![]() ![]() We can even look to EVE Online to see how big complex game economies can spill over into the real world and interact with traditional finance. While speculation in the likes of Magic the Gathering Online and Second Life are well documented. For example, P2E (Play-to-Earn) has existed in the gold farming and power levelling of MMORPGs, most notably World of Warcraft, for many decades. ![]() There are many existing examples in games, gambling, business and finance already. Rapid devaluation, unenjoyable gameplay, player churn and even outright collapse of the underlying financials of the game.Īlthough tokenomics may seem new, the underlying concepts are not. Well designed tokenomics means a fun game, increasing value and lifting profits. Getting the tokenomics right is the fundamental base on which a successful crypto game is built, especially as the tokenomics can be difficult, if not impossible, to fix once the tokens and smart contracts have been deployed, and are out in the wild. So we can consider each participant as having a quotient of each motivation, similar to Bartle types. However, it is increasingly clear that these roles are complex and blurred: Players become investors, investors may also develop aspects of the game and so on. In crypto games we are aligning the motivations of these developers, players and investors – all of whom may take distinct profits from the running of a single game. When theoretically perfect, a game’s tokenomics align the motivations of various parties from creating a profit for a developer, in a simple model, all the way to being the defining aspect of fully decentralised and autonomous projects with millions of participants and billions of dollars in market capitalisation. The term defines the interaction between various blockchain and decentralised technologies. ![]() Tokenomics is the portmanteau of ‘token’ – specifically a crypto token or coin – and ‘economics’. We will cover crypto technologies, their applications and the underlying motivations at play. This article was written as a complete introduction and reference guide for developers, publishers and investors. But it is also complex and oftentimes confusing. As a central concept to crypto gaming, tokenomics is a fast emerging field in game design. ![]()
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