Sustainable play-to-earn model helps players navigate the rise and fall of GameFi
In 2021, the world experienced both the rise and fall of GameFi, with popular games including Decentraland, Sandbox and Axie Infinity enabling players to earn in a new standard for gameplay.
Within the confines of these games, players were allowed to experience true asset ownership, as verified by the blockchain, earning profits divided among players, regardless of where they were physically located. While these games have shaped the profitability of gaming, many are still left questioning if play-to-earn (P2E) can be more than a marketing gimmick.
With sustainability plaguing the community, GameFi relies heavily on a continuous stream of outside investments and a dedicated fan base to propel momentum. Unfortunately, both have proven to be short-term-oriented and, in some cases, damaging to the token ecosystem. The result was a market downturn, complete with red charts, a shortage of cash flow and, ultimately, a temporary collapse of the P2E concept. To avoid tough love situations, market pioneers have suggested major changes may be needed to the once-thriving play-to-earn model and the GameFi sector as a whole.
DeRace, a play-to-earn NFT horse racing metaverse game, aims to address the P2E damage made to ecosystems by providing players a sustainable model for earning and a layer-2 solution that uses native tokens and is scalable to all chains.
By leveraging an already reputable brand, the team has made notable advancements in the crypto world, enabling players to breed horses with original characteristics and participate in horse races, all while earning a profit. The model, which is focused on sustainable growth, focuses on shaping the future of GameFi. Their insight in market positioning is proving successful, as
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