Bringing MMO dynamics to Web3 business models

Web3 space has made its mark in the financial spectrum and is now set to capture the entire gaming market. It has been heralded as the future of engaging with people and businesses. However, the tech we use in Web3 is newly built and requires us to find behavioral parallels in massively multiplayer online games (MMOs). These virtual worlds are plac... See more

Immediately upon entering the Web3 rabbit hole, one realizes that it’s hard to talk about crypto without also talking about gaming — specifically a highly financialized form of “gamification” revolving around microtransactions and “play-to-earn” (P2E) incentive design, whereby players win real tokens with real financial value for specific behaviors... See more

The most famous example is Axie Infinity. In order to play, prospective gamers have to buy or rent an Axie from an existing player. The game economy works because new players buy Axies from old players in hopes of reselling those Axies to newer players who join after them.