xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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The current play-to-earn model will never work the way it pretends to be 🤫.
Why bother to play a game to resemble a soul crashing job just to earn as little as you can 🤔?
The model emphasizes on earn rather than an experience to play 🙄.
The primary purpose of designing a game is to provide fun. A game without fun is a boring job.
Who wants another job to pay so little 😒?
And much worse, you paid to have a boring job in most of the play-to-earn games in Web3 😒😒.
Simply, the earn-to-play model creates a clicking mindless zombie workforce to earn game tokens that may not be sustainable for their price due to high volatility market conditions.
Rather than play-to-earn, we can shift the model to play and earn.
The intrinsic value in a game is fun. Therefore, the gaming model should focus on the fun part and create a way for the player would commit their time and money to exchange the job of playing but not to force them to spend to win the game.
Here are some ideas to save Web3 gaming.
1️⃣ Free game
The game with a free string attached is a game with fun. There are no requirements for users to gain any advantages through payments, and everyone starts with an equal and fair gaming environment.
2️⃣ Occasional earning opportunities
The game rewards users based on their skills without any potential advantages they can gain through payments.
3️⃣ Proof of work experiences
The game will have a way to require proof of work to verify gamers' experiences. That way, the gamer can have a fair way to earn their rewards.
4️⃣ Transparent rules
The game will have transparent rules for gamers to play and enjoy the gaming experience.
All the above requirements are very difficult to meet, and they will cost the gaming system a lot.
But even with the above four requirements, I am not sure if the game will still provide fun to users 🤔.
⚠️ GameFi Trilemma
Playability, profitability, and accessibility are three components of GameFi.
I would argue that you cannot trade off playability for profitability. Simply because if the game is not profitable anymore, no one will touch it anymore.
Instead of profitability, we would focus on enjoyability.
At the end of the game, the user's enjoyment of the game experience should be the priority of the game design.
What do you think?
👋 Follow me here
Did you know you can earn crypto through Honeygain now? Jumptask has partnered with Honeygain to boost your passive income! You can earn more than a 50% bonus through crypto! Check out here for the announcement and join here to earn your $5!
The current play-to-earn model will never work the way it pretends to be 🤫.
Why bother to play a game to resemble a soul crashing job just to earn as little as you can 🤔?
The model emphasizes on earn rather than an experience to play 🙄.
The primary purpose of designing a game is to provide fun. A game without fun is a boring job.
Who wants another job to pay so little 😒?
And much worse, you paid to have a boring job in most of the play-to-earn games in Web3 😒😒.
Simply, the earn-to-play model creates a clicking mindless zombie workforce to earn game tokens that may not be sustainable for their price due to high volatility market conditions.
Rather than play-to-earn, we can shift the model to play and earn.
The intrinsic value in a game is fun. Therefore, the gaming model should focus on the fun part and create a way for the player would commit their time and money to exchange the job of playing but not to force them to spend to win the game.
Here are some ideas to save Web3 gaming.
1️⃣ Free game
The game with a free string attached is a game with fun. There are no requirements for users to gain any advantages through payments, and everyone starts with an equal and fair gaming environment.
2️⃣ Occasional earning opportunities
The game rewards users based on their skills without any potential advantages they can gain through payments.
3️⃣ Proof of work experiences
The game will have a way to require proof of work to verify gamers' experiences. That way, the gamer can have a fair way to earn their rewards.
4️⃣ Transparent rules
The game will have transparent rules for gamers to play and enjoy the gaming experience.
All the above requirements are very difficult to meet, and they will cost the gaming system a lot.
But even with the above four requirements, I am not sure if the game will still provide fun to users 🤔.
⚠️ GameFi Trilemma
Playability, profitability, and accessibility are three components of GameFi.
I would argue that you cannot trade off playability for profitability. Simply because if the game is not profitable anymore, no one will touch it anymore.
Instead of profitability, we would focus on enjoyability.
At the end of the game, the user's enjoyment of the game experience should be the priority of the game design.
What do you think?
👋 Follow me here
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