Austin Castellaw

The total market cap of all stablecoins is close to $200B. This represents around 10% of the entire crypto industry. They have quickly become a critically important piece of most DeFi products. There are several ways to create a dollar-pegged token, and each strategy comes with some tradeoffs.

As players earn and extract money out of the gaming economy it puts significant downward pressure on prices, as most people are just cashing out their winnings and not reinvesting back into the game.

This is a fundamental shift in blockchain scaling.Running a game completely on-chain on a monolithic blockchain is economically unfeasible and will remain so for the foreseeable future. That is why most of the blockchain games that have been released in the past few years are in a hybrid form, having only a few components of their stack on-chain... See more

The gaming industry is slowly waking up to blockchain technology. It will dramatically change the gaming landscape to the benefit of gamers.

Algorithmic — The value and supply of algorithmic stablecoins are controlled by code. If the demand for the coin starts to increase rapidly, the protocol automatically creates more coins to bring the price down. If the value drops too low, some of the supply is burned to bring the price back up.

Doesn’t this sound great? Well, yes! Now, this is just one of the many examples of this ability to “Web3-anize” assets, i.e to convert from the older way of doing things to a newer model. I would like to further expound on this idea by just taking you on a journey to envision what an increasingly tokenized world could look like.