🕹️ TikTok Mega-Star Launches Web3 Gaming Company


Like most ventures on the blockchain, play-to-earn gaming has been met with a lot of skepticism. In addition to the environmental impact and volatility of the crypto market at-large, gamers have brought up concerns unique to play-to-earn gaming. Critics say these games are costly to enter, have minimal gains, and promote exploitative lending practices between “managers” who can afford the NFTs needed to start playing and “scholars” who borrow them. Managers often receive a sizable percentage of the revenue that scholars generate in-game, and many have likened the arrangement to a “Ponzi scheme.”

Still, Web3 evangelists believe that, over time, play-to-earn games will allow dedicated players to better monetize their passions. TikTok mega-star Michael Le is one of these believers, and he has channeled that optimism into a new crypto-based gaming platform, Joystick. Instead of taking a percentage of players’ revenue, Joystick aims to rent NFTs out for a flat monthly fee while gamers keep 100% of what they earn in-game. Le and his co-founder Robin DeFay hope they can assuage users’ fears with its team of blockchain vets and create a pay-to-earn gaming platform that maximizes earnings. While much remains to be seen, Le and DeFay spoke with Passionfruit reporter Grace Stanley about their vision and excitement for blockchain-based gaming.


TikToker Michael Le enters Web3 with new crypto-based gaming start-up Joystick

“For any influencer that wants to be a part of it, I think they need to educate themselves first before doing anything because it’s a very unregulated space.”

By Grace Stanley, Passionfruit Reporter

Michael Le and Robin Defay


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