GAME ECONOMY AND MONETIZATION
A Blend of Web2 and Web3 game economy
Sustainable game economies require a successful monetization, irrespective of whether they exist in the web2 or web3 sphere. Recent web3 games are primarily catering to a niche group of players willing to spend exorbitantly on NFTs with floor price-driven tactics. However, we at Paradise Tycoon believe that success in the web3 gaming space requires acknowledging and catering also to the spending behavior of mainstream gamers, a pivotal factor in making their transition to blockchain-based gaming seamless. In fact, web3 technology can offer a far broader reach. Leveraging a token-based economy, we can overcome the traditional constraints of monetization design, accommodating a much larger audience with diverse economic backgrounds.
By merging web2 and web3's capabilities, we aim to establish a sustainable, eventually profitable game economy, and engage a broader player base. This approach enables us to lower entry barriers significantly compared to web2, thus providing more players access to premium content. We believe this transformation to be similar to what we experienced a decade ago when premium games were challenged by the advent of free-to-play.
Our team's years of experience in designing monetization strategies for in-app purchases in free-to-play games will be used in shaping Paradise Tycoon's game economy. We will create similar monetization sinks, but with the added benefits that web3 technology offers.
Core Principles of our Game Economy & Monetization Design
Our game economy and monetization design hinges on three principles:
Simplicity: The token economy must be simple for streamlined onboarding process and to preserve game immersion.
Sustainability: Real sustainability demands that the token inflow and outflow from the game economy pool balance out, resulting in a zero-sum (or more).
Safety: Introducing tokens into a game economy carries inherent risks, and any experienced game economy designer can understand the potential pitfalls. To mitigate these risks, we introduce the token economy gradually.
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