The Evolution of Player-Owned Economies and the Rise of Digital Asset Ownership
To better understand the future of Web3 gaming, it’s important to delve into both the history of on-chain games (like we did in Part 1 of this series), and how traditional gaming models have evolved. The trend towards “forever games” and improved retention has created player-owned economies, which are inherently supercharged by crypto and token incentives. Game loops have changed dramatically since the introduction of Pong in 1972. They have moved away from unique game releases and shifted towards creating “forever games,” or titles that are refreshed with new content, seasons, battle passes, etc. In fact, the top 20 games of 2022 were actually released years prior. This is congruent with traditional media, where the number of sequels and remakes has surged 700% since 1993, accounting for 75% of the top 20 films each year. Put simply, if a studio builds winning IP, they are incentivized to maximize the monetization of that IP. It is much more cost-efficient to create Fortnite seasons (
The Evolution of Player-Owned Economies and the Rise of Digital Asset Ownership The Evolution of Player-Owned Economies and the Rise of Digital Asset Ownership Sterling Campbell · co-authored with · No items found. 5.17.2023 · Research #blockchaincap To better understand the future of Web3 gaming, it’s important to delve into both the history of on-chain games (like we did in Part 1 of this series), and how traditional gaming models have evolved. The trend towards “forever games” and improved retention has created player-owned economies, which are inherently supercharged by crypto and token in
related reading
- The Ownership Economy 2022 – Variantvariant.fund
- A Brief History of Web3 Gaming: What We’ve Learned So Farblockchaincapital.com
- Managing Crypto Gaming Economiesmetaportal.substack.com
- The Future of (Crypto) Gaming - Delphi Digitalmembers.delphidigital.io
- The Ownership Economy – Variantvariant.fund
- Crypto Gaming: A Most Practical Thesis | by Arad | Collab+Currency | Mediummedium.com
- Moving from play-to-earn to play-to-own - The Business Timesbusinesstimes.com.sg
- The Ownership Economy 2022 – Variantvariant.fund
- How to Make On-Chain Gaming Competitive: ‘Session Keys’ [Part 1] — Matchbox DAOmirror.xyz
- The Ownership Economy 2022li.substack.com
- Gaming DAOs: A New Way of Coordinating Gaming Communitiesnaavik.co
- The Web3 Sustainability Loop. A system design for long-term growth of… | by Trent McConaghy | Ocean Protocolblog.oceanprotocol.com