Up to the present time, gaming has primarily been a centralized activity; everything-all game data, assets, and in-game currency have been confined to the game makers that released them. The introduction of blockchain in gaming circles unlocked the door to a decentralized gaming economy entering a new era. Moreover, the continued growth of the blockchain gaming market is a positive hint for the evolving blockchain industry. However, this does not mean that the space is free from problems. Any concept that attracts so much attention when entering a market is also going to attract its fair share of criticism.
It is an unavoidable fact that a few projects are being built with great intention, whereas some projects lack long-term sustainability with respect to their revenue models. Most blockchain games tend to experience issues regarding poor performance with tokens, sustainability, as well as various other problems. In this article, some of these problems and their potential solutions offered by our gaming model will be mentioned.
Most current blockchain games feel more like a daily job with a worse kind of grind. They usually consist of “click-and-wait” mechanics, without moving elements or requiring any player skill. Furthermore, if the blockchain game isn’t fun to play and players are just pushed to chase the rewards, the whole concept becomes a chore. This isn’t at all what gaming is about. Having said that, there is a lot of hype around a few projects, yet the gameplay is very basic and the majority of the games that have a lot of hype around them have very little substance. Ultimately, Web3 games will need to attract enough players who are motivated to play a game for fun as opposed to those primarily motivated by profit or income.
As opposed to the majority of other Web3 games, whose gameplay mainly consists of click & wait and turn-based mechanics, Mad Raid will have a dynamic and engaging gameplay experience in the arcade & strategy genre. The game will not only give users purpose and meaning via economic incentives, granting real-world utility and value, but will also allow users to compete, strategize and create strong relationships with one another. Mad Raid’s alpha version is almost ready and on its way! We’ll provide more details regarding the gameplay, game mechanics, and etc., in the upcoming days and weeks.
When a blockchain game is released, it usually comes with a native crypto token. This crypto is custom-built to function within the game’s ecosystem. For the most part, this token's utility exists only within the boundaries of the game and is used to buy things, received when selling things and sold for stable coins when "cashing out" profits. Getting the tokenomics right is the fundamental base on which a successful crypto game is built, and creating the right and sustainable tokenomics is not an easy task. One can easily say that a well-designed economic model means a fun game, growing value, lifting profits, etc. which are critical to a project’s long-term success.
Additionally, the aspects of token supply/circulation needs to be well-thought since the value of that token will be defined by supply and demand factors. Unlimited token supply will require a constant influx of new players to keep the economy running. This process gets more complex when the game economy involves more than one token. When the total supply increases, the value of each token will decrease if the demand is unchanged. Due to the volatility of tokens in general, it is of utmost importance that developers dedicate time to actively monitor their tokens in the early days of the game’s launch.
So, the concept of earning additional income is hindered if the in-game tokens don't perform well. Without a well-designed economic model, the inflation of the game token will spiral and lead to a crash and burn situation. If the project doesn’t have enough traction and doesn’t provide multiple utility options for the token, players will inevitably lose interest. The economy will never be self-sustainable without a healthy balance of value bringers and value extractors. To tackle this problem, backing up the utility token by various tools must be considered. Building a bridge between incomers and current players for monetization & bringing money to the system from outside via game monetization creates a sustainable economic model.
Mad Raid is dedicated to address the current Web3 gaming market’s widespread unsustainability issue by utilizing a unique economic model, called Closed Loop Dual-token Model, a thoroughly designed model which comes with original and novel inputs. All the relevant details about how the CDM model works and its advantages will be shared later on, so make sure to stay tuned if you want to learn more!
The vast majority of the current blockchain games have high entry barriers, meaning only certain types of players get to actually play the game, and usually, these types of players are the ones who invest in the game before even starting playing the game. The most commonly used “barrier to entry” in blockchain games is NFT. The way this works is that the games require players to make a certain amount of initial investment, usually in game’s NFTs, and only after owning those NFTs, players can enjoy the game. NFTs can come in all shapes and sizes, depending on the game itself; game characters, certain tools, skins of the characters, special abilities and really anything can be an NFT. This sounds exciting, as players get to actually own the NFTs, and it’s a well-known fact that all the transactions get verified on the blockchain, and the owners are free to do whatever they want to with it, so where’s the catch? Well, here’s the trick: NFTs can be, and most of the time are, pretty expensive. And regular players who just want to have fun and enjoy their time playing the game are repelled. Aside from everything, this also has a terrific impact on the adoption of Web3 games. The Web2 gaming community, especially the Free-to-play (F2P) community on mobile is accustomed to great game visuals, advanced gameplay, exceptional game mechanics, etc., so when they find out that playing Web3 games is going to cost them dearly, they become hesitant to even consider playing a Web3 game, let alone not playing it due to the poor gaming experience.
Mad Raid won’t have any entry barriers!
Everyone will be free to enjoy the game, without any prior investment, crypto experience or NFT ownership. By having a F2P feature, Mad Raid will facilitate the wider adoption of Web3 gaming and attract a much larger gaming community, that is Web2.
Disclaimer: All information provided in the content is for informational purposes only and should not be perceived as investment, financial, or trading advice. Any investment decisions you make should be based on your personal preferences, financial expertise, and market research.
Mad Raid is a mobile multiplayer strategy game crafted by Parea Labs and Passion Punch. The game aims to bring an innovative fun gameplay, and economically sustainable play-and-earn (PnE) model that will address mass audiences, and solve the majority of the existing issues related to current Web3 games.
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The introduction of blockchain in gaming circles unlocked the door to a decentralized gaming economy entering a new era. Moreover, the continued growth of the blockchain gaming market is a positive hint for the evolving blockchain industry in general. However, this does not mean that the space is free from problems.