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Cheat Code Game Tokenomics for Fun and Profit | Lisa JY Tan , Aron Beierschmitt, Benny Giang
Make you own audio summaries by going to https://highersignal.xyz.
1. The importance of completing economic loops in game design: Aaron Beierschmitt highlighted the necessity of a completed loop to avoid an economic collapse within a game.
2. Minimum viable economics for sustainability: Lisa JY Tan emphasized the balance of token introduction and removal, as well as the creation of intrinsic game value.
3. Token utility and game fun as key pillars: Benny Giang stressed that tokens need inherent reasons for existence and that focusing purely on financial aspects leads to unsustainable games.
4. Evolving trends towards sustainable token economics and game design: Lisa JY Tan predicted a focus on origin of value, increased analytics and data usage, and consequently investor behavior.
5. The debate on non-player characters (NPCs) and AI: The panel examined the implications of AI-driven players and their impact on human involvement and the very definition of fun.
6. ERC-651 standard and token bound accounts: Benny Giang introduced the concept of combining NFTs with their own wallets, potentially revolutionizing the role of NFTs in games.
- How has the importance of completing economic loops affected web three game design?
Economic loops must be completed to prevent overproduction, price collapses, and ultimately an economic breakdown within the game market.
- How do minimum viable economics ensure game sustainability?
A minimum viable economic model balances the new supply of tokens with mechanisms for their removal, maintaining a demand for game assets and supporting sustained player engagement.
- Why is token utility critical for a web three game's success?
Without proper token utility that aligns with the game's core fun elements, players won't find a long-term incentive to engage with the game, leading to a quick decline in user base and game value.
- What trend is expected in sustainable token economics and game design?
We can expect games to evolve with a clear understanding of asset value origination, more sophisticated analytics to understand and optimize user retention, and an emphasis on building real and lasting game economies that can satisfy both players and investors.
- What is the role and impact of AI and NPCs in web three games?
The integration of AI and NPCs prompts a reevaluation of what constitutes fun and the role of human players within a game's economy, potentially leading to a future where management of AI becomes a core gameplay element.
- What is ERC-651 and how does it impact web three gaming?
ERC-651 introduces token-bound accounts that allow NFTs to own assets, have social identities, and offer programmability, which opens potentials for NFTs to act on behalf of players within a game.
'Here are a few memorable quotes':
- "Once you let an economy out of the bag, it's impossible to put it back."
- "If the game is not fun, if everything you're designing is financialization in mind, the game will not scale."
- "You need to embate these value creation within tokens."
- "It's the only way to keep value in the system over time."
- "There's many flavors of fun."
Core Takeaway:
The core problem addressed is the need for a sustainable equilibrium in web three game economies that balances fun and profit. Not understanding or solving it can lead to game economies collapsing and losing their player base swiftly.
The top three key new ideas to address the problem are:
- Ensure games launch with robust economic models where asset creation is balanced with asset removal mechanisms, solidifying players' investment and engagement.
- Token utility must be designed to align with engaging gameplay mechanics, as fun gameplay ensures long-term player retention over purely profit-driven token models.
- Anticipate and embrace the interaction of AI within game ecosystems while maintaining the focus on meaningful human engagement, diverse fun experiences, and value creation.
Tags here: Lisa JY Tan, Aron Beierschmitt, Benny Giang, ERC-651, Tokenomics, Web Three Games, Sustainable Game Design
Lisa JY Tan, Aron Beierschmitt, Benny Giang, ERC-651, Tokenomics, Web Three Games, Sustainable Game Design
1. The importance of completing economic loops in game design: Aaron Beierschmitt highlighted the necessity of a completed loop to avoid an economic collapse within a game.
2. Minimum viable economics for sustainability: Lisa JY Tan emphasized the balance of token introduction and removal, as well as the creation of intrinsic game value.
3. Token utility and game fun as key pillars: Benny Giang stressed that tokens need inherent reasons for existence and that focusing purely on financial aspects leads to unsustainable games.
4. Evolving trends towards sustainable token economics and game design: Lisa JY Tan predicted a focus on origin of value, increased analytics and data usage, and consequently investor behavior.
5. The debate on non-player characters (NPCs) and AI: The panel examined the implications of AI-driven players and their impact on human involvement and the very definition of fun.
6. ERC-651 standard and token bound accounts: Benny Giang introduced the concept of combining NFTs with their own wallets, potentially revolutionizing the role of NFTs in games.
- How has the importance of completing economic loops affected web three game design?
Economic loops must be completed to prevent overproduction, price collapses, and ultimately an economic breakdown within the game market.
