Blockchain RPGs embrace limited NFTs for gaming experience
This article explores how blockchain RPGs adopt a new model that emphasizes the importance of utility and rarity through limited NFT drops. Learn how this model creates a new gaming experience and a profitable BM for developers.
Blockchain MMORPGs are changing the game with their new approach to in-game economies.
Motivations and earnings (from a sustainable business point of view) in blockchain gaming economies have always been a discussion for experts and builders. Recent developments on this issue have led to new styles and strategies from which we can learn more.
Instead of relying on pay-to-win models or continuous releases of new items, these games turn to blockchain technology and limited NFT drops to create a sustainable, profitable business model.
Rarity and Utility
A key aspect of this approach is the limited number of NFTs generated for each game. MapleStory Universe’s “RX 2.0” model and Gransaga: Unlimited by METAPIXEL both assign a fixed number of NFTs to each server, making them a rare and valuable commodity for players to collect and compete for.
This new focus on rarity and utility creates a unique gaming experience that shifts the focus away from mere purchasing power and towards fun or skilled play and competition.
Developers also see the benefits of this model by increasing transaction volume and creating a profitable business model. Yuga Labs, for example, has seen significant NFT trading volume for their games, including Otherdeed, Vessel, Expanded, KODA and BAYC, with a 5% commission bringing in about 1000 Ethereum in 7 days.
While this model may take some time for players to adjust to, it provides an excellent new motivation to play and compete with others. The limited NFT drops create demand and enable trading volume, making it a profitable business model for developers. And as the Korean game Lineage W has shown with its one-day earnings of up to $10 million, there is a growing market for this type of game.
Final thoughts
The introduction of limited NFT drops in blockchain RPG games is a new way to play and it is quickly gaining popularity. By shifting the focus from selling P2W goods to increasing volume on marketplaces, this new approach creates a profitable BM for developers and a more satisfying gaming experience for players. As the industry continues to evolve, it will be interesting to see how this model evolves and where it takes the gaming world.
Edmond is a passionate writer for video games, GameFi and Web3. He has worked for top GameFi companies and video game/crypto news sites.
