Will BigTime's popularity end GameFi's dual-currency economic model?

Author: NingNing, Crypto Analyst Source: X (formerly Twitter) @0xNing0x

As a veteran player of GameFi, I personally have a shallow opinion: ** The dual-currency economic model is a cancer, one project issues two tokens, extremely greedy and shameless. **

Since the collapse of GameFi in 22, the dual-currency economic model and Play2Earn concept have become a plague that mainstream Web3 game practitioners cannot avoid. In addition to the GameFi project of the BNB ecosystem, they are still focusing on harvesting the little leeks in their own fields.

The new generation of Web3 games, which are no longer willing to define themselves as GameFi, are more focused on game playability.

This is not because they are afraid of tokenomics and bury their heads in the soil, but because everyone’s understanding of the game token economy model has reached a higher level.

The dual-currency economic model is a typical Ponzi economic structure that digests the previous bubble by creating a new bubble. The question is, how is this new bubble digested? Is it possible to issue a new coin and make a three-dollar economic model? So how to digest the third bubble?

Of course, a large number of GameFi projects didn’t have a chance to think about this, and many of them didn’t succeed in the first bubble.

But Web3 game projects committed to long-term operations must consider this issue.

So what’s the best way to get rid of the bubble? At present, the consensus of the market is to return to the consumption attribute, do a good job in the playability of the game, attract big R players to enter the market, and let the big R be the last takeover.

Big R gets a sense of achievement and recognition, and Disi players get NFT and Token rewards, and everyone has a wonderful game experience.

Recently, the better thing in this regard is the Legendary International Service, a big R named “Little Rakshasa”, who single-handedly saved the economic cycle in the game and took over the game properly, but he also became the uncrowned king of the game.

The recently popular BigTime is also exploring this path.

Ordinary gamers can also play the game without buying any NFT, and the clearance copy has a small probability of dropping prop NFTs, which can be sold to big R players in Open Loot for U.

Big R players have to throw money at Open Loot, the in-game market, buy space NFTs, buy furnace NFTs, buy armory NFTs, buy time guard NFTs, and produce better and cooler weapon accessories and equipment accessories, showing their full pressure.

Disi production, big R consumption, what a perfect closed loop.

Ordinary players calculate ROI every day, while the BigTime team keeps an eye on the large R rate among converting players every day.

The ROI of the player, BigTime can adjust the burst rate casually. However, the conversion of the large R rate among players depends on whether there are whales in the crypto market willing to enter the Web3 game of BigTime, which is full of uncertainty and chance.

Finally, I wish BigTime to explore a new path. After all, of all the Web3 games that have been launched, it is still a bit playable.

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