable gameFi economies. One of the major issues presently is the fact that the majority of the games have allowed too many users to just enter the ecosystem by simply grinding in-game and sell all earnings for a profit. Thus, we would like to propose a model which will help to solve the overly simplistic Open Economy, the so called ‘Hybrid Economy’.
So far, the Open Economy proved to be somewhat destructive for the play to earn space since players have just basic options to either:
Burn to mint NFT
Sell token
From these activities, there are no signs of real gamers participating since these activities do not even require users to become involved with the game.
That is where the Hybrid Economy model is ready to make the difference, combining both on-chain and off-chain resources. Therefore, when gamers look a their earned tokens, they should think where to allocate their resources to improve their experience instead of just selling or burning tokens.
Consequently, some of the suggested solutions to keep the player engaged with gaming blockchain platforms are:
Enhance gameplay
Breed, craft, upgrade, repair items or NFTs
Create cosmetics, consumables, or purchase off the marketplace
Level up characters
Guild of Guardians - The right game to be built on the blockchain
Nowadays, many gaming genre innovations pose a risk with lots of games quitting. That is why most of successful games rely typically on two or three different gaming genres such as MOBA, RPG or FPS. Another challenge is the Web 3 integration and the evasion of UX hurdles, meaning that blockchain games have to become so good that players want to play them over anything else.
So why Guild of Guardians then?
First of all, it is an RPG style and it is mostly well suited into the mobile gaming category. Guild of Guardians fits in the group where most revenue is to be made in the blockchain games. In 2021, the CAGR for mobile games is 59%, and Guild of Guardians developed both the right genre and other suitable characteristics which we are going to mention in the next paragraphs.
So, Guild of Guardians has been able to step up the motivation player factors, being able to raise the standard and find reasons why a good RPG blockchain game is more meaningful than a traditional one.
Here are the comparisons:
Gods Unchained - Royalty Fees for Secondary Market Transactions
A new source of income for game developers / creators has been implemented within the Gods Unchained environment, and that is Royalty Fees for Secondary Market.
Expect those fees to be added in marketplaces such as OpenSea, TokenTrove and Immutable X.
According to the Gods Unchained team, the main purpose of this move is to create a stronger and more sustainable play-to-earn ecosystem so that tokens can be distributed to active players as rewards. This can be done thanks to the 20% allocation of its Royalty Fees in the $GODS staking pool.
It sums up as a great opportunity for game developers to gain more recognition to find more sources of income as well as trusted Gods Unchained Players that can be nicely rewarded from the $GODS staking pool.
Gaming blockchain technologies Ajuna and Integritee are using
In this thread, we would like to share some useful insight provided by the CEO and Chief Technology officer of Ajuna and Integritee companies.
First of all, it is necessary to identify whether gaming needs blockchain or blockchain needs gaming. Currently, many games on the blockchain that are presented as decentralized, still do operate on a centralized server.
Thus, the advantages of having a game fully decentralized means the game can be playable forever and NFTs stay there forever too, as usable in-game assets.
GameFi technologies which the speakers have mentioned:
Substrate technology - much faster block time
New technology on a side chain solution - where companies can really scale and get the necessary speed.
Trusted Execution Environment - building up a real democratic approach on a whole game engine infrastructure.
About Ajuna
Ajuna serves as a layer helping the developers to decentralize their game ideas. The term of abstracting in crypto means the ability to hide cryptographic details from program developers that they don’t need to know about.
So their goal and value proposition for game developers is to abstract the blockchain as an infrastructure.
However, it has been mentioned that markets should not be abstracted, so users can access all possible markets, giving the players the whole blockchain ecosystem as interoperable. Polkadot is one of the good examples mentioned in the real-life practice mentioned by the CEO of Ajuna.
Metasoccer rewards are live
Metasoccer has recently added the possibility for players to earn rewards in the single-player mode. Owners of Metasoccer NFTs can already try out this freshly added feature and create some extra income with the in-game tokens provided.
Another big change Metasoccer has dared to do so is the addition of a new attribute known as the ‘player condition’.
The reason behind this lies in the effort of making the game more realistic and truly measure the progress of each player. Therefore, footballers’ qualities such as stamina and physicality have been carefully inserted in the gameplay.
These characteristics are measured with a bar showcasing the fitness level of a player and see whether he can perform in the next match or not.
Further advancements that are expected to be implemented soon include:
Injuries
Fitness
Substitutions
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⚠️ Disclaimer: Information is for educational purpose and not financial advice