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Originally Posted by Bobo Fett
Thanks Lou, that was helpful. The first thing I was wondering, though, was this:
Although I thought about it the opposite way. If a game developer wanted to allow secondary markets, why do they need to do it through NFTs?
They certainly dont if all they want to be able to do is allow a player to sell a sword or skin or something. Legacy game makers have taken various stances on turning anything in game into real money.
For game makers that embrace the new P2E NFT model (in game goods having value outside game), smart contracts, blockchain tech (stuff that bitcoin and NFTs are built on) allow game makers to integrate the process more seamlessly into the game and make it MUCH easier to do. But use case does not stop with market for goods and P2E. For example staking and renting of your character is becoming a key feature of most new games coming on the market. all made much easier through smart contracts (i.e. NFTs) .
Is all the above possible with out smart contracts / blockchain/NFTs... yup. But so is building a house without the use of nail guns and just using hammers.
Aside from all the game play advantages. NFTs are a form of crowd sourcing for innovative start up gaming companies. Previously the big , established gaming companies controlled what was released to the market. Start up companies were far and few between due to inability for start up companies to put forth a credible plan to VCs who saw no way to outwit the established behemoths. With no start up capital and even the best innovations just sit in the lab
The amount of innovation coming into gaming now is a new era for gaming, partially enabled by the ability of small gaming studios to test ideas and gain customer followings in the form of selling prelaunch game related NFTs to fund development. Many of those project will fail. Some have already broken out and are blockbusters, more will follow. Quintessential power to the people... eff the big gaming studios sediment in the gaming space. The old established legacy game makers are sort of stuck.. classic innovators delimna.
all the above is very broad generalities to discuss general directions and trends and to give a better feel of what is happening in the space. But regardless what I or anyone else thinks about the merits of NFT gaming... it is here, it is big, and going to get much much bigger in 2022 and even bigger in 2023.