Profiling the Potential Risks and Benefits of Emerging “Play to Earn” Games: a Qualitative Analysis of Players’ Experiences with Axie Infinity

Delic, Amelia; Delfabbro, Paul

doi:10.1007/s11469-022-00894-y

Cited by 22 publications

(13 citation statements)

References 23 publications

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“…However, NFTs can overlap significantly with cryptocurrencies in the ways they are used. For example, recent research has explored the role of NFTs on 'Play to Earn' (PTE) online gaming (Delic and Delfabbro 2022;Aguila and Bartolata 2022), as well as their use for in-game collectables such as VGO skins (Gonserkewitz et al 2022). Additionally, NFTs have also been compared to highly speculative markets, where investors expect to profit from 'hyped' digital assets valued substantially above their actual price (Ma and Wen 2022).…”

Section: Discussionmentioning

confidence: 99%

Cryptocurrencies as Gamblified Financial Assets and Cryptocasinos: Novel Risks for a Public Health Approach to Gambling

Andrade

Newall

2023

Risks

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Policymakers’ attempts to prevent gambling-related harm are affected by the ‘gamblification’ of, for example, video games and investing. This review highlights related issues posed by cryptocurrencies, which are decentralised and volatile digital assets, and which underlie ‘cryptocasinos’—a new generation of online gambling operators. Cryptocurrencies can be traded around the clock and provide the allure of big potential lottery-like wins. Frequent cryptocurrency traders often suffer from gambling-related harm, which suggests that many users are taking on substantial risks. Further, the lack of regulation around cryptocurrencies and social media echo chambers increases users’ risk of being scammed. In comparison to the conventional regulated online gambling sector, cryptocasinos pose novel risks for existing online gamblers, and can also make online gambling accessible to the underage, the self-excluded, and those living in jurisdictions where online gambling is illegal. Researchers and policymakers should continue to monitor developments in this fast-moving space.

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Section: Discussionmentioning

confidence: 99%

Cryptocurrencies as Gamblified Financial Assets and Cryptocasinos: Novel Risks for a Public Health Approach to Gambling

Andrade

Newall

2023

Risks

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“…The smart contract of DNFT has been developed in Hardhat framework [48], which allows the development and testing of smart contracts for decentralized applications. Along with Hardhat, the functionalities of Ethers [49] have also been utilized because it helps in writing test and deployment scripts using JavaScript.…”

Section: Methodsmentioning

confidence: 99%

Smart Contract-based Dynamic Non-Fungible Tokens Generation System

Shah

Khokhariya

Patel

2023

Preprint

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Digital assets backed up by blockchain technology are termed Non-Fungible Tokens (NFTs). Every NFT is uniquely identified by its metadata, stored in the smart contract. This metadata can consist of associated images, descriptions , attributes, and other relevant details in a JavaScript Object Notation (JSON) object. Most of these NFTs are static; therefore, their metadata remains immutable. Due to rising blockchain use cases like real-world token regulation and blockchain-based ticketing platforms, a need arises to modify the existing metadata and require interaction for community engagement. Here, Dynamic NFTs (DNFTs) bring the notion of adding upgradeability and interactivity to existing NFTs. We propose a DNFT generation system built on top of decentralized oracle networks and utilizing on-chain metadata using smart contracts, which could be used as a base for future dynamic NFT generation models. Furthermore , we are bringing the web2 equivalent experience to viewable content, which can be used for ad spaces and real-time messaging in the form of NFTs. Henceforth, we are augmenting NFTs for versatile use cases, such that they are more than just static assets.

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“…SLP is traded on some popular cryptocurrency exchanges with some providing players with step-by-step instructions for moving their earnings from their game account to their crypto account 76 . A recent qualitative study by Delic and Delfabbro 77 underscored the potentially negative effects of PTE in that it seems to undermine players’ intrinsic motivation for gaming. In other words, they perceived PTE video gaming more as employment than a recreational game, which the qualitative data suggest contributed to poorer mental health.…”

Section: Pte Gamingmentioning

confidence: 99%

Implications of the Increasing Convergence of Video Gaming and Gambling: A Narrative Review

Mills,

Anthony,

Lee

et al. 2023

Canadian Journal of Addiction

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Two of the most popular recreational activities, video gaming and gambling, have converged in a number of different ways including through (1) social casino gaming, (2) loot boxes, (3) skin betting, (4) esports betting, and (5) play-to-earn video gaming. These convergences have brought about concerns, surrounding the increased risk of problems related to excessive use. The present paper reviews the current literature across these 5 areas of convergence, summarizing the implications for policy and future research. The findings from our review generally underscore the modest to strong increase in risk for harms due to these convergences that has important policy implications for regulation. However, much of the research continues to draw from convenience sampling and cross-sectional study designs. Therefore, though concerns regarding continued convergence persist, there is a strong need for further research in this area that utilizes more rigorous methods and employs a broader assessment of both video gaming and gambling engagement. Deux des activités récréatives les plus populaires, les jeux vidéo et les jeux d’argent, ont convergé de différentes manières, notamment par le biais : (1) des jeux de casino sociaux, (2) des coffres de butin, (3) des paris Skin, (4) des paris sportifs en ligne, et (5) des jeux vidéo où l’on gagne de l’argent. Ces convergences ont suscité des inquiétudes quant au risque accru de problèmes liés à une utilisation excessive. Le présent document passe en revue la littérature actuelle dans ces cinq domaines de convergence, en résumant les implications pour la politique et la recherche future. Les résultats de notre examen soulignent généralement l’augmentation modeste à forte du risque de dommages due à ces convergences, qui a d’importantes implications politiques pour la réglementation. Toutefois, une grande partie de la recherche continue de s’appuyer sur des échantillonnages de commodité et des études transversales. Par conséquent, bien que les inquiétudes concernant la poursuite de la convergence persistent, il est absolument nécessaire de poursuivre les recherches dans ce domaine en utilisant des méthodes plus rigoureuses et en procédant à une évaluation plus large des jeux vidéo et de l’engagement dans les jeux d’argent.

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Profiling the Potential Risks and Benefits of Emerging “Play to Earn” Games: a Qualitative Analysis of Players’ Experiences with Axie Infinity

Cited by 22 publications

References 23 publications

Cryptocurrencies as Gamblified Financial Assets and Cryptocasinos: Novel Risks for a Public Health Approach to Gambling

Cryptocurrencies as Gamblified Financial Assets and Cryptocasinos: Novel Risks for a Public Health Approach to Gambling

Smart Contract-based Dynamic Non-Fungible Tokens Generation System

Implications of the Increasing Convergence of Video Gaming and Gambling: A Narrative Review

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