Best P2E Games

Sustainable Economies In NFT Games

Sustainable Economies In NFT Games

Game Review 

Sustainable Economies in NFT Games, What to do?

In the past couple of years, Play to Earn games have taken the internet by storm and have strongly questioned the conventional gaming models. The dynamics have switched from Pay to win to Play to Earn.

Sustainable Economies In NFT Games
Sustainable Economies In NFT Games

The traditional approach requires players to pay money to play and win in the game.

Moreover, it also made players spend more in terms of loot boxes, in-game content, and more.

On the contrary, the P2E games have their own in-game economies based on NFTs and blockchain technologies.

NFT Games; learnings!

We share some important points in a sustainable NFT games economy.

Sustainable Economies In NFT Games
Sustainable Economies In NFT Games

The biggest challenge for P2E games is to build a loyal fan base. The blockchain and NFT opens up a shiny prospect of profitable gameplay which attracts opportunists and profiteers instead of a loyal fanbase.

For a loyal fan base, the developers need not solely focus on attracting people via monetary rewards but also put effort into attractive gameplay. Moreover, NFTs must be introduced in the game that bodes well and supports the game itself, and not go against the purpose of the game.

A loyal fan base can only be created while attracting gamers towards the game first and then towards digital ownership.

Next, the distribution of tokens is an important step for the game economy. The distribution of large amounts of tokens in private sales may result in an imbalance that will harm the economy.

This will leave no room for gamers to earn token rewards via playing the game. The unfair distribution of tokens and NFT’s will lead players to ignore the game altogether. So only a limited edition of items should be released in private sales.

Sustainable Economies In NFT Games
Sustainable Economies In NFT Games

The in-game usage of the token is also necessary where players should have the opportunity to mint in-game NFT’s using utility tokens. The spent tokens then make their way to the reward pool and redistribute via a staking mechanism.

An appropriate vesting period is also necessary for a GameFi project. A sudden sell-off of a huge number of tokens by an investor will result in token price crashing down.

This will result in a failing economic system of the game as well as the devaluation of the token for those holding it. Similarly, locking up tokens by early investors for a longer period would increase the bounce rate of new interested investors.

So a balance is needed in the vesting period for a successful economic base of a game.

Read about Axie and its economy.

Gaming News

Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.

Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.

If you want to stay up-to-date of my daily game news, then follow me on Google News.

Sustainable Economies In NFT Games

If you like this game, share it with your friends:

Facebook
Twitter
LinkedIn
Reddit
WhatsApp
Telegram
Pinterest
Skype
VK
Email

Find our Best P2E Games list. All games are included with reviews and links to the game review page. Have Fun!

More Games

Related P2E Games: Play To Earn Crypto, NFT, Web3

Poly World – Game Review

Poly World is an exciting and highly anticipated free-to-play creature-collection blockchain NFT game that is set to be released in the near future. With its unique blend of gameplay and NFT collectibles, PW is a game that is sure to appeal to a wide range of players. Whether you are a fan of creature-collection games or simply enjoy the thrill of collecting and trading NFTs, Poly World is a game that you won’t want to miss. Keep an eye out for its release and be one of the first to experience the magic of Poly World. Poly World is an innovative and unique game that combines elements of both Web2 and Web3 to create a truly one-of-a-kind gaming experience. By introducing monetization into a rich and immersive game world within the RPG genre, Poly World appeals to a wide range of players, including casual gamers, blockchain gamers, NFT collectors, and crypto fans. Regardless of your interests, Poly World is a game that offers something for everyone, and the ownership of the game resides with you, the player. With its combination of gameplay, collectibles, and monetization, PolyWorld is a game that you won’t want to miss. Poly World Game Prologue: If you are a fan of Pokemon and enjoy the thrill of collecting and battling creatures, then you will love Poly World. This upcoming RPG game offers a rich, open-world metaverse filled with breathtakingly beautiful environments and magical creatures. In the game you can catch, train, and fight your own team of Polymons, just like in Pokemon. And, of course, one of the most exciting aspects of Poly World is the ability to trade your Polymons with other players. Whether you are a casual gamer or a hardcore enthusiast, Poly World offers an immersive and engaging experience that is sure to keep you entertained for hours on end. Poly World Tokenomics: The game features a variety of NFTs that are usable across multiple platforms and games on the Ethereum network. The base token of the game is the ERC-20 token POLY, which players can use to make in-game transactions such as purchasing items, paying event fees, and participating in tournaments. In addition, the game offers players the opportunity to own their own digital land in the game’s metaverse, known as POLYLAND. These unique NFTs, known as LAND, can be used to construct, populate, and host events and other activities within the game. Whether you are a collector or an active participant in the game, Poly World’s NFTs offer a wide range of opportunities for players to engage with the game and its virtual world. The game has lands that are backed by blockchain, making them NFTs. So, a player can own these lands in the metaverse. This makes polylands have two types of lands: player-owned lands and game lands.

