Pixels game and Pixel token (+Berry token)
According to DappRadar, Pixels is a game that has recently gained recognition in rankings, featuring a Play-to-Earn (P2E) model with a notable daily active user count of 180,000. The player, having played the game for a few days and listened to Luke's podcast, sees it as a leading P2E farming game. Pixels, a farming simulation, involves planting various crops and selling them at the store to earn Berry tokens. Despite a gameplay comparison with Stardew Valley, the farming simulation genre is deemed suitable for blockchain integration due to its need for land and active token exchanges.
Pixels is described as a free-to-play game, but to engage in farming activities, players need to lease land, cultivate crops, and pay fees. Completed crops can be sold for Berry tokens, considered as in-game regular currency with a market value on the Ronin blockchain.
The game features two tokens: Berry tokens and Pixel tokens. Berry tokens, akin to regular in-game currency, are earned through activities and quests, used for purchasing resources or managing land. They are considered inflationary, with their quantity increasing based on user activity. However, the reliance on adjusting token quantity is met with skepticism, considering the experience from Axie Infinity. Pixel tokens, distributed through airdrops, serve as in-game premium currency for tasks such as creating land and reducing construction time, especially in the guild system.
Pixel tokens' primary use seems to revolve around the guild system, resembling Friend.tech's mechanics. Guild membership involves buying and selling with Pixel tokens, and the price fluctuates based on the number of members. The guild system is seen as a potential marketing channel, and players can strategically participate in multiple guilds.
Regarding the robustness of Pixel's token economy, the outlook is somewhat pessimistic. The guild system, while similar to Friend.tech, is not expected to have an extraordinary impact, and the Pixel token may face a potential decline without alternative solutions. Claims about the game rewarding genuine players with airdrops, potentially leading to deflationary currency, are viewed as overly optimistic. Concerns are raised about the potential decline in Berry token prices and the challenging path for Pixel to rebound the game. The sustainability of the token's utility is questioned, suggesting that a more aggressive mechanism is needed for the token economy to thrive in the Web 3 environment, similar to Bitcoin and Ethereum's mechanisms.
Image source: Generated through OpenAI's DALL·E
