Building Thriving P2E Ecosystems: Cultivating Community, Ownership, and Interoperability

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Glasp

Sep 26, 20232 min read

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Building Thriving P2E Ecosystems: Cultivating Community, Ownership, and Interoperability

Introduction:

Player retention in gaming is crucial, yet many publishers prioritize their own profit over the well-being and value of players. Traditional game development models have focused on closed ecosystems, controlled by a single organization. However, the rise of play-to-earn (P2E) economies presents an opportunity to create open, community-driven ecosystems that prioritize ownership, culture, and incentive design. By treating P2E ecosystems as self-sustaining virtual nation state economies, we can build thriving communities where players have financial upside, ownership over assets, and defined roles.

Building Open Source Public Goods:

The Web 2.5 approach to P2E ecosystems, which mirrors traditional game development, is insufficient in preventing value extraction. These ecosystems still rely on a single coordinating party that controls the economy and player experiences. To avoid this, we should treat P2E ecosystems as open-source public goods, with all aspects of the economy and play experiences built in the open. This approach allows for wider product insights, scientific product development, and scalability.

Interoperability and Cross-World Distribution:

Interoperability will be a crucial driver of success in the metaverse. By giving players greater control and mobility, P2E ecosystems can benefit from cross-world distribution. Neglecting interoperability can result in missed opportunities for economic sustainability and growth. Embracing interoperability ensures the flow of value into the system outweighs its outflow, maintaining economic stability.

Culture and Incentive Design:

Community and culture should be prioritized over gameplay in P2E ecosystems. Early user acquisition should focus on building a community of passionate and committed contributors, who co-create the ecosystem even before a game is developed. Incentive structures should reward missionaries and loyal community members, fostering trust, loyalty, and fanaticism. Designing incentives solely based on gameplay risks neglecting the importance of retaining valuable community members.

Actionable Advice:

  • 1. Embrace an open-source approach: Build P2E ecosystems as open-source public goods, allowing for wider product insights, scientific development, and scalability.
  • 2. Prioritize interoperability: Ensure cross-world distribution by embracing interoperability, maximizing economic sustainability and growth.
  • 3. Cultivate community and culture: Focus on building a passionate and committed community, rewarding loyal members, and designing incentives that encourage retention.

Conclusion:

To truly unlock the potential of P2E ecosystems, we must shift our focus from game development to worldbuilding, culture, and incentive design. By treating P2E ecosystems as self-sustaining virtual nation state economies, we can create vibrant communities where players have ownership, financial upside, and defined roles. Embracing openness, interoperability, and community-centric design will pave the way for thriving P2E economies.

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