Lillion

In August 2021, Axie Infinity generated its peak monthly revenue of $365 million. In one month. Then it came crashing down. Just 7 months later, monthly revenue was just 1% of that peak: $2.2 million.It&#39;s easy to point and laugh, but Axie is solely responsible for bringing &#34;play-to-earn&#34; into mainstream awareness. As it entered that public attention, play-to-earn brings up a lot of very basic questions to the everyday person.So I&#39;m going to share my answers to those questions after all the reading that I&#39;ve done. First:What is play-to-earn?In simple terms, it means that players buy in-game currency using fiat money, they convert that in-game currency to in-game items to start playing, and playing generates that in-game currency, which they can sell back to fiat money. That&#39;s the current model of converting playing time to money.What&#39;s the opportunity?Huge. Axie peaked at 2 million players. Pokemon Go reaches 80 million players every month. We know gaming is popular (see: everything). We know earning is attractive (see: Axie). We need to solve the combination. Doing so could bring a LOT of people to crypto.Is it too good to be true?So far, yes. In the case of Axie Infinity, too many players caused the supply of the in-game currency to balloon, which meant the earning rate per hour went down. Players stopped playing when that happens. Nobody has figured out the secret sauce to a sustainable play-to-earn economy.How do you fix it?You have to create two experiences: one for &#34;earners&#34; and one for &#34;players&#34;. Earners play the game for money. Players play the game for entertainment and social status. Earners sell &#34;in-game shortcuts&#34; to save players time. This is compared to Axie, which largely had earners selling to other earners who were just later to the game. (This is not new, by the way. Gamers from the 2000s knows that this dynamic existed between gold farmers running bots in Asia and &#34;real&#34; players elsewhere in the world. Play-to-earn is basically a sanctioned version of that dynamic.) So you need a well-made game, which has always been a brutally difficult task. You need strong status symbols, which are hard to predict if you&#39;re not working off of existing brands and IP. You need finely tuned knobs and levers that control the economy. Easy, right?Who&#39;s the next team to try this?As Axie fades, a new game called STEPN is a rapidly growing game attempting to fill its shoes. It&#39;s a different game concept, but it faces the same set of challenges as Axie. They have a lot of work to do, so I hope they&#39;ve learned from history.How Mortalblock Is going to be different?At Metaegg we are working on all those drawbacks and by learning form the failure of other projects we are building a system which counter most of the issues Axie and STEPN has, the game of supply &amp; demand need to be balanced in order to make gaming economy healthy.For more info Join:Mortalblock: <a href="https://twitter.com/mortal_block" rel="noopener noreferrer nofollow">https://twitter.com/mortal_block</a> Metaegg: <a href="https://twitter.com/Metaegg_io" rel="noopener noreferrer nofollow">https://twitter.com/Metaegg_io</a>

What is Play-to-Earn & How it's changing the Gaming Market?

Lillion

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