GameFi has already become one of the most vibrant spaces in the crypto industry. However, while GameFi itself is an exciting prospect, what really makes this market so vibrant has been the introduction of the play-to-earn model.
Play-to-earn (P2E) is quite simple - instead of just playing for the fun of it, games now incorporate native assets that allow players to actually win things.
In essence, P2E provides an avenue for everyone to have skin in the game. It brings in gaming assets that can be won, with these assets being useful for purchasing benefits like skins and other traditional game perks. Over time, a gaming token can be traded for real money and even staked for additional benefits like passive income and possibly control of the game through a decentralized autonomous organization (DAO).
Nevertheless, there is still a lot to be uncovered when it comes to the future of the market. Investors, game developers, regulators, and other market stakeholders are looking to ensure that everyone is protected as more of these tokens are being built and are promising new features.
So, what does the future hold?
In this interview, we speak to Julien Couderc - the chief executive officer of Stradall on their vision for the P2E space as well as how they believe that gamers can achieve even more value for participating in the activity they enjoy.
1. Why the decision to focus on the racing space?
We decided to focus on the racing space because it's an exciting and competitive environment that has a lot of potential for growth in the GameFi industry. Racing games have always been popular, and by incorporating the P2E- P2O model into our platform, we're able to create a unique gaming experience that rewards players for their skills and time spent in the game.
2. How do you see GameFi evolving with the P2E model?
The P2E model has the potential to revolutionize the gaming industry, and we see it becoming a major driver of growth for GameFi. By incorporating native assets that can be won and traded, players are given an added incentive to keep playing and improving their skills, which benefits the entire ecosystem.
3. Does the gaming token space have the potential to be as mainstream as traditional crypto?
Yes, we believe that the gaming token space has the potential to be just as mainstream as traditional crypto. As more people become aware of the opportunities and benefits that GameFi provides, we expect to see a significant increase in the adoption and usage of gaming tokens.
4. What are your thoughts on the regulation of gaming tokens?
We believe that regulation is important for the long-term success and sustainability of the gaming token space. It's crucial to have clear guidelines and regulations in place to ensure that everyone involved is protected and that the market remains fair and transparent.
5. Besides earning, what benefits do holders of your native token get?
In addition to earning rewards, holders of our native token, MNTL, will have access to exclusive features and benefits within the Stradall platform. These include staking rewards, discounted transaction fees, and the ability to participate in governance decisions through our DAO.
6. What is the plan for the MNTL token?
Our plan for the MNTL token is to continue to build value and utility within the Stradall ecosystem. We're constantly exploring new use cases and partnerships that will benefit both our users and token holders, and we're committed to providing a vibrant and sustainable GameFi ecosystem for everyone involved.