Blockchainย Tech gaming company Azra Games is taking a different approach to Non-Fungibleย Tokenย (NFTs) in Webย 3.0 games, focusing on the gameplay itself rather than the cryptocurrency elements.ย
In a recent interview, Azra Games founder and CEO Mark Otero stated Webย 3.0 games must be so good that people adopt it for the gameplay not for Non-Fungibleย Tokenย (NFTs) or its in-game tokens.
โ Webย 3.0 is not at the foreground or forefront of the playersโ experience,โ he stated during aย recent interview with Decrypt. โ Inย reality, weย need build a game so good people donโt care. And they shouldnโt know they are playing a Webย 3.0 game.โ
Otero alsoย mentionedย that the Webย 3.0 elements of a game should reveal themselves only after players โ fall in loveโ with it, enhancing the user experience and bringing additional value to the game.ย
He stated this unique vision was part of the reason Azra received financing from deal financialย resources corporations like Andreessen Horowitz (a16z), NFX, Coinbaseย Cryptoย exchange Ventures, and Play Ventures.
Otero, a previous general manager at worldwide gaming giant Electronic Arts, established Azra Games in 2022 with the goal to create games that incorporate Webย 3.0 elements like Non-Fungibleย Tokenย (NFTs) and in-game tokens.ย
The company has raised a total of $25 Million to date. Its latest fundraising round was in February this year when the company raised $10 Million at an undisclosed valuation.ย
Andย once, the company stated it was working on a game wasย known Legions & Legends. โLegions & Legends is aย chance for us to create something with a potential new business model for a new platform,โ Otero said.
Otero is working with fellow entrepreneurs Sonny Mayugba and Travis Boudreaux. The company has likewise hired veterans from Financialย resources Games.
Otero Shows Skepticism About Play-to-Earn Games
During theย pastย few interview, Otero likewise expressed skepticism regarding the concept of paly-to-earn, a blockchainย tech gaming mechanic where players earn cryptocurrency cryptoย tokens as bonus for completing tasks, winning battles, and competing against other players.ย
He stated there are different player types. In the 1st place, there are traditional players who are looking for entertainment value and are โintrinsically motivatedโ to play a game.ย
Nonetheless, cryptocurrency native players have different motivations. Reportsย by Otero, these players are often โextrinsically motivated,โ meaning they seek to earn money in return for playing a game.ย
โOur philosophy has always been gameplay, entertainment value, and fun first. Period. Why? Because that is sustainable.โ
Oteroโs statement comes as blockchainย tech games haveย seen a sharp dropย in the number of users and volumeย ofย trading inย theย previous couple of months.ย
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