It’s Game On for Web3: How Gaming Will Onboard a Billion People

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It’s Game On for Web3: How Gaming Will Onboard a Billion People
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“There are so many gamers in the world who are already used to trading digital items and buying digital things,” said 0xConnolly of immutable. Read more from our 3-part series on how different industries are tackling mass adoption. tobyleah reports:

Currently, when players want to buy items like skins from huge Web2 games like CS:GO, Rust, League of Legends, Valorant or Fortnite, they can buy them directly from the game or via marketplaces like Steam.

But to him, the use case is clear. “It's about just getting something back for what you put into it, in terms of possessing some sort of interoperable utility.” Polygon’s Goel echoed this issue with the current Web2 model, explaining that in-game items effectively go to waste once a player grows tired of a game. “There are games that I'm done playing and it's like, 'well, I spent my time, money and energy on this and there are other folks that actually might find value in these items and I can't give it to them, I can't sell it to them, I can't trade it.

“Imagine that UGC happening in your own ecosystem, and the opportunity for somebody who creates there can have financial upside,” Tucker said. “[In Web3], they can sell that experience or generate eyeballs or monetize it however they decide to do so. It engages the community, and now they have skin in the game, which reinforces that ownership and interoperability component and all these things operate together to create a durable experience.

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