Reddit Co-Founder Thinks Most Gamers Will Play Play-To-Earn Games Within the Next 5 Years

Reddit co-founder Alexis Ohanian claims the play-to-earn model is the future of gaming, and that most gamers will be playing such games within the next 5 years, with the next cycle to be focused on fun gameplay.

Jun 1, 2023
by Dragan
Reddit Co-Founder Thinks Most Gamers Will Play Play-To-Earn Games Within the Next 5 Years
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Reddit co-founder and Seven Seven Six founder Alexis Ohanian has recently posted a Twitter thread in which he reaffirms his positive stance on play-to-earn gaming by claiming that such a model will be a standard in the future while stating that most gamers will play such titles within the next 5 years.

Ohanian starts off his thread by claiming that most gamers within the next 5 years will not play games that do not value their time accordingly, and that the ones that do value their time will utilize the play-to-earn model, which he describes as a model that allows for players to “earn rewards that have real-world value just for playing.” These rewards “generally come in the form of in-game digital assets,” that is, NFTs and cryptocurrencies, which players can trade “outside the game for real cash.”

While this isn’t a new concept, as Ohanian himself points out by providing examples such as the sale of virtual property in Entropia Universe for $635k in 2010 and the more recent sale of a CS:GO skin for $500k this year, thanks to new innovative blockchain technologies, he says that developers now have a wider range of options to choose from for rewarding players for “something they've already been doing for free for years.” Ohanian then goes on to add that “this model also provides studios with a new way to monetize without having to harvest their users for ads.” 

As tends to be the case with cryptocurrencies, and especially NFTs and play-to-earn games, the response to his thread was of course a largely negative one, despite putting emphasis on “engaging gameplay” and stating that the reason gamers will want to play such titles “will be as simple as this game is fun and my friends play it.”

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