The emergence of blockchain has created the idea to integrate blockchain technology with gaming. The concept of Play-to-Earn rises as it creates a decentralized economy which creates an equal opportunity for gamers to earn not only wasting their time.
Web 3 gaming is one of the utilities that has been discovered in the blockchain which attracts a lot of developers to build. It was all hype in 2021 along with the NFT hype, although, it seems like we entered “the slope of enlightenment” as described in the theory of hype cycle by Gartner.
Doubts about Web 3 gaming take place.
The Issue in Web 3 Gaming
- Does not Bring Value to Players: The value of playing a game is the excitement to get entertained. The game should focus on the FUN and have players excited to get entertained. What I see players are not having fun while playing most of the Web 3 games.
- Poor Tokenomics: The token should be the component to enhance and support the fun. Think of it as playing NBA 2K MyPlayer Mode where you will get money if you achieve accolades let's say beating opponents 3on3. Level up your players and grind until your players have certain attributes. Then you can trade your players.
- Seen as a Yield farming with Game Attached to It: It should come as no surprise that some projects suffer double losses once the bear market hits and more participants start selling off their reward tokens to meet their costs.
What Should be Changed?
Web 3 gaming developers must change their mindset. Which is making a good product.
Good Gaming Product = Fun Game
Why is this important? It is to attract more organic followers!
Secondly, that also important need to have a way to keep players longer. Create level and progression and make it more challenging to reach the end game.
Lastly, a game that has a well-designed tokenomics!
More on how to analyze and determine a good tokenomics is here
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