As P2E Dies Out, Hybrid-Casual Games Set to Take Center Stage
- P2E players decrease significantly; $30.1 million in January 2022 to 6.2 million in March 2023.
- The market cap for GameFi tokens fell from $27 million to $3 million.
- Developer’s attention to tokenomics rather than the game is the main reason for the fall of GameFi tokens.
Axie Infinity, Splinterlands, and The Sandbox are big names in the crypto world that dominated P2E headlines during Crypto’s last bull run. As Crypto begins to rise from the ashes in 2023, the number of players remaining in P2E games has significantly declined, from a level of 30.1 million in January 2022, to a paltry 6.2 million in March 2023, with downloads dropping from 46 million to 29 million in the second half of 2022, according to Sensor Tower’s State of Mobile Gaming report 2023.
The P2E market suffered economic stresses too, as the market cap for GameFi tokens fell from $27 billion to $3 billion at the end of 2022, likely owing to a fundamental conceptual flaw at the core of Play-to-Earn, where developers placed too much emphasis on the tokenomics of the game, rather than building games that players actually want to play.
On the whole, Web2 gamers do not care about nor unders…
The post As P2E Dies Out, Hybrid-Casual Games Set to Take Center Stage appeared first on Coin Edition.
As P2E Dies Out, Hybrid-Casual Games Set to Take Center Stage
- P2E players decrease significantly; $30.1 million in January 2022 to 6.2 million in March 2023.
- The market cap for GameFi tokens fell from $27 million to $3 million.
- Developer’s attention to tokenomics rather than the game is the main reason for the fall of GameFi tokens.
Axie Infinity, Splinterlands, and The Sandbox are big names in the crypto world that dominated P2E headlines during Crypto’s last bull run. As Crypto begins to rise from the ashes in 2023, the number of players remaining in P2E games has significantly declined, from a level of 30.1 million in January 2022, to a paltry 6.2 million in March 2023, with downloads dropping from 46 million to 29 million in the second half of 2022, according to Sensor Tower’s State of Mobile Gaming report 2023.
The P2E market suffered economic stresses too, as the market cap for GameFi tokens fell from $27 billion to $3 billion at the end of 2022, likely owing to a fundamental conceptual flaw at the core of Play-to-Earn, where developers placed too much emphasis on the tokenomics of the game, rather than building games that players actually want to play.
On the whole, Web2 gamers do not care about nor unders…
The post As P2E Dies Out, Hybrid-Casual Games Set to Take Center Stage appeared first on Coin Edition.