Cutting through the hype of Blockchain Gaming
Blockchain games are experiencing massive hype and investment. But is there any substance there? Axie infinity, The Sandbox, Decentraland, Splinterlands, and more all present themselves as a fundamentally new approach to game design. Unfortunately, they are troubled at every level -- economic, technological, and social, as I will demonstrate by drawing on quantitative evidence as well as the 30-year history of precedent from other online games. If there is a future for Blockchain gaming, it will need to fundamentally rethink its approach.
I assume the audience has a basic understanding of the following concepts:
- Massively Multiplayer Online Games
- Basic economics
The audience will learn about the fundamental instability of "play-to-earn" schemes, the fundamental difficulty of balancing economies and also making a fun game at the same time, the ways virtual housing crises mirror the real world housing crisis, and how to move past fundamentally broken paradigms in order to build truly decentralized games.