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Reddit co-founder says Play-To-Earn Crypto games will be 90% of the gaming market in 5 years

Reddit co-founder Alexis Ohanian is the latest industry figure to express enthusiasm for the concept of gaming to earn games. The series entrepreneur, who has now mainly focused his attention on blockchain and crypto-related projects, is optimistic about the promise of games to earn, and predicts that it will dominate the gaming world in just a few short years.

As reported by Business Insider, Ohanian discussed the potential uses of blockchain technology in games in a recent episode of the Where It Happens podcast.

"90% of people will not play a game unless they are properly valued for that time," Ohanian claimed in the podcast. "In five years, you'll actually value your time properly, and instead of being harvested for commercials, or ripped off for dollars to buy stupid hammers you do not actually own, you'll be playing some similar game on the chain that will be just as much fun, but you want to earn real money and you want to be the combine. "

Games to earn games generally use crypto tokens instead of a regular in-game currency, which means players can theoretically exchange their in-game earnings for real-world currency. The most popular title in the category at the moment is Axie Infinity, a Pokemon-like game where the titular Axies can be bought and sold for RONIN cryptocurrency.

Axie's economy in the game is already running into trouble, according to a Business Insider report, which claims that players' returns from the game are slowly declining over time due to players paying out earnings instead of investing them back into the game. The game also has a minimum buy-in of around $ 300, a high barrier to entry for many players, with lower level players often earning well below the minimum wage.

Other industry figures who have expressed interest in the concept of playing to earn games include Take-Two boss Strauss Zelnick, EA boss Andrew Wilson and Square Enix CEO Yosuke Matsuda, whose comments about blockchain games sparked controversy as he predicted , that players would move away. from what he called "play to have fun".

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