Play-to-Earn Gaming: The Future of Video Games, Says Reddit Co-Founder
• Alexis Ohanian, Reddit co-founder and a longstanding NFT supporter, has reiterated his belief that “play-to-earn” gaming is the future.
• Play-to-earn games reward players with crypto or non-fungible tokens (NFTs) in exchange for their gameplay achievements, wins, or time invested.
• Ohanian pointed to the successful six-figure sales of virtual assets as evidence that games will inevitably adopt the play-to-earn model on a broader scale.
Alexis Ohanian’s Belief in Play to Earn Gaming
Alexis Ohanian, Reddit co-founder and a longstanding NFT supporter, has reiterated his belief that “play-to-earn” gaming is the future. Despite the recent decline of Axie Infinity, a leading play-to earn game, he took to Twitter to defend his stance claiming most gamers will demand proper value for their time spent playing within the next five years.
What Is Play to Earn?
Play to earn games reward players with crypto or non fungible tokens (NFTs) in exchange for their gameplay achievements, wins or time invested. These rewards hold tangible value as gaming crypto tokens can serve as a store of value allowing players to accumulate virtual assets and resources that possess real world worth. Furthermore these assets can be freely traded sold or utilized across multiple games enabling players to monetize their gaming expertise and investments.
Why Does Ohanian Believe In The Model?
Ohanian pointed to the successful six figure sales of virtual assets such as Entropia Universe’s Club Neverdie and Counter Strike: Global Offensive skins as evidence that games will inevitably adopt the play to earn model on a broader scale.
Why Has Axie Infinity Faced Setbacks?
Although Axie Infinity has amassed over $4 billion worth of NFT trading volume it still faced setbacks in early 2022 with token prices plummeting.
Conclusion
< p >Ohanian remains steadfast in his conviction that play -to -earn gaming will prevail and emphasizes it serves as a trailblazer in the industry . As an investor in Axie Infinity creator Sky Mavis and a backer of Horizon Blockchain Games , he believes crypto and NFT technologies will enable play -to -earn gaming on a broader scale .