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<h2 id="header-0">Quick Takes:</h2><ul><li>The traditional Web2 games usually have a planned economy built upon a closed-loop ecosystem or an isolated entity.</li><li>The economic model in Web3 games is set to enable industrial and real-world interoperability based on an open-loop ecosystem.</li><li>The revolutionary Web3 game economic model would bring disruptive changes to the current gaming industry.</li></ul><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/8b094577e03a48c596b8e9f8880e563c.png" /></p><p>If you are someone who enjoys playing video games, be that console games like The Legend of Zelda or PC games like Minecraft, you probably would feel a sense of reclusiveness from the real world once in a while. Exploring a life elsewhere in an isolated gaming world would undoubtedly bring on such a feeling, but that’s not the only reclusive thing we can discuss. The games mentioned above both fall into the more general category of Web2 games, isolated features of which are sufficiently reflected in their economic model.</p><p>Web2 games tend to have a rather planned economy, with the gameplay designed as a closed-loop ecosystem or an isolated entity. Game developers have tremendous power in regulating the in-game economy. In contrast, players have to follow the rules established by the game official to win or better enjoy the game. Gamers often appear vulnerable to profit-oriented game officials and whale players. For many, gaming is supposed to be a getaway from the real world where money rules, yet the actual experience they are having may not seem that ideal and even reflect some real-life sufferings.</p><h2 id="header-1">Nascent Web3 Game Economic Model</h2><p>Web3 games, emerging along with the rapidly developing blockchain industry, have come to provide vast gamers with another choice. Compared with the traditional Web2 games, Web3 games are relatively nascent and have a very different economic model referencing the market economy. They aim to allow interoperability not only across the industrial ecosystem but also with the real world based on an open-loop ecosystem design.</p><p>The economic model of Web3 games comprises an in-game loop and an outer loop, with players and assets being the core considerations in it. On the one hand, the in-game loop is powered by technical innovation and sophisticated tokenomics, with a goal to maintain an equilibrium of the production and consumption of players. On the other hand, the outer loop is powered by technical solutions for cross-chain and business development through partnerships, aiming to build secondary markets to facilitate the value appreciation of game assets.</p><p>In the world of blockchain-based Web3 gaming, players can truly own their in-game assets in the form of tokens and NFTs, have a voice over the game&#39;s development, and even generate real-life benefits. Money or financial status may still exert their impact here, but time commitments and creativity would also bring a regular player social status in the game and a sense of self-actualization. Meanwhile, game developers can still facilitate the in-game economy to the best of their ability but are not supposed to overpower the collective stakeholders and players. These would altogether greatly enhance the gaming experience of Web3 gamers.</p><h2 id="header-2">A Promising Gaming Industry to Expect</h2><p>As for the meaning of such a revolutionary economic model to the whole gaming industry, we can surely foresee some disruptive changes coming on the way.</p><p>The in-game assets ownership secured by the blockchain technology as the immutable public ledger would become the driver of innovation and participation. Developers would be driven to create better content continually, and players would be motivated to get more involved in playing and constructing the game. This would drive up the demand and supply balance and constitute a functioning in-game loop. In the meantime, with an economic loop set up outside a Web3 game, economic exchanges with other ecosystems and even the entire industry would be well facilitated, establishing external financing, external credit, and even more.</p><p>The settlement of the in-game and outer loops would greatly assist transactions both in and outside the game, thus helping the game gradually establish its value and market consensus with the increase in the transaction volume of the inner and also outer cycles. Therefore, on top of the better player experience and satisfaction discussed earlier, the innovative open-loop economic model would help Web3 games have a longer life cycle and their economy to be more sustainable. And a more collective model for game expansion can also be expected for sure.</p><p>We have every reason to believe that it would only be a matter of time for the Web3 game economic model to help reshape the gaming industry.</p><p></p><h2 id="header-3">About MixMarvel</h2><p>MixMarvel is the world&#39;s leading blockchain content-incubation platform and creators community. By in-depth exploring the open world and integrating world-renowned IP with high-quality content, MixMarvel connects investors and mass users through asset distribution, content publication, DeFi tools, infrastructure, community co-creation, and other diversified scenarios in a new ecosystem of dapps. Its ecosystem comprises a broad portfolio of FT/NFT assets, including the MIX, RPG, and HEROES tokens; blockchain content, including the GameFi application DeHero; and infrastructures, including Rangers Protocol and MixMarvel SDK. For more information, visit<a href="https://linktr.ee/MIXMARVEL" rel="noopener noreferrer nofollow"> https://linktr.ee/MIXMARVEL</a>.</p>

WEB3 Games Economy Revolutionizes the Gaming Industry

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