Web3 is already kicking off a revolution in gaming, with concepts such as digital property ownership and value sharing proving to be pillars of its growth. (Reporting via gazza_jenks)
There is no substitute for experience. Even when an experience can feel regrettable, like getting your brother’s Runescape account banned.
Ferguson’s Runescape banning incident provided the impetus for his move into blockchain gaming development, having been left frustrated by what he described as the “arbitrary impunity” by which gaming economies and assets were governed by mainstream companies. “The reason we started with games is because they’re by far the most exciting use case for NFTs. There’s $110 billion spent every year on digital property that people have zero rights to, and it’s a complete scam.”
The launch of Gods Unchained saw 50 million NFTs minted in its first week, which then led to a price surge due to high gas fees in the Ethereum ecosystem. This highlighted a major need to scale and reduce minting costs in order to make a Web3 NFT-packed game viable for any company, as Ferguson explained:
“We get to make it so anyone can create these assets for free via incredibly valuable economies and instead be monetized by taking small clips on every trade, which means we have the exact same incentive as games and users do, which is to maximize volume.
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