Free-to-play Web3 games hold the key to mass adoption – YGG co-founder

The most successful Web3 games of 2024 will shift from play-to-revenue (P2E) and instead focus entirely on free-to-play to attract players, said Gabby Dizon, founder of Yield Guild Games.

Speaking to Cointelegraph, Dizon said that unlike games like Axie Infinity Classic – which requires players to purchase at least three Axie nonfungible tokens (NFTs) to play – the new high-achieving Web 3 game seeks to avoid many financial and financial conditions. Technical barriers to entry as possible.

“There's this big understanding that in order for millions of people to be able to get into games, they have to be free to play first.”

“There's an evolution of the business model where the games are free to play, and sometimes you can spend NFT or get tokens while playing on the road, but a lot of new games don't start out by claiming NFT ownership in the first place,” he said.

This shift to a free-to-play model is part of a broader effort by Web3 game developers to put gaming first and tokinomics second, Dizon explained.

He adds that the shift to virtual Web3 game bubbles is a big part of the solution. By creating games that players want to keep playing, they invest their capital back into the game and prevent the in-game economy from becoming a cash machine, Dizon said.

Blockchain games have seen their own decline in late 2021 as players and revenue left the ecosystem following the sudden collapse of assets linked to AXE Infinity.

According to research conducted in October 2022, even the most satisfied crypto gamers are leaving in droves, citing the fact that gaming has overtaken money, confusion and confusion surrounding crypto wallet technology.

Dizon says all that is about to change.

“After Axi became popular two years ago, a lot of experienced teams looked at the rapid scale and thought, ‘It's a real industry now, maybe I could do better by making my own game.'”

“Many of these teams are funded by the end of 2021, and for a good game, it typically takes two to three years to develop.”

For the past 18 months, Dizon and other Web3 game industry leaders have been looking forward to the release of a series of new Web3 games in the fourth quarter of 2023, such as the November 16th launch of the blockchain-based trading platform Beta Epic Games Store, a card game parallel.

PRIME time is almost here. https://t.co/fXBVvboxx6

– Gaby Dizon | YGG ️⚔️ (@gabusch) November 19, 2023

“Expect to see many high-quality games with high-quality teams behind them, as well as new experiments in Tokinomics and revenue models,” he said.

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As some developers are using it to embed artificial intelligence (AI) into games, Dizon pointed to the in-game ERC-6551 token standard, or “token bound” tokens, as a reason for blockchain-based games to enjoy in the future. .

“You can actually attach AI features to your avatar and give it instructions: ‘I want you to go out into the world, make me a gun, kill some monsters and then return the treasure,'” Dizon said. “Then a few hours later you can see the wallet in it, and it's like, oh, I got these things back.”

Dizon believes that such automation will greatly reduce the amount of “grinding” required in games, allowing players to leave the boring stuff to the AI ​​and skip to the fun parts.

“I think it's going to be the start of a new genre of gaming where you can interact with AI and not play the game all day,” he said. “You set parameters for the AI ​​and let it do things in the game world.”

“Man, it's going to be fun.

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