A thought on #P2E and #GameFi
Consider two types of gamers:
1. The Consumer: players who play for the love of the game.
2. The Farmer: players who play to earn.
Consider two types of gamers:
1. The Consumer: players who play for the love of the game.
2. The Farmer: players who play to earn.
1/
As with any business, the goal of games and their devs is to maximize profit.
For a game to do well in the long-run, you need Consumers spending > Farmers earning.
Anything else is unsustainable since the deficit is paid for out of the coffers of a Game's finite treasury.
As with any business, the goal of games and their devs is to maximize profit.
For a game to do well in the long-run, you need Consumers spending > Farmers earning.
Anything else is unsustainable since the deficit is paid for out of the coffers of a Game's finite treasury.
2/
Good games convert many players into Consumers.
Consumers become net spenders when they get >$1 of value out of the game for every $1 they spend in the game.
The challenge is to create >$1 (non-financial) value for Consumers.
Good games convert many players into Consumers.
Consumers become net spenders when they get >$1 of value out of the game for every $1 they spend in the game.
The challenge is to create >$1 (non-financial) value for Consumers.
3/
Some common elements in games that make money:
- Entertainment (often from P2P interaction)
- Sense of achievement/fulfillment from winning, perhaps from reaching a new level or beating other players
(What else is there?)
Some common elements in games that make money:
- Entertainment (often from P2P interaction)
- Sense of achievement/fulfillment from winning, perhaps from reaching a new level or beating other players
(What else is there?)
4/
This framework of thinking about GameFi works for some games only ofc.
If you disagree with any of my thoughts above, feel free to reply or dm me.
End.
This framework of thinking about GameFi works for some games only ofc.
If you disagree with any of my thoughts above, feel free to reply or dm me.
End.
If you want to learn more about GameFi, I'll be putting out more content
You'll also want to follow the chads below
You'll also want to follow the chads below
https://twitter.com/Darrenlautf/status/1495580702829694978?s=20&t=-xTSggCK94ocSgFzb0KOkg
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