“Play-to-earn” is an insidious new phrase that has made its way into the gaming world over the past year. The concept of getting paid with in-game money or funds that have real value may appeal to a small group of gamers right now, but Reddit co-founder Alexis Ohanian believes the sentiment will grow exponentially over the next five years.
Why does the Reddit co-founder think “play-to-earn” will be 90% of the gaming market in five years?
Alexis Ohanian had this to say about the “play-to-earn” model during the episode of December 23, 2021 from the Where It Happens podcast:
“90% of people won’t play a game unless they’re well rated for that time. In five years you will really appreciate your time. And instead of being harvested for advertisements, or robbed for dollars to buy stupid hammers that you don’t actually own, you play a similar game in the chain that will be just as fun, but you will earn real value and your shall be the reaper.”
For most gamers, this prediction seems completely disconnected from reality. After all, we all play games for fun, right? Who cares what Alexis Ohanian thinks about gaming trends?
Unfortunately, the financiers and management behind most game companies are just like Ohanian. Time and again player sentiment has been ignored in favor of what is most profitable. As negative as the gaming community is now towards NFTs and crypto in games, we are going the same way as when Horse Armor became a big meme. Publishers have maxed out players with DLC, season passes and microtransactions and we are about to enter the next phase.
Proponents of “play-to-earn” usually fall into one of two demographic categories. It could be young, low-income gamers who usually play grindy, monotonous titles. Alternatively, and those who will push this the hardest are predatory businessmen who foam at the prospect of getting a little royalty money from every trade a player makes in a “play-to-earn” title. .
In other news, a Battlefield 2042 developer admits repairs are taking too long, and we ask which studio Sony will buy next.
[Source: Business Insider]