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AUSTIN, TEXAS – MARCH 13: Alexis Ohanian Sr. speaks onstage at “Featured Session: Empowering the Next Generation to Build a Better Future” during the 2023 SXSW Conference and Festivals at Hilton Austin on March 13, 2023 in Austin, Texas. (Photo by Amy E. Price/Getty Images for SXSW)
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AUSTIN, TEXAS – MARCH 13: Alexis Ohanian Sr. speaks onstage at “Featured Session: Empowering the Next Generation to Build a Better Future” during the 2023 SXSW Conference and Festivals at Hilton Austin on March 13, 2023 in Austin, Texas. (Photo by Amy E. Price/Getty Images for SXSW)
Alexis Ohanian has shared thoughts about the future of video games, and his theory will blow your mind.
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It is no secret that Alexis Ohanian is one of the most famous people in the world. Fans know him as the co-founder of Reddit, a ‘social news aggregation. However, Ohanian sold the platform in 2006, moving on to better opportunities in life. He then became an anchor investor in multiple companies, mainly focusing on Web3. Alexis’ notable investment was Sky Mavis, the franchise behind developing Axie Infinity.
And for those unaware of it, you need to step into the world of Web3. In simple words, Alexis wants you to be part of the blockchain and crypto community as he believes Pay-to-earn games to be the future of gaming.
Alexis Ohanian pens down the future of the gaming industry
On May 31, 2023, Alexis uploaded a bunch of tweets on his account. The angel investor spoke about the need for video games to have a play-to-earn model. He said, “Within the next 5 years, the majority of gamers won’t play games unless they are being properly valued for that time. The model is called “play-to-earn” and it will become standard for video games in the future.”
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LOS ANGELES, CALIFORNIA – SEPTEMBER 25: Alexis Ohanian poses on the pink carpet at Banc of California Stadium on September 25, 2022 in Los Angeles, California. (Photo by Meg Oliphant/Getty Images for Angel City FC)
The investor stressed how Club Neverdie, from Entropia, was sold for over $635,000. And mind you, this was 2010, the time when Bitcoin was nothing but a baby. Then, Alexis also added comments on how Axie Infinity was already on a roll to create the model, which could be the game-changer.
In simple words, the investor claimed that the gaming industry would see a sharp decline. After all, who would want to keep playing video games for free when you could earn something from them? Well, to support his theory, Ohanian also shed light on the world of CS:GO, where someone recently bought a half-a-million-dollar cosmetic.
The @OthersideMeta is certainly the most visible of these (776 co) and I believe the momentum will come from the fact they've already identified and engaged their biggest fans from Day 0. Unlike a traditional launch that has to Hollywood launch its way to as big an audience as…
— Alexis Ohanian 🧠 (@alexisohanian) May 31, 2023
Talking about it, he said, “It’s wild still seeing sales like this $500,000 for a CS-GO skin a month ago.” So, if Alexis Ohanian believes the future of gaming to have a play-to-earn model, then it could simply be true.
Last but not least, Serena’s better half is still bullish on the crypto scene as he claims it to have more potential. Despite the FTX collapse and Binance issues, Alexis aims for a positive future for the crypto world.
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Written by
Edited by
Hitesh Nigam