- How do minimum viable economics ensure game sustainability?
A minimum viable economic model balances the new supply of tokens with mechanisms for their removal, maintaining a demand for game assets and supporting sustained player engagement.
- Why is token utility critical for a web three game's success?
Without proper token utility that aligns with the game's core fun elements, players won't find a long-term incentive to engage with the game, leading to a quick decline in user base and game value.
- What trend is expected in sustainable token economics and game design?
We can expect games to evolve with a clear understanding of asset value origination, more sophisticated analytics to understand and optimize user retention, and an emphasis on building real and lasting game economies that can satisfy both players and investors.
- What is the role and impact of AI and NPCs in web three games?
The integration of AI and NPCs prompts a reevaluation of what constitutes fun and the role of human players within a game's economy, potentially leading to a future where management of AI becomes a core gameplay element.
- What is ERC-651 and how does it impact web three gaming?
ERC-651 introduces token-bound accounts that allow NFTs to own assets, have social identities, and offer programmability, which opens potentials for NFTs to act on behalf of players within a game.
'Here are a few memorable quotes':
- "Once you let an economy out of the bag, it's impossible to put it back."
- "If the game is not fun, if everything you're designing is financialization in mind, the game will not scale."
- "You need to embate these value creation within tokens."
- "It's the only way to keep value in the system over time."
- "There's many flavors of fun."
Core Takeaway:
The core problem addressed is the need for a sustainable equilibrium in web three game economies that balances fun and profit. Not understanding or solving it can lead to game economies collapsing and losing their player base swiftly.
The top three key new ideas to address the problem are:
- Ensure games launch with robust economic models where asset creation is balanced with asset removal mechanisms, solidifying players' investment and engagement.
- Token utility must be designed to align with engaging gameplay mechanics, as fun gameplay ensures long-term player retention over purely profit-driven token models.
- Anticipate and embrace the interaction of AI within game ecosystems while maintaining the focus on meaningful human engagement, diverse fun experiences, and value creation.
Tags here: Lisa JY Tan, Aron Beierschmitt, Benny Giang, ERC-651, Tokenomics, Web Three Games, Sustainable Game Design
Lisa JY Tan, Aron Beierschmitt, Benny Giang, ERC-651, Tokenomics, Web Three Games, Sustainable Game Design
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By Higher Signal by TimMake you own audio summaries by going to https://highersignal.xyz.
1. The importance of completing economic loops in game design: Aaron Beierschmitt highlighted the necessity of a completed loop to avoid an economic collapse within a game.
2. Minimum viable economics for sustainability: Lisa JY Tan emphasized the balance of token introduction and removal, as well as the creation of intrinsic game value.
3. Token utility and game fun as key pillars: Benny Giang stressed that tokens need inherent reasons for existence and that focusing purely on financial aspects leads to unsustainable games.
4. Evolving trends towards sustainable token economics and game design: Lisa JY Tan predicted a focus on origin of value, increased analytics and data usage, and consequently investor behavior.
5. The debate on non-player characters (NPCs) and AI: The panel examined the implications of AI-driven players and their impact on human involvement and the very definition of fun.
6. ERC-651 standard and token bound accounts: Benny Giang introduced the concept of combining NFTs with their own wallets, potentially revolutionizing the role of NFTs in games.
- How has the importance of completing economic loops affected web three game design?
Economic loops must be completed to prevent overproduction, price collapses, and ultimately an economic breakdown within the game market.
- How do minimum viable economics ensure game sustainability?
A minimum viable economic model balances the new supply of tokens with mechanisms for their removal, maintaining a demand for game assets and supporting sustained player engagement.
- Why is token utility critical for a web three game's success?
Without proper token utility that aligns with the game's core fun elements, players won't find a long-term incentive to engage with the game, leading to a quick decline in user base and game value.
- What trend is expected in sustainable token economics and game design?
We can expect games to evolve with a clear understanding of asset value origination, more sophisticated analytics to understand and optimize user retention, and an emphasis on building real and lasting game economies that can satisfy both players and investors.
- What is the role and impact of AI and NPCs in web three games?
The integration of AI and NPCs prompts a reevaluation of what constitutes fun and the role of human players within a game's economy, potentially leading to a future where management of AI becomes a core gameplay element.
- What is ERC-651 and how does it impact web three gaming?
ERC-651 introduces token-bound accounts that allow NFTs to own assets, have social identities, and offer programmability, which opens potentials for NFTs to act on behalf of players within a game.
