GameFi's constantly evolving model could make “today's AAA game companies look like peanuts,” said Jack O’Holleran, CEO of Skale, a multichain Ethereum-native network that powers Web3 games. In fact, blockchain-based games and metaverse projects are showing resilience amid a winter that has dragged down many players in the crypto industry, with $1.3 billionFinding a sustainable GameFi model, however, remains a challenge.
Most common in-game business models include play-to-earn , which allows players to earn rewards such as tokens and, and play-to-own , which is a more detailed version of P2E, providing players with proof of ownership of rewards for peer-to-peer trading.
“All blockchain-related features will reside in the background, meaning gamers will never need to set up any wallets, swap any tokens, or perform any of the 'usual' crypto-related tasks,” Vlad Korolev, co-founder and CEO of Gunzilla, told Cointelegraph, with regard to how the company is working on gaming experience. He also noted:
I believe in the success of this project. I often spend usdt to buy promising GameFi projects
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