This article explores how blockchain RPGs are adopting 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 standpoint) in blockchain-based game economies have always been a contention for discussion for experts and builders. Recent developments on this issue have brought to life new styles and strategies that we could learn more from.
Rather than relying on pay-to-win models or continuous new item releases, these games turn to blockchain technology and limited NFT drops to create a sustainable, profitable business model.
Rarity and Utility
One key aspect of this approach is the limited quantity of NFTs generated for each game. MapleStory Universe’s “RX 2.0” model and Gransaga: Unlimited by METAPIXEL both allocate a fixed number of NFTs to each server, making them a rare and valuable commodity for players to collect and compete over.
This new focus on rarity and utility creates a unique gaming experience that shifts the focus away from simply purchasing power and towards fun or skillful play and competition.
Developers are also seeing the benefits of this model in driving up 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 roughly 1000 Ethereum over the course of 7 days.
Although this model may take some time for players to adjust to, it offers an excellent new motivation to play and compete with others. The limited NFT drops create demand and activate trading volume, making it a profitable business model for developers. And as the Korean game Lineage W has shown with its single-day revenue of up to $10 million, there is a growing market for these types of games.
Final Thoughts
The introduction of limited NFT drops in blockchain RPG games is a new way of playing, and it is gaining popularity quickly. By shifting the focus from selling P2W goods to driving volume in 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 develops and where it takes the gaming world.