EVE Frontier Appoint Central Bank Expert To Drive Game Economy

Upcoming Web3 MMO EVE Frontier has announced the appointment of a former economist at the Central Bank of Iceland as their new Head of Economy.

Stefán Þórarinsson will be conducting so-called “experiments”, deploying his experience and expertise upon the blockchain-based economy of EVE Frontier to create an ecosystem that is sustainable, rewarding, and will promote the growth of the upcoming MMO.

His first “experiment” will focus on observing the current state of EVE Frontier with its limited player pool, before optimising these systems in preparation for the game’s full release.

EVE Frontier Economy - Concept Art — Source: EVE Frontier

What is EVE Frontier?

EVE Frontier is an upcoming sci-fi space survival MMO blockchain game, built on Ethereum with Optimism-powered Layer-2 network Redstone, and available on PC.

Developed by CCP Games – the creators of 2003 hit MMO EVE Online – EVE Frontier is lauded as the next-generation of the studio’s flagship title. Players journey across the stars, commanding ships to visit planets, collect resources, and increase their influence on the universe. The game is highly-complex – purported to be even more so than its predecessor – with in-depth design, trading and combat that make it a game like no other.

EVE Frontier is being built with the latest in Web3 infrastructure to bring the MMO genre into the modern age. This includes the incorporation of Redstone – an Ethereum Layer-2 network powered by Optimism – to track and power many of the game’s complex systems, leveraging Web3 technology to amplify the game experience.

EVE Frontier Economy - Space MMO — Source: EVE Frontier

How will Þórarinsson approach his role?

Þórarinsson’s main task is to build a simple-to-understand, yet flexible and powerful player-driven economy. The ultimate goal is to have a fully self-sustaining economy, underpinned by autonomous smart contracts, that requires no further input from CCP Games.

EVE Frontier – as with its predecessor EVE Online – presents numerous hardcore challenges to the player. Once players are able to manage environmental hazards, they’ll need to defend themselves against other players. This opens up new opportunities for in-game economies – though EVE Frontier wants to leave these complex choices up to the individual player.

CCP Games has revealed that within EVE Frontier, players will be able to create custom missions and bounties by writing smart contracts in Solidity. This player-driven, custom approach could facilitate basic tasks – such as resource gathering – or incredibly complex outcomes, such as the creation of new economies and more self-sustaining worlds.

Speaking on his experience, Þórarinsson believes there’s no major differences between real-world and virtual economies. The only challenge is the lack of data and research into virtual economies – and especially those tied to blockchain technology.

So far, it appears that Þórarinsson is already thinking about the impact that an EVE Frontier token would have on the game’s economy. Hilmar Pétursson, CEO of CCP Games, has also confirmed that these “experiments” will be performed in 60-day cycles, allowing new in-game and economic features to be added on a regular basis.