Mythical Games, a California-based studio that developed non-fungible token (NFT) game Blankos Block Party, focuses more on in-game assets than the earning aspects of its games, Chief Executive Officer John Linden told Forkast on Tuesday at Korea Blockchain Week 2022.
See related article: Play-to-earn game developers pivot to engaging fans
Fast facts
- “We are going to play a little bit with very specialized tokens, but we don’t really call it ‘play-to-earn,’” Linden said. “The way we talk about it now is ‘play-and-own’ because, again, we’re really more focused on the assets.”
- “We really think the focus should be on ownership of these [assets] and being able to trade and sell these characters because there’s natural value in those,” he said.
- Linden’s comment comes as the emerging play-to-earn gaming industry is pivoting to a “play-and-earn” model and focusing more on developing the fun part of their gameplay.
- “The reason why play-to-earn games have not been sustainable to date is that the supply and demand within the ecosystem was not properly designed and was solely funded by the initial investment from new users,” Daiki Moriyama, director of blockchain-based game infrastructure firm Oasys told Forkast last month.
See related article: Failed promises compel South Korea’s game makers to explore foreign shores
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- cryptocurrency
- decentralized
- DeFi
- Digital Assets
- ethereum
- Forkast
- Gamefi
- gaming
- machine learning
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- W3
- zephyrnet
More from Forkast
Recursive inscriptions update to unlock games, more generative art on Bitcoin
Source Node: 2130668
Time Stamp: Jun 12, 2023
How tokenizing real estate can turn the ‘rules’ on their head – by mastering them first
Source Node: 1964076
Time Stamp: Feb 17, 2023
Bitcoin slips, Ether inches up, top 10 cryptos gain as investors remain upbeat
Source Node: 2156555
Time Stamp: Jul 3, 2023
Meta’s one-year anniversary: Virtual reality meets tough reality
Source Node: 1731342
Time Stamp: Oct 28, 2022
CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position
Source Node: 2001197
Time Stamp: Mar 9, 2023
Hong Kong encourages firms to bring STO proposals to the SFC
Source Node: 1670593
Time Stamp: Sep 19, 2022
Weekly Market Wrap: Bitcoin rises above US$23,000 after its first weekly ‘death cross’
Source Node: 1965645
Time Stamp: Feb 17, 2023
NFT sales rise for first time in 7 months in November despite crypto price slump
Source Node: 1765594
Time Stamp: Dec 2, 2022