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

-Revenue Sharing & Royalties (ie Steem)

The base layer of a new world needs to be ready before you can start building cities on it.

When you create any app or experience native on a blockchain like Ethereum, it’s designed to instantaneously interface with a user’s wallet – which is just a “key” to their assets already stored on-chain.

What this means is that as a developer / publisher in Web3, you’ll be able to build “if/then” processes based on virtually anything that your users have ever purchased, sold or done on the blockchain.

One of the possiblities that arise from a user’s Wallet ID being persistently connected to anything else on the same blockchain is that opt-in relationships between IDs (eg. followers, customers, subscribers) can similarly be ported, instantly & seamlessly, from one app / service / experience to any other... In plain English, if you follow someone ... See more

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.

This is where role-playing games become role-playing economies.

The point is – millions of gamers are incredibly passionate, dedicated and very willing to invest substantial time & resources into digital worlds that they care about… even when there is little or no profit motive.