Read Game Review »

Heroes of Mavia – Game Review

Heroes of Mavia is a solid addition to AAA blockchain-based builder games. This builder game lets you build bases, grow and improve your army, and fight enemies to conquer territories. Heroes of Mavia has 4 segments Create a base to repel invading enemies. Your base is your residence, and it must be protected by all means. Build strategically placed walls, turrets, and traps to keep opponents away from your valuable Gold, Oil, and RUBY riches. Command a force of infantry, vehicles, and aircraft. Choose from a variety of infantry, vehicle, and air troops to attack enemy bases and conquer territories. Each unit has unique weaknesses and strengths, so you require a proper strategy to best utilize your arsenal RUBY and other in-game materials can be earned. You can earn RUBY in a variety of ways, including successfully defending your base, winning offensive fights, removing base obstructions, completing challenges, and more. Oil and gold are in-game resources that your base makes, as well as resources that your army can steal from opponents’ bases. Upgrade Base, Hero, and NFT Statue. Heroes of Mavia Token and Gameplay: RUBY can be used to improve the worth of your NFTs in the game. Bases can only be upgraded by using RUBY to raise the HQ level. Besides, Heroes assist your army in defending and attacking your base. Statues boost your overall performance. This play to earn game requires you to effectively command your army like a general and use strategy to win your battles. Moreover, the game is playable along with other online users, whose bases you can choose to attack, and when they come knocking on your door, you better be ready to defend.

Read Game Review »

IguVerse: NFT 2.0, Play-to-Earn Rewards, and Blockchain-Powered Pet-Centric Innovation

IguVerse, a groundbreaking Play-to-Earn Social Game, integrates pet ownership with cutting-edge blockchain technology. Revolutionizing the NFT landscape, the GameFi application introduces User-generated NFTs, ushering in NFT 2.0. The innovative “Socialize to Earn,” alongside “Move to Earn” and “Play to Earn,” diversifies gaming experiences. Users engage in simple tasks like sharing pet photos, earning $IGUP tokens. The virtual pets, embodied as NFTs, possess attributes influencing rewards. The game’s dual-token framework involves $IGU as the primary currency and $IGUP as rewards. Players craft and upgrade NFT pets using these tokens. Daily rewards at 00:00 UTC incentivize active participation. Energy levels, reflecting pet functionality, can be recharged through engagement in the three game modes. Inactivity inflicts damage, requiring $IGUP for restoration. Community responses indicate positive earning experiences but highlight technical issues, including bugs and obstacles in the “Move to Earn” game. Users praise the app’s potential while noting areas for improvement. IguVerse emerges as a unique fusion of blockchain, NFTs, and Play-to-Earn mechanics, reshaping the gaming landscape.

Read Game Review »

Upland: Tokenized Real Estate Adventure in the Metaverse – Game Review

Upland is a play to earn metaverse game like the board game Monopoly. Upland is a blockchain-based game where players can buy and sell virtual properties based on real-world maps. It uses a collectible model and its native token UPX is built on the EOS blockchain. Players can earn passive income by owning multiple properties and unique landmarks. The game has its own marketplace and a custodian web3 wallet for users. However, the UPX token is a one-way currency and cannot be redeemed for fiat or other cryptocurrencies. While the game is a great concept, its business model is not fully tailored for blockchain adoption. The game requires players to buy tracts of digital land and build their real estate business in the virtual world. Like the real world, in this EOS blockchain technology-based virtual world, the land is addressed according to real-world places. Therefore, making it possible for the virtual land to have actual value like the real world. Moreover, players can invest in digital land properties which are NFTs, and then put them up for sale and rent. Upland Review: Upland is a blockchain-based game where players can buy fake land based on a map of the real world. The game is built on the EOS blockchain, which gives players ownership contracts that prove they own a certain object. Like Ethereum’s NFTs, these ownership contracts give people full control over their digital assets and make it easy to trade, sell, and earn interest from them. One of the coolest things about Upland is that you can buy your real house in the game, as long as it is in San Francisco. This function adds a personal touch to the game and makes it more fun for people who care about their real-world property. The main way to play Upland is to move around the 2D map of the real world and buy any property you see. To buy a house, you need UPX, which is Upland’s native token built on the EOS system. Players start out with 6,000 UPX, which they can use to buy their first home. For $5, you can buy more UPX with a bank card, credit card, or even another cryptocurrency. Once a player owns a piece of land, they can earn interest based on how much their property is worth. Also, if you own multiple pieces of land in the same area or unique properties like museums, you can get collectibles that work as passive skills and increase your monthly income.

Read Game Review »

Best P2E Games list 2024

Sustainable Economies In NFT Games

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.