The web3 gaming evolution – tokenomics, community, gambling & the future – SlateCast 57 The web3 gaming evolution – tokenomics, community, gambling & the future – SlateCast 57
How Undead Blocks is pushing the gaming industry forward with sustainable tokenomics and user-friendly experiences
28 min watch
Updated: March 27, 2023 at 4:38 pm
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In the latest episode of the SlateCast, Akiba was joined by Grant Haseley, Executive Director of Wagyu Games, the creator of web3 shooter Undead Blocks.
The Shift from Play-to-Earn to Play-and-Earn
As the Web3 gaming industry grows, the focus shifts from traditional play-to-earn models to more sustainable and engaging play-and-earn experiences. With games like Axie Infinity facing issues due to their dual token economy, it becomes essential for game developers to create more sustainable tokenomics models that focus on revenue sharing and engaging gameplay. One such game, Undead Blocks, aims to provide players with a social experience through its unique weapon skins and cosmetics while offering sustainable play-to-earn opportunities.
Creating a More Accessible Web3 Gaming Experience
To thrive in the Web3 gaming landscape, developers must make their games accessible to a broader audience. Undead Blocks achieves this by being chain agnostic, skill agnostic, and platform agnostic. As a result, players can enjoy the game on PC, Mac, and soon on mobile devices without needing a wallet or any prior knowledge of blockchain technology. Furthermore, by allowing players to earn in-game assets without spending any money and offering an immersive social experience, Undead Blocks is setting a new standard for Web3 gaming.
Innovative Tokenomics for Long-Term Retention
One of the challenges in Web3 gaming is retaining players, especially when financial rewards are involved. With a team of experts, including a fully credentialed actuary, Undead Blocks has implemented actuarial techniques in its tokenomics model to ensure sustainable rewards for players. By carefully analyzing player withdrawal history and probabilities, the team has created a model that keeps players engaged and rewarded without causing hyperinflation or unsustainable growth.
Addressing Potential Gambling Concerns
As Web3 gaming and digital asset ownership become more mainstream, concerns surrounding potential gambling issues, especially among younger players, must be addressed. Undead Blocks takes a proactive approach by requiring players to be 18 or older and offering a clear path to earn in-game assets without spending any money. In addition, by providing a fun and engaging experience, Undead Blocks aims to create a positive environment for players while minimizing the risks associated with gambling.
Embracing the Power of Community in Web3 Gaming
A critical factor in the success of Undead Blocks is its strong focus on community engagement, with the game’s developers actively participating in Discord channels and being accessible to players. By listening to player feedback and implementing their ideas, the game fosters a sense of brand loyalty and creates a dedicated player base. This community-driven approach helps retain players and sets Undead Blocks apart from traditional Web2 games, where developers often remain distant and inaccessible.
Paving the Way for the Future of Web3 Gaming
Undead Blocks is leading the way in the Web3 gaming industry with its innovative tokenomics, accessible gameplay, and a strong focus on community engagement. By providing a sustainable and enjoyable gaming experience, the game is setting a new standard for the future of Web3 gaming. As more developers follow suit, the industry has the potential to revolutionize the gaming landscape, providing players with greater asset ownership, rewards, and a more immersive experience.
Co-Host 
Liam 'Akiba' Wright
Also known as "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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