Part 2: creating the new frontier – Chris Rempel's Blog

And if games like this reach anywhere near the scale of Fortnite, Minecraft & Roblox et al, think about how to appraise real estate that gives you access to millions of digital pedestrians (foot traffic) every day. The opportunity would be akin to buying an acre of Manhattan for $200 in the early 1800’s.

What’s lost amidst the shock & awe headlines, though, is that NFT’s are likely to be the most formative business model catalyst in the entire crypto space. This is because they provide a way to prove ownership to unique digital assets, and prevent counterfeits.

For example, user-investors of FileCoin (an on-chain Dropbox alternative) who purchased $FIL tokens in 2019 have since seen their equity increase by about 25X. Filecoin uses their token to incentivize “miners” that provide their own devices as part of the storage cloud.

Which means that if you outfit your character with, say, “Nike sneakers” in a game, it would be easy for Nike to build a Web3 connector on Nike.com that would automatically pre-populate your cart with a pre-paid order for the physical version of those same sneakers, shipped to your door.

Bottom line: This is the tip of the iceberg, and these are still early innings. Most of today’s projects will flop as part of the relay-race of mass adoption. But as you can hopefully see, the opportunities emerging for entrepreneurs are almost violently compelling.

This may not seem like a big deal for creators & startups in first-world countries – where services like Stripe & Paypal have become fairly seamless & merchant-friendly. But if you’re in the 3rd world – or otherwise in a business where getting a merchant account is difficult – this is a HUGE deal.

It’s particularly this interoperability and overlap between our digital apps, services & devices that will become as second-nature as swiping a screen on a phone… which creates a whole new world of opportunity for entrepreneurs.

Now, what happens when you give millions of passionate gamers like this an opportunity to become actual digital homesteaders in a gaming world? A world where they can not only own scarce assets like virtual real estate, tradeable in-game loot, etc… but they’re also shareholders and beneficiaries in the success of the entire digital world itself?

-Play to Earn