Nice article. I am bullish on Play2Earn games but nice to read another perspective.
"all these games are very underdeveloped and frankly very boring"
Overtime better and better games will be built. I remember the first mobile games being very basic and kind of lame but now mobile games are much better (and a $90B industry).
"...because their entire business model relies on them being the only supplier Robux"
Yes, they make more profit by being the only one selling Robux. Players don't benefit from this, only the business.
"It’s also against T+Cs so users can face getting banned if caught"
Yup. If I buy an NFT I own it and can do whatever I want with it. I don't want a business telling me what I can and can't do with items that I paid for.
Keep in mind majority of players don't spend money in game. Overtime if the average player can play game A and make $0 from playing and own absolutely nothing in game or play a very similar game B and make $$ from playing and actually own the items they collect in game, what option will they choose?
"Yes, they make more profit by being the only one selling Robux. Players don't benefit from this, only the business."
Businesses exist to maximize their profits under any circumstance, so big developers will only adopt features that help that core mission. The game studios won't jump on board with this tech until benefitting the players with the inclusion of crypto helps increase the company's profits.
I've worked at many tech companies, including some game companies. In my experience, the people at the top who make decisions have no altruism for players and will always go the path that results in more profits because that means the business can keep running and growing.
There may be an economic model where players can be included in the profit-sharing with the company, which increases the companies profits, but we haven't found a solid model for that. I think these current companies getting involved in NFTs, like Ubisoft, see this as a fad they can quickly profit off of and not a long-term change. That's something for us to see.
Legends of Bezogia, due for launch in March answers all of the issues Axie suffers from and will take the play2earn model in a better direction. https://www.bezogia.com/
Great article, imperfectly reminds me of the Great Recession / Dave and Busters episode of IASIP https://www.youtube.com/watch?v=PS691lJzW1E
Thanks for the appreciation. Means a lot.
Nice article. I am bullish on Play2Earn games but nice to read another perspective.
"all these games are very underdeveloped and frankly very boring"
Overtime better and better games will be built. I remember the first mobile games being very basic and kind of lame but now mobile games are much better (and a $90B industry).
"...because their entire business model relies on them being the only supplier Robux"
Yes, they make more profit by being the only one selling Robux. Players don't benefit from this, only the business.
"It’s also against T+Cs so users can face getting banned if caught"
Yup. If I buy an NFT I own it and can do whatever I want with it. I don't want a business telling me what I can and can't do with items that I paid for.
Keep in mind majority of players don't spend money in game. Overtime if the average player can play game A and make $0 from playing and own absolutely nothing in game or play a very similar game B and make $$ from playing and actually own the items they collect in game, what option will they choose?
"Yes, they make more profit by being the only one selling Robux. Players don't benefit from this, only the business."
Businesses exist to maximize their profits under any circumstance, so big developers will only adopt features that help that core mission. The game studios won't jump on board with this tech until benefitting the players with the inclusion of crypto helps increase the company's profits.
I've worked at many tech companies, including some game companies. In my experience, the people at the top who make decisions have no altruism for players and will always go the path that results in more profits because that means the business can keep running and growing.
There may be an economic model where players can be included in the profit-sharing with the company, which increases the companies profits, but we haven't found a solid model for that. I think these current companies getting involved in NFTs, like Ubisoft, see this as a fad they can quickly profit off of and not a long-term change. That's something for us to see.
Legends of Bezogia, due for launch in March answers all of the issues Axie suffers from and will take the play2earn model in a better direction. https://www.bezogia.com/