Binance Research said in a new report published on Thursday that web3 games will likely drive further adoption and education around blockchain technologies.
According to the report, titled ‘Gamefi Tokenomics – Deep Dive,’ Web3 games will have the same impact on blockchain technologies as Solitaire did on computers in the 1990s.
“We see significant advantages for both users and developers. A few examples include asset ownership, the ability to earn rewards while playing, and decentralised governance power “Stefan Piech and Mac Naggar are the authors.
The authors noted that fun and entertainment are still important factors to consider when playing crypto games, and that tokenomics should complement rather than detract from this.
According to the report, one major issue that play-to-earn games face is sustainability, because the majority of players place too much emphasis on the ability to earn tokens rather than enjoying the game itself.
“As a result, we see that, while a two-token model has advantages, it is not an underlying requirement for games to be successful,” the authors wrote. “Rather, we see that truly enjoyable games can create long-term tokenomics with a single token.”