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Home»Blockchain»Binance Research: Web3 Games Will Accelerate Blockchain Technology Adoption
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Binance Research: Web3 Games Will Accelerate Blockchain Technology Adoption

Saheel KhirodkarBy Saheel KhirodkarDecember 13, 2022Updated:December 13, 2022No Comments1 Min Read
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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.”

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Saheel works as a content writer for Bitnewstoday. He has always been interested in journalism and enjoys writing. Furthermore, His interest lies in cryptocurrency, and is continuously seeking for new techniques to invest. In his free time, he enjoys staying up to date on the latest industry news and spending time with his family.

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