The post Ethereum Gaming Network Geist Is Members-Only to Prevent ‘Industrial Farming’ appeared on BitcoinEthereumNews.com.

Pixelcraft Studios, the company behind crypto game Aavegotchi, is creating a “members-only” Ethereum layer-3 gaming network called Geist, built with the scaling tech of both Arbitrum and Base. The move comes as the company fears that “industrial farming” is an issue preventing real players from enjoying crypto gaming. “A lot of crypto games are farms,” the pseudonymous CEO and founder of Pixelcraft Studios, Coder Dan, told Decrypt, “[and] there’s nothing wrong with a farmer.” “But the problem is that they’re industrial farmers,” he continued. “These are not your mom-and-pop farms. These are industrial compound combine farms that are there for one purpose, and that is to extract as much value from the protocol as they can.” Tons of games this year have incentivized gamers to play with the promise of a future airdrop. Most notably, tap-to-earn games like Hamster Kombat have taken over the crypto gaming space on messaging app Telegram. Many of these games appear to embrace farmers, incentivizing players to engage from multiple angles, including watching YouTube videos to find secret codes. But the premise dates back to well before Telegram gaming. “It didn’t start with that, it started with play-to-earn,” Coder Dan explained. “Over time, since the inception of GameFi in 2021, I think farmers have just gotten more and more skilled at this game.” Play-to-earn games such as Axie Infinity were popular during the last bull cycle of 2021, racking up billions of dollars’ worth of NFT sales. But Axie’s economy famously crashed as hype started to fade. This model has been tweaked, rebranded, and repackaged in the form of play-to-airdrop campaigns— but Coder Dan believes that farmers have just gotten better at gaming the system. “If you’re just trying to do a big event and get a lot of attention and get your numbers high, it…

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Filed under: News - @ September 2, 2024 5:22 pm