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Gabby Dizon, co-founder of Yield Guild Games, said that in 2024 the most popular Web3 games will no longer be pay-to-earn (P2E) but will be free-to-play to attract players.
Dizon told AskFX that unlike Axie Infinity Classic, which required players to purchase at least three Axie NFTs to play the game, the new Web3 games would remove as many financial and technical barriers as possible.
There is a great realization that in order for millions of people to be able to play a game, it must first be free to play.
He said that there is an evolution in the business model where the games start as free-to-play and at some point you can earn tokens or mint NFTs while playing. However, many new games do not require ownership of an NFT from the start.
Dizon explained that this move to a free-to-play model is part of a larger effort by Web3 game developers to put gameplay first and tokenomics second.
He said the shift is an essential part of the solution to speculative Web3 bubbles. Dizon explained that by developing games, players want to continue playing and reinvest their capital in the game, the in-game currency does not become a money-generating device.
Due to the sudden decline in Axie Infinity’s assets at the end of 2021, the blockchain gaming industry also experienced a decline. Players and revenue have left the ecosystem.
October 2022 surveys showed that even the most die-hard crypto gamers were leaving in droves, due to the over-financialization of gameplay, lack of fun, and confusion surrounding crypto wallet technology.
Dizon claims that all this will soon change.
He said: “After Axie gained popularity two years ago, a lot of very experienced teams saw its rapid rise and thought, ‘Now that it’s an industry, maybe I can do better by creating my own Create a game.’”
The majority of these teams received funding until the end of 2021. It takes around two to three years to create a good game.
Dizon, along with other Web3 gaming leaders, has been eagerly awaiting the launch of several new Web3 games in the fourth quarter of 2023. One such game is the November 16 open beta launch of Epic Games’ blockchain-based trading Card Game Parallel.
He said: “Expect a lot of quality games with quality teams and new experiments in tokenomics, earning models, etc. ” (* ) Related:
Illuvium, a blockchain game, is now available on the Epic Games Store Dizon cited the ERC-655 token standard, or “token-linked” accounts in the gaming space, as a reason for excitement for future blockchain-based games. Some developers are using it to integrate artificial intelligence (AI) into games.
Dizon explained that you can add AI behaviors to an avatar and give it specific instructions, such as: “I want “That you go out into the world and make me a weapon, kill some monsters, and then bring back the treasure.” The wallet is embedded in the avatar so you can check it a few hours later. It’s like, “Oh, I got those things back.”
Dizon believes this type of automation will reduce the amount of grinding required in games. This allows players to focus on the fun things while the AI takes care of the boring parts.
He said: “I think it will be the beginning of a new genre of games where you interact with the AI without having to play all day.” “You can set parameters for the AI and you can set the game
Things are about to get interesting, man.
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