'Here are a few memorable quotes':
- "Once you let an economy out of the bag, it's impossible to put it back."
- "If the game is not fun, if everything you're designing is financialization in mind, the game will not scale."
- "You need to embate these value creation within tokens."
- "It's the only way to keep value in the system over time."
- "There's many flavors of fun."
Core Takeaway:
The core problem addressed is the need for a sustainable equilibrium in web three game economies that balances fun and profit. Not understanding or solving it can lead to game economies collapsing and losing their player base swiftly.
The top three key new ideas to address the problem are:
- Ensure games launch with robust economic models where asset creation is balanced with asset removal mechanisms, solidifying players' investment and engagement.
- Token utility must be designed to align with engaging gameplay mechanics, as fun gameplay ensures long-term player retention over purely profit-driven token models.
- Anticipate and embrace the interaction of AI within game ecosystems while maintaining the focus on meaningful human engagement, diverse fun experiences, and value creation.
Tags here: Lisa JY Tan, Aron Beierschmitt, Benny Giang, ERC-651, Tokenomics, Web Three Games, Sustainable Game Design
Lisa JY Tan, Aron Beierschmitt, Benny Giang, ERC-651, Tokenomics, Web Three Games, Sustainable Game Design
1. The importance of completing economic loops in game design: Aaron Beierschmitt highlighted the necessity of a completed loop to avoid an economic collapse within a game.
2. Minimum viable economics for sustainability: Lisa JY Tan emphasized the balance of token introduction and removal, as well as the creation of intrinsic game value.
3. Token utility and game fun as key pillars: Benny Giang stressed that tokens need inherent reasons for existence and that focusing purely on financial aspects leads to unsustainable games.
4. Evolving trends towards sustainable token economics and game design: Lisa JY Tan predicted a focus on origin of value, increased analytics and data usage, and consequently investor behavior.
5. The debate on non-player characters (NPCs) and AI: The panel examined the implications of AI-driven players and their impact on human involvement and the very definition of fun.
6. ERC-651 standard and token bound accounts: Benny Giang introduced the concept of combining NFTs with their own wallets, potentially revolutionizing the role of NFTs in games.
- How has the importance of completing economic loops affected web three game design?
Economic loops must be completed to prevent overproduction, price collapses, and ultimately an economic breakdown within the game market.
- How do minimum viable economics ensure game sustainability?
A minimum viable economic model balances the new supply of tokens with mechanisms for their removal, maintaining a demand for game assets and supporting sustained player engagement.
- Why is token utility critical for a web three game's success?
Without proper token utility that aligns with the game's core fun elements, players won't find a long-term incentive to engage with the game, leading to a quick decline in user base and game value.
- What trend is expected in sustainable token economics and game design?
We can expect games to evolve with a clear understanding of asset value origination, more sophisticated analytics to understand and optimize user retention, and an emphasis on building real and lasting game economies that can satisfy both players and investors.
- What is the role and impact of AI and NPCs in web three games?
The integration of AI and NPCs prompts a reevaluation of what constitutes fun and the role of human players within a game's economy, potentially leading to a future where management of AI becomes a core gameplay element.
- What is ERC-651 and how does it impact web three gaming?
ERC-651 introduces token-bound accounts that allow NFTs to own assets, have social identities, and offer programmability, which opens potentials for NFTs to act on behalf of players within a game.
'Here are a few memorable quotes':
- "Once you let an economy out of the bag, it's impossible to put it back."
- "If the game is not fun, if everything you're designing is financialization in mind, the game will not scale."
- "You need to embate these value creation within tokens."
- "It's the only way to keep value in the system over time."
- "There's many flavors of fun."
Core Takeaway:
The core problem addressed is the need for a sustainable equilibrium in web three game economies that balances fun and profit. Not understanding or solving it can lead to game economies collapsing and losing their player base swiftly.
The top three key new ideas to address the problem are:
- Ensure games launch with robust economic models where asset creation is balanced with asset removal mechanisms, solidifying players' investment and engagement.
- Token utility must be designed to align with engaging gameplay mechanics, as fun gameplay ensures long-term player retention over purely profit-driven token models.
- Anticipate and embrace the interaction of AI within game ecosystems while maintaining the focus on meaningful human engagement, diverse fun experiences, and value creation.
Tags here: Lisa JY Tan, Aron Beierschmitt, Benny Giang, ERC-651, Tokenomics, Web Three Games, Sustainable Game Design
Lisa JY Tan, Aron Beierschmitt, Benny Giang, ERC-651, Tokenomics, Web Three Games, Sustainable Game Design