{"id":13216,"date":"2023-05-24T14:09:49","date_gmt":"2023-05-24T18:09:49","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/what-is-azra-games-approach-to-nfts-in-gaming\/"},"modified":"2023-05-24T14:09:50","modified_gmt":"2023-05-24T18:09:50","slug":"what-is-azra-games-approach-to-nfts-in-gaming","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=13216","title":{"rendered":"What Is Azra Games’ Approach To NFTs In Gaming?"},"content":{"rendered":"
\n

Blockchain gaming company Azra Games is taking a different approach to NFTs in Web3 games, focusing on the gameplay itself rather than the crypto elements.\u00a0<\/p>\n

In a recent interview, Azra Games founder and CEO Mark Otero said Web3 games need to be so good that people adopt it for the gameplay not for NFTs or its in-game tokens.<\/p>\n

“Web3 is not at the foreground or forefront of the players’ experience,” he said during a\u00a0recent interview with Decrypt. “In fact, we must build a game so good people don’t care. And they shouldn’t know they are playing a Web3 game.”<\/p>\n

Otero added that the Web3 elements of a game should reveal themselves only after players “fall in love” with it, enhancing the user experience and bringing additional value to the game.\u00a0<\/p>\n

He said this unique vision was part of the reason Azra received investment from venture capital firms like Andreessen Horowitz (a16z), NFX, Coinbase Ventures, and Play Ventures.<\/p>\n

Otero, a former general manager at global gaming giant Electronic Arts, founded Azra Games in 2022 with the goal to create games that incorporate Web3 elements like NFTs and in-game tokens.\u00a0<\/p>\n

The company has raised a total of $25 million to date. Its latest fundraising round was in February this year when the company raised $10 million at an undisclosed valuation.\u00a0<\/p>\n

At the time, the company said it was working on a game called Legions & Legends. \u201cLegions & Legends is an opportunity for us to create something with a potential new business model for a new platform,\u201d Otero said.<\/p>\n

Otero is working with fellow entrepreneurs Sonny Mayugba and Travis Boudreaux. The company has also hired veterans from Capital Games.<\/p>\n

Otero Shows Skepticism About Play-to-Earn Games<\/h2>\n

During the recent interview, Otero also expressed skepticism regarding the concept of paly-to-earn, a blockchain gaming mechanic where players earn crypto tokens as rewards for completing tasks, winning battles, and competing against other players.\u00a0<\/p>\n

He said there are different player types. In the first place, there are traditional players who are looking for entertainment value and are “intrinsically motivated” to play a game.\u00a0<\/p>\n

However, crypto native players have different motivations. According to Otero, these players are often “extrinsically motivated,” meaning they seek to earn money in return for playing a game.\u00a0<\/p>\n

\n

“Our philosophy has always been gameplay, entertainment value, and fun first. Period. Why? Because that is sustainable.”<\/p>\n<\/blockquote>\n

Otero’s statement comes as blockchain games have\u00a0seen a sharp drop\u00a0in the number of users and trading volume over the past couple of months.\u00a0<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Blockchain gaming company Azra Games is taking a different approach to NFTs in Web3 games, focusing on the gameplay itself rather than the crypto elements.\u00a0 In a recent interview, Azra Games founder and CEO Mark Otero said Web3 games need to be so good that people adopt it for the gameplay not for NFTs or […]<\/p>\n","protected":false},"author":1,"featured_media":13217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-13216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nWhat Is Azra Games' Approach To NFTs In Gaming? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Blockchain gaming company Azra Games is taking a different approach to NFTs in Web3 games, focusing on the gameplay itself rather than the crypto\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=13216\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Azra Games' Approach To NFTs In Gaming? 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