P2E Gaming is Undergoing a "long maturation maturation": Founder of Crypto Unicorns, Aron Beierschmitt
Renowned crypto game enthusiast Aron Beierschmitt recently talked with NFT Steez on the long-term viability of blockchain-based play-to-earn (P2E) games. Aron Beierschmitt is the founder of Crypto Unicorns and CEO of Laguna Games.
P2E games, which allow participants to earn cryptocurrencies or other assets through in-game actions, have recently received much attention. Given that, Play-to-earn games are among the most secure methods to earn cryptocurrency and non-fungible tokens (NFTs). Also. they have gotten a lot of criticism for being too focused on money rather than gameplay.
Aron Beierschmitt Take on Blockchain based P2E Games
According to Crypto Unicorns' founder, the shift from a P2E to a play-and-earn approach suggests that there is still an opportunity for experimentation and development in crypto gaming.
To begin, Beierschmitt thinks merging economic farming simulation with engaging and skill-based gaming loops is the key to creating a sustainable play-and-earn gaming economy. In addition, he underlined the significance of having "token sinks" to reintroduce players into the ecosystem and economy.
Moving along, Beierschmitt did agree, however, that games based on blockchain are not for everyone. Moreover, Crypto Unicorns' target audience mostly comprises crypto-native individuals.
He observed that traditional gaming models lack "incentive alignment for free-to-play," which may result in a "mismatch in the paradigm" for players. Web3 gaming gives users a new level of autonomy and control over in-game assets, objects, and skills.
Beierschmitt believes that play-and-earn games offer excellent possibilities but are still transitioning from the "growth phase" to the "maturation phase." He said that most P2E games are still figuring out how to balance active and passive players and that the dynamics between these two groups are critical for the long-term viability of in-game economies.
The Growing Blockchain Gaming Industry
At a CAGR of 70.3% between 2022 and 2027, the worldwide blockchain gaming industry is expected to expand from $4.6 billion in 2022 to $65 billion, as per a Business Wire report. Funding for blockchain games is on the rise, helping fuel the industry.