Play-To-Earn gaming is currently a gaming model that is widespread among the Web3 and Crypto gaming space. Working through the integration of blockchain technologies, gamers can earn money from the games they play. A big change from traditional games that, while rewarding, lack inherent real-world value.

Counter Strike: Go was one of the only titles to feature a kind of economy that brought some sort of inherent value through its in-game skins. However, many will be aware of how that ended…

While Blockchain titles are evolving dramatically, so is the competitive/pro gaming scene. We’ve seen EV.io and Axie Infinity overhaul in tournaments around the world, which is amazing as more tournaments have been announced for 2023.

@CYBAVO

Web3: The Early Days

Many are quick to judge Crypto and Web3 games. Just like when the Internet was first being developed, traditional investors were quick to shun it, unable to comprehend what the future held for what is now known as “Web2.”

Fast forward to 2022 and the internet is now a place for more than just searching the web. People can start empires, raise vast amounts of capital, and revolutionize their industries from a computer screen.

Web3 still showing growing pains, especially the models that govern the games. Early crypto games are incredibly hard to get into due to NFT prices, and the gameplay is mediocre and downright boring. It’s only the last year that we’ve seen developers really take Web3 games into the unknown with the utilization of Unreal Engine 5 technologies.

Web3: Esports Adoption

Esports titles like Call of Duty, Rocket League, and Fortnite are exciting, action-packed games. When played by the best players from around the world, they have viewers on the edge of their seats wanting more.

Also, these games are played by millions and are also watched by millions. The industry is worth a lot at this point with major brands lending a hand in the proceedings.

If games within the Web3 space want to flourish in the future, the current “Play-To-Earn” model needs to evolve. The aforementioned Web2 games have distinct characters and a drive for competition and skill. Compared to many Crypto games, which require time and effort rather than skill.

@ The Cryptonomist

Gameplay and skill will be heavily integrated into the more unique titles we’re seeing more and more of a presence in the space. Following this advance, “Win-To-Earn” will become the accepted gaming model for the future of gaming.

AxieGG spokesman and player Chief has provided his input on the discussion. He has over 4 years of experience in the Web3 gaming space, making him a very experienced old man. He had this to say:

“Win to win. Because that’s how you generate publicity, build social media, and create a narrative. You don’t win just by pressing a button. You win because you deserve it by winning.”

This is a great take, because as lucrative as the Crypto game is for people in all corners of the world, the models are currently not sustainable. Games are heavily reliant on constantly expanding player bases, which can have implications early on.

And as we’ve seen this year, game tokens have plummeted despite players continuing to interact with titles. Which in itself might discourage people from continuing to play or even joining in the first place.

Win To Earn is an interesting concept and we hope to see a prosperous future for Web3 games as we move into 2023 and beyond.

Happy gaming!