Yield Guild Games Co-Founder’s Insights on Web3 Gaming
Gabby Dizon, co-founder of Yield Guild Games, advocates for a strategic shift in Web3 gaming towards free-to-play models. This approach, he believes, is crucial for mainstream adoption.
The Shift from Play-to-Earn to Free-to-Play
In 2024, the most impactful Web3 games will transition from play-to-earn to free-to-play. This pivot aims to dismantle financial and technical entry barriers, making these games more accessible to a broader audience.
Dizon highlights the evolution in Web3 gaming business models. Unlike games requiring initial NFT purchases, future successful Web3 games will start free, with opportunities to mint NFTs or earn tokens as players progress.
Prioritizing Gameplay Over Tokenomics
The shift towards free-to-play is part of a broader initiative focusing on engaging gameplay first, with tokenomics playing a secondary role. This approach aims to create enduring gaming experiences that encourage players to reinvest in the game, preventing it from devolving into a mere cash generator.
The downturn in blockchain games and crypto prices, especially following the Axie Infinity asset collapse, signals the need for change. Dizon notes that the overemphasis on financial aspects led to a decline in player engagement and enjoyment.
A New Wave of Quality Web3 Games
With significant funding received in late 2021, many experienced teams have been developing high-quality Web3 games, expected to launch in late 2023. These games promise innovative tokenomics and earning models, elevating the gaming experience.
The integration of AI in gaming, particularly with the ERC-6551 token standard, is a development to watch. This technology allows players to automate mundane tasks in games, enhancing the overall experience.
The Future of Web3 Gaming
Dizon envisions a new gaming genre where AI handles the grind, allowing players to focus on the more enjoyable aspects. This innovation could redefine the gaming landscape, making it more appealing and accessible.
