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?
Most of today’s consumer tech giants monetize through ads: Facebook, Google, Twitter, Snap, YouTube. Virtual worlds are the next generation of consumer tech, and they’ll monetize through commerce—through virtual economies and marketplaces.
Now that digital ownership is exploding by way of NFTs, people are seeing bigger financial and status opportunities online than offline. This is the biggest catalyst for living online we’ve seen to date. Individuals are building status and identity in the virtual world the way that they do in the physical world. Why own a Gucci bag to impress a few... See more