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Part 2: creating the new frontier – Chris Rempel's Blog
Also consider: All it takes is for one game world built on-chain to remotely succeed, and then it’s game over for anything that’s solely entertainment. Think about it – why bother investing any meaningful time or resources into a game world where you aren’t building real world value?
Chris Rempel • Part 2: creating the new frontier – Chris Rempel's Blog
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.
Chris Rempel • Part 2: creating the new frontier – Chris Rempel's Blog
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.
Chris Rempel • Part 2: creating the new frontier – Chris Rempel's Blog
In a world where Gen Z’s & Millennials are increasingly being priced out of conventional equity vehicles like real estate – tokenized assets are a very compelling alternative.
Chris Rempel • Part 2: creating the new frontier – Chris Rempel's Blog
Tim Sweeney: “This Metaverse is going to be far more pervasive and powerful than anything else. If one central company gains control of this, they will become more powerful than any government and be a god on Earth.”
Chris Rempel • Part 2: creating the new frontier – Chris Rempel's Blog
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
Chris Rempel • Part 2: creating the new frontier – Chris Rempel's Blog
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.
Chris Rempel • Part 2: creating the new frontier – Chris Rempel's Blog
For example, for the first time ever, creators can now sell works as NFTs that are hard-coded to generate royalties from all future resales, in perpetuity. This means that every time one of their works is re-sold at auctions, on a marketplace, on streaming services, etc. the actual creator is compensated directly, along with the new seller.
Chris Rempel • Part 2: creating the new frontier – Chris Rempel's Blog
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.