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Two areas stand out to me personally: 1. Gaming. There are a lot of interesting games now where people own assets (sort of like trading cards), characters in t
by cl42 5y ago
Two areas stand out to me personally:
1. Gaming. There are a lot of interesting games now where people own assets (sort of like trading cards), characters in the games, and get compensated for how they contribute to the games. This is a very interesting model, and some of the games have millions of DAUs... And that's millions of DAUs while the tools to buy the tokens to play the games are still very difficult to obtain for some people.
2. DAOs. The level of interaction and excitement around people discussing how to govern their communities in a healthy, scalable way is something I've never seen in social media... This doesn't even involve money/crypto changing hands -- it's about using voting tokens, bots, and creative rule making to make organizations and communities grow and scale inclusively and in a way that doesn't have a centralized authority making decisions (in contrast to say, Facebook).
If you're interested in learning more, I highly recommend joining a few Discord channels for DAOs.
- gizmo385 5y agoI personally never see the gaming use cases for this going mainstream. The bigger players in this right now (ex: Axie) are super exploitative l, especially of poorer individuals and its business model reeks of a pyramid scheme. As for the broader ideas, I don't think the incentives line up. What incentive does a video game developer, especially a large one, have to support any of this? And how would it actually work beyond gimmicky pyramid scheme games like Axie?
- cl42 5y agoMaybe I misread you, but why would a larger video game developer need to support an industry to lend it credibility? Most web 2.0 companies don't support web3, and most web3 community members would argue that this is because web3 directly threatens the web 2.0 business model. I could spend all day on Facebook making stupid posts, or play Axie Infinity and maybe make some money. Which one is worse?