By PYMNTS
When Kevin Beauregard talks about the economy of his forthcoming racing game, ExoGP, the CEO of gaming developer Atmos Labs wants to talk about ownership, not earning.
The metaverse-focused game’s core is the exosuit, a sort of armored wingsuit built on a nonfungible token (NFT) that lets you build and add other NFT-based components onto it to make it fly better and faster — in a lot of different ways.
He has described it as Formula One-meets-flight-mechanics. And just as many auto racing games give players ways to upgrade an engine, transmission or suspension, ExoGP allows players to upgrade their suits in ways that will include making those component NFTs or buying them, likely on either an in-game or third-party NFT marketplace.
“I don’t love the play-to-earn narrative,” Beauregard told PYMNTS recently. “I focus on the word ownership. If you make something about earning then all it is about is work. It is no longer fun.”
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI