Play-to-Earn: Reddit Co-Founder Alexis Ohanian Backs Gaming Model

• Reddit co-founder Alexis Ohanian believes play-to-earn is the future of gaming.
• He points to six-figure sales of virtual goods in Entropia Universe and Counter Strike: Global Offensive as evidence that the model will become more widely accepted in the future.
• Other crypto veterans argue that P2E is not sustainable, but Ohanian is convinced it will become much more widely accepted as people become more familiar with cryptocurrencies and NFT trading.

Alexis Ohanian Firmly Stands By Play-to-Earn Gaming Model

Belief in Future Despite Decline in Popularity

Reddit co-founder Alexis Ohanian firmly believes that play-to-earn is the future of gaming despite the decline in popularity of some major P2E games. In a recent Twitter thread, he said that within the next five years, “the majority of gamers won’t play games unless they are being properly valued for that time.” He cites six-figure sales of virtual items in Entropia Universe and Counter Strike: Global Offensive (CS: GO) skins as evidence that this model will become more widely accepted.

Investor In Several Gaming Companies

Ohanian is an investor in several gaming companies, including Axie Infinity creator Sky Mavis, and he has been an ardent supporter of crypto-field video games. Earlier this year, amidst all pessimism around the future of the crypto industry, he said crypto, and Bitcoin in particular, is here to stay despite recent unfortunate developments like FTX’s collapse. He compares blockchain technology to paper; claiming we’ll see its applications compound over time with value and utility.

Other Crypto Veterans Are Skeptical

However, other crypto executives and game developers argue that the model isn’t sustainable; citing Azra Games founder Mark Otero who expressed skepticism about its viability. They point out issues such as difficulty monetizing user data or lack of transparency when it comes to how players are rewarded for their time invested into a game.

Ohanian Remains Confident

Despite these challenges, Ohanian remains confident that P2E games will make a comeback as people become more familiar with cryptocurrencies and NFT trading technologies scale up. With advances such as Web 3 empowering players to be properly compensated for what they’ve already been doing for free – he thinks it’s only a matter of time until play-to earn becomes standard practice across the industry.


  While there are still many hurdles ahead for Play to Earn gaming models – Reddit co founder Alexis Ohanian remains firm on his belief for its bright future ahead through cryptocurrency & NFT investments scaling up & becoming mainstream awareness among gamers & investors alike!