Bitget’s managing director, Gracy Chen, has advocated for a significant paradigm shift in Web3 gaming from the prevailing “play-to-earn” model to a more inclusive “play-and-earn” approach. This change aims to attract mainstream gamers by emphasizing engaging gameplay alongside the potential for earning, a move that could redefine player experiences in blockchain-based games.
In the conversation, Chen pointed out the flaws in the current focus of many Web3 games, which prioritize economic incentives over gameplay quality. This approach often leads to games that fail to engage players meaningfully, as seen in past projects like Axie Infinity.
Chen suggests that the future of Web3 gaming lies in creating games that offer both compelling play and earning opportunities, thus retaining players’ interest over longer periods.
The Role of Web2 Founders in GameFi
The entry of experienced Web2 game developers into the GameFi sector is seen as a positive influence that could drive the transition toward more player-centric games. These founders bring a wealth of experience in creating immersive and enjoyable gaming experiences, which is crucial for the evolution of the Web3 gaming landscape.
Despite the criticisms of current GameFi projects’ quality and high valuations, the sector continues to attract significant investments. Chen advises investors to focus on projects that not only have completed products but also prioritize user experience.
The recent involvement of big gaming companies in Web3 games underscores the growing interest in this area, despite ongoing challenges in developing player-centric projects.
Pixelmon’s Example: Potential and Pitfalls
The case of Pixelmon, a Pokemon-inspired GameFi project, illustrates both the potential and pitfalls of current Web3 gaming investments. After securing significant funding and ownership changes, Pixelmon is still in the early stages of game testing, highlighting the slow progress in delivering a finished, player-focused product.
As the industry continues to evolve, the shift towards “play-and-earn” could potentially increase both player satisfaction and the longevity of Web3 games. This approach promises a more balanced model where gameplay and earning opportunities coexist, potentially leading to a more sustainable and appealing gaming ecosystem.
The ongoing transition in the Web3 gaming industry, marked by the infusion of traditional gaming expertise and a focus on enriching player experience, signals a promising direction.
By aligning more closely with traditional gaming values while leveraging the unique capabilities of blockchain technology, the sector could very well overcome its current shortcomings and tap into a broader audience base, setting the stage for the next generation of gaming innovations.
