From volatility to stability: Multipurpose tokens in Web3 gaming

Web3 game developers struggle with the sustainability of single-game tokens, which lose value as game popularity declines. QORPO World introduces a multipurpose studio token to support its entire ecosystem and ensure long-term utility and stability.

Web3 developers face the challenge of creating digital economies with lasting value. The reliance on single-game tokens, whose fortunes wax and wane with the game’s popularity, presents a risk. As a game reaches its peak popularity and braces for an inevitable decline, so does the community’s interest in its associated token, often leading to value loss.

The token of Axie Infinity, a popular Web3 game, achieved $160 in value before dropping to single digits as the hype around the game winded down. Source: CoinMarketCap

Recognizing the transient nature of games and their impact on token relevancy, a consensus is establishing on the need for a sustainable approach. One of the proposed solutions is the creation of a comprehensive platform token that supports a diverse range of products.

Stabilizing Web3 gaming economies with studio tokens

By utilizing a single token across multiple products within one cohesive ecosystem, developers can mitigate the risk associated with the lifecycle of individual games.

QORPO World , a Web3 gaming platform, aims to create a multipurpose token that will stand the test of time. The platform’s ecosystem is powered by the QORPO token — a versatile studio token designed to address the shortcomings of single-game token economies. Unlike traditional models, where game-specific tokens often lose value and utility as hype wanes, QORPO token supports an entire network of games, player interactions and nonfungible tokens (NFTs), ensuring sustainability and accessibility.

QORPO token will fuel the QORPO World ecosystem. Source: QORPO

Embracing a mission to democratize gaming, Cointelegraph Accelerator participant QORPO World offers a complete ecosystem comprising games, an esports platform, an NFT marketplace, a built-in wallet and a social hub.

Users can download, play and rate games and compete in esports tournaments under one digital roof. With an emphasis on gaming assets, QORPO Market, the ecosystem’s community marketplace, enables users to buy, sell and trade NFTs and digital collectibles .

One token to power them all

The QORPO token is integrated across all gaming titles within the QORPO ecosystem, including Unreal Engine 5-powered games like AneeMate and Citizen Conflict. As the ecosystem expands to include more games and services, the token’s uniform application across different platforms ensures a consistent and streamlined user experience.

Serving as the primary currency for converting in-game digital assets into NFTs, the QORPO token enables gamers to transform their digital achievements into assets with potential real-world value . Token holders are afforded governance rights within the QORPO ecosystem, allowing them to participate in decision-making.

In addition to its governance capabilities, the QORPO token acts as a currency for various transactions, including the purchase, sale and minting of NFTs . Sebastian Soos, chief business officer at QORPO, explained their decision to employ a multipurpose studio token, stating:

“After exploring various sustainable token systems, we’ve ultimately decided to blend traditional Web2 gaming monetization methods with our own innovative touch. QORPO stands as one token, representing all QORPO ecosystem products, innovative gaming IPs and scalability into B2B gaming solutions within a single-token economy.”

Multipurpose studio tokens address the inherent limitations of single-game tokenomies, ensuring longevity and relevance for digital assets. By uniting various facets of the gaming world under one token, developers can offer a more interconnected experience, ultimately enhancing the value and utility of digital economies in the Web3 space.