The Play-to-Earn business model is the latest innovation in the games industry. There is an open economy model that rewards players who contribute value to the game world with financial rewards. New game concepts and retention models may be introduced, which have not yet been seen in modern gaming.
Since technology has become more accessible to a wider audience, video game business models have evolved. Our games were played on arcade machines in local game centers in the late 1970s and early 1980s. Gamers would compete for high scores with a pocketful of quarters.
In public transit or while taking a moment to ourselves, we play games on our smartphones. On our personal computers or home consoles, we launch a game to get a deeper experience. Simply put, there is a business model that suits every player, regardless of the platform. IndiGG network is an amazing SubDao platforms which seeks to leverage from the playtoearn system, more details on its amazing features and functionalities will be mentioned below:
INTRODUCTION TO THE INDIGG NETWORK
IndiGG is basically India's SubDAO (Decentralized Autonomous Organization) of Yield Guild Games (YGG). You can also say that it is a regional extension of Yield Guild Games, which is backed by Polygon Studios. They wish to benefit from the largest gaming talent pool in the world, by bringing Indian gamers into the metaverse to increase their opportunities in earning.
So far, the project has onboarded 456 scholars and has organized educational boot camps. Alongside this: tournaments and other activities like AMAs with builders and founders in the space.
Additionally, they plan to partner with several NFT games. Also aiming to teach these communities about crypto, DeFi and the opportunities within them. Now, for those curious, the IndiGG Discord is open. They have more than 12,000 dedicated members already partaking in conversations.
DETAILS ON YGG
Yield Guild Games is a play-to-earn gaming guild that brings players together. They hope to provide real income to them through blockchain games. Games that they work within include Axie Infinity, The Sandbox, League of Kingdoms and more.
Their founding team consists of gaming industry veteran Gabby Dizon, fintech entrepreneur Beryl Li, and developer, Owl.
COMPONENTS ON INDIGG
IndiGG DAO function
Early security vulnerabilities aside, DAOs have the potential to upend the modern corporate structures that have proliferated the gaming industry. Along with the shift of software companies to a subscription model, gaming companies have also turned to increasingly avaricious methods to make more money from customers. The biggest companies in the industry have turned to loot boxes and other ‘pay-to-win’ mechanics. This shift in focus from giving gamers the best experience to earning as much as possible from them has earned their ire, and for all the good reasons. In theory, this is where DAOs like IndiGG come in, with their more community-centric approach that includes ‘play-to-earn’ mechanics.
INDIGG's PLAY2EARN FUNCTIONALITY
In its most basic essence, P2E games refer to games that reward their users by paying them. Gamers earn digital assets like NFTs by participating that can then be sold and exchanged on different marketplaces. But at the same time, gamers need to buy NFTs in order to participate in the game in the first place. According to IndiGG, gamer guilds strive to make sure that the barrier to entry is low by making these NFTs relatively affordable. This new approach to gaming could potentially disrupt the entire industry and turn it on its head.
Token Details
The INDI token is an ERC20 based Utility token with a total supply of 1,000,000,000 units and a fundraising goal of 12 million tokens. The token can be utilized on the network for various purposes such as rewards and so on. Users can also buy IndiGG tokens on top cryptocurrency exchanges for trading in IndiGG stock, which are currently FTX, Huobi Global, Gate.io, BitMart, and BitForex.
CONCLUSION
IndiGG has already made considerable progress in its objective to empower these p2e communities by working with numerous NFT games that may serve as a doorway for these communities to learn about crypto and DeFi. Over 4,400 passionate and helpful people contribute to the success of the subDAO on the IndiGG Discord server, and with time, the network is going to be one of the biggest projects out there today.
For more relevant information, visit https://indi.gg
Article Written By : Adasofunjo Michael Oluseye