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- Web3 games, powered by blockchain, introduce new business models that promise to share in-game ownership with the players;
- Play-to-earn (P2E), pioneered by Axie Infinity, has emerged as the default model that, despite being very appealing in theory, raises some practical and ethical concerns. As of today, it’s difficult to predict how sustainable it is in the long run;
- After benchmarking 40+ web3 games, we came up with 5 ingredients of a successful game, which we’ll illustrate through a case study focused on The Sandbox that appears to have all the ingredients for long-term success;
- While it’s too early to be sure of anything yet, we believe that successful web3 games will be the ones that manage to combine AAA-quality graphics with sustainable models, backed by solid tokenomics, synergetic partnerships and creator-focused gameplay. The future for mass adoption of web3 games is not in play-to-earn, but rather in play-and-earn.