NFT.NYC: Play-to-Earn is not dead, but game publishers are looking for alternatives

The Play-to-Earn (P2E) concern exemplary whitethorn not beryllium dead, but crippled publishers and developers are exploring alternatives to regenerate it, according to a sheet astatine the NFT.NYC 2023. Cointelegraph squad was connected the crushed successful New York to bring exclusive insights from the NFT event. 

According to the CEO of gaming level OP Games, Chase Freo, companies that branded themselves arsenic P2E are shifting their strategy amid the crypto prices downturn. "It's a exemplary that is not sustainable astatine all," helium noted, citing Axie Infinity's displacement successful immoderate of its flagship titles arsenic an example.

From left: Chase Freo, Minoru Yanai, Paul Flanagan, and Paul-David Oosthuizen astatine the NFT.NYC 2023. Source: Cointelegraph

Minoru Yanai from Minto, a Japanese manga and anime plan company, said that crippled companies are present "looking astatine play and fun, and sometimes gain oregon swap," adding that players tin inactive gain tokens and rewards, but publishers and developers are much focused connected being sustainable and flexible.

Also speaking astatine the panel, Paul Flanagan, caput of concern improvement astatine Estonian mobile crippled developer CM Games, claimed the halfway occupation with P2E models is that it is simply a "zero-sum". "As we each know, astir of them are Ponzi schemes, truthful if you are putting branding sponsorship arsenic a root of wealth that mightiness work, but we inactive request to spot that happening," helium said.

Related: Play-to-Earn vs. Move-to-Earn explained

Alternatives flourishing successful the manufacture see marketplaces and partnerships that let players to instrumentality tokens to the crippled ecosystem alternatively of playing and liquidating them, the panelists noted. "More companies close present are trying to marque definite that the crippled has a truly bully halfway loop that enables these players to enactment backmost immoderate they gain into the game. That's precise challenging [...]. I don't deliberation Play-to-Earn is ever going to travel back, but determination volition beryllium variations of however it's going to look similar successful the future," stated Freo.

Speakers connected the sheet besides highlighted that the Web3 gaming manufacture is seeing much tangible products connected the marketplace pursuing years of development. Especially successful East Asia, a amended regulatory situation is besides allowing Web3 gaming companies to rise much funds and question alternate concern models, arsenic good arsenic solutions to amended players' experience.

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