AAA gaming companies will look like peanuts as GameFi evolves: Skale CEO

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Better than Modern Warfare 2? Hard to believe, but we're here for it.

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:

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I believe in the success of this project. I often spend usdt to buy promising GameFi projects

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90% of GameFi projects are ruining the industry’s reputationA mix of over-hyped trailers and unfulfilled promises in the delivered products is hindering the GameFi industry from achieving its full potential. NewsGalaGames pNetworkDeFi HuobiGlobal justinsuntron ask these people how a game project can be ruined. And the US fell right into their ploy with massive money printing and lockdowns 🥺 inflation Game projects should focus on actual playability.
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