NFT.NYC: Play-to-Earn is not dead, but game publishers are looking for alternatives
Cointelegraph team was on the ground in New York to bring exclusive insights from the NFT event. The Play-to-Earn (P2E) business model may not be dead, but game publishers and developers are exploring alternatives to replace it, according to a panel at the NFT.NYC 2023. Cointelegraph team was on the ground in New York to bring exclusive insights from the NFT event. According to the CEO of gaming platform OP Games, Chase Freo, companies that branded themselves as P2E are shifting their strategy amid the crypto prices downturn. "It's a model that is not sustainable at all," he noted, citing Axie Infinity's shift in some of its flagship titles as an example. From left: Chase Freo, Minoru Yanai, Paul Flanagan, and Paul-David Oosthuizen at the NFT.NYC 2023. Source: Cointelegraph Minoru Yanai from Minto, a Japanese manga and anime design company, said that game companies are now "looking at play and fun, and sometimes earn or swap," adding that players can stil...