Multiple researchers claim that the industry is about to reach mass adoption. As a result, projects are entering an actual race where winners have better economies. We’ve analyzed the market and found how to shape a sustainable one. Let’s check the main five flow secrets!
Circumspect Pairing
Sometimes, blockchain volatility helps users to earn by trading. Forward-looking investors do their best to get high-key cheap assets to resell when they become drip. However, in GameFi, this tendency is pretty shaky: being paired with volatile tokens, game currencies can fail due to market fluctuations.
Hopefully, the solution is clear: to keep blockchain games sustainable, developers should go for stablecoins. Economies will be less dependent on external factors. So, they will represent themselves as more stable, attracting more fixed-income adepts. Besides, this approach will decrease potential speculations on the aftermarket and keep gamers interested in gaining money by acquiring more assets and playing the game.
Rational Independence
To save time and money, GameFi projects tend to use one and only token for multiple use cases. For instance, the same currency can act as the investor value, governance, rewards, and utility tool.
As a result, the community can face a conflict of objectives. For instance, the increased token usage can cause more time-consuming transactions. Consequently, game creators should introduce several independent currencies or reshape their correlation to keep the economy flowing more smoothly.
Increased Accessibility
Every game’s economy is all about its community. So, a project needs to attract and retain more users. It can be achieved in many ways. For instance, via shaping legit marketing strategies, reaching broader audiences via collaborations, decreasing fees, keeping asset prices fixed, focusing on user-friendly solutions, or promoting the project via F2P modes. This trendy way to play blockchain games should be studied by each project on its own to find a better way of integrating into the economy without losses.
Skill Power
Have you ever heard P2E was blamed for similarities with the notorious Ponzi Scheme? The problem is that economies are not always fair, depend mainly on the fresh blood acquiring new assets, and leave users with comparatively inexpensive NFTs without winnings.
In other words, the more expensive the asset, the more chances to earn it gives, but most players, especially those new to a game, don’t feel ready to invest much money. So, they have to enter the project, experimenting with tactics and boosting skills, but still earn nearly nothing.
If the gameplay itself is intriguing, some of them would buy pricer assets and play again to earn or, at least, pay off the cost of their NFTs. Meanwhile, most users, being highly disenchanted, decide to stop playing. As a result, old-timers also lose profits, with some choosing to quit the community. New enthusiasts come again, and the circle repeats.
To solve this problem and increase the economy’s stability, creators should seek ways of making the gameplay more fair regarding skills. For instance, they can make all assets equal, introduce modes where only skills matter, or balance the game by making the potential revenues of an experienced player with average assets as significant as those of a newcomer with fire NFTs. YNK, what strategy is the best for the game if you don’t analyze your audience, goals, and purchasing power? In other words, DYOR!
Detailed Research
All these tips are pimp. However, the market is changing literally day and night. To craft an economy to stay, a project should devote itself to professional research and seek ways of adapting to the constant updates of the industry. So, don’t hesitate to shape a particular team or ask experts to help you.
Conclusion
An efficient economy can’t be built in a day. So, take your time, consider our tips, and stay tuned to learn the freshest news with Prom.
Follow Prom:
Website: prom.io/
Twitter: twitter.com/prom_io
Telegram Announcements: t.me/prom_ann
Telegram Chat: t.me/prom_io
Discord: discord.gg/prom
Instagram: instagram.com/prom_io_official
CMC Gravity: coinmarketcap.com/community/profile/Prom
YouTube: www.youtube.com/channel/UC2mC_ZMPnrivHGgz5CaZnvQ
