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Building a Better Gaming Industry
Welcome to our 10-Year Plan for Building a Better Gaming Industry. This Article outlines our vision for empowering creativity, promoting true ownership of assets, and embracing human-centered technology in the gaming industry.
The rise of new technology always comes with skepticism and critics.
In 1995 in an Infoworld Article, Robert Metcalfe, the inventor of the Ethernet, predicted that the Internet would collapse in 1996. “I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.”
Over the past years, we’ve seen the rise (and fall) of Play 2 Earn and NFTs enter the gaming space with their share of criticism.
As founders building in this space, we take these criticisms very seriously; in fact, 85% of the articles we consume are about why NFTs are bad for the gaming industry and how Web3 is a joke.
We’re still on Day 1 for Web3 and the use case of NFTs, and predicting what will happen in the space for the next 20 years is extremely hard.
Nevertheless, as a company, we have a window of opportunity to help evolve a new way of thinking about games and the benefits of NFTs in the entertainment industry.
Most companies and criticisms of NFTs are from companies that, in reality, they see NFTs as a threat to what brings them revenue.
As an example, you have two sides to the same coin.
Epic Games, which most likely will be one, if not the Top Brand supporting the metaverse because of Unreal Engine, embraces NFTs and welcomes NFT Games to their Epic Store.
On the other hand, Steam decided to ban them; the fun Fact about Steam is that they have a community marketplace where players can buy and sell weapons, tickets, and skins; for CS:GO, for example, Steam takes 13% on every transaction. In fact, Steam hired Yanis Varoufakis to make sure that their marketplace wouldn’t crash.
The underlying issue is that Steam owns “Your” assets, and introducing NFTs into their system also means giving up control and profitability.
One example of how this can be predatory goes by the name of SEACAT on Steam; he is a player with a collection of CS Skins worth 5 Million Dollars that are now locked because of a steam ban.
We want to share our 10 Year plan and roadmap, which will help us grow and solidify our leadership position in an emerging market and, more importantly, help advance the Blockchain Games. We want to go deeper than creating fun games, even tho this is our top priority.
However, A fundamental measure of our success will be through the value we create over our long-term contribution to the space.
There are three areas we want to focus on:
- 1.Empowering Creativity
- 2.True Ownership of Assets
- 3.Embrace Human-centered Technology.
As creatives, the future of gaming should be a collaborative ecosystem where anyone can contribute their ideas and creations. We want to develop intuitive tools and systems that make it easy for people to use our IPs in their creations, such as lore, game skins, music, and even games. By doing this, we aim to engage a broader range of people, including non-gamers, in our ecosystem.
There are several benefits to a co-creation ecosystem in gaming. For one, it allows a greater diversity of ideas and perspectives to be represented in the industry. When more people can contribute and have a say in the direction of the industry, it leads to a more vibrant and dynamic creative environment.
Additionally, a co-creation ecosystem can lead to more innovation and experimentation in the industry. When people are given the freedom to create and explore new ideas, it can lead to the development of new and exciting gameplay mechanics and experiences. This can keep the industry fresh and exciting for players and help to drive its continued growth and evolution.
Finally, a co-creation ecosystem can help to build a sense of community and belonging among players and creators. When people feel they can contribute and make a difference in the industry, they are more likely to feel invested and connected. This fosters a sense of loyalty and engagement that helps sustain our game long-term.
Overall, a co-creation ecosystem is essential for the future of gaming, and we are dedicated to creating the tools and systems that will enable anyone to contribute their own ideas and creations.
Creativity is one of the most potent human traits, and by empowering more people to create, we can create a positive feedback loop.
The more content we have, the more people will be attracted to play and interact with the game, attracting even more creators.
We aim to create a vibrant and dynamic gaming community where everyone can participate and contribute.
The concept of true ownership of digital assets is a complex and nuanced topic that has important implications for the future of gaming and other industries. It raises questions about the nature of the ownership and the rights of players and creators.
On the one hand, players have the right to enjoy and use the assets acquired through gameplay. This includes being able to sell or trade those assets if they choose to do so. On the other hand, game developers and other creators have the right to protect their intellectual property and set the terms of use for their products.
Finding a balance between these conflicting interests takes work and will require careful consideration and dialogue between players, developers, and other stakeholders.
This idea also raises complex philosophical questions. For instance, if a player is banned from a game, they may no longer have access to their assets. With NFTs, players can sell their assets on a marketplace, but the issue goes beyond the ability to sell.
Players can develop emotional attachments to their digital assets, even if they do not have a monetary value. For example, a player may transfer their Pokémon from one game to another because it has been a part of their journey. If the player is banned, it can cause emotional distress.
As a company, we are concerned with determining what actual ownership of an asset will look like in the future. We want to allow players to connect to our ecosystem and use their assets outside our game, but this is a complex task. We will need to carefully consider the implications and find a solution that balances the needs of players with the needs of the company.
This ties in with our first goal and is one of the reasons we are drawn to the potential of Web3.
The idea of empowering humans is central to our approach.
The term “decentralization” is frequently used, but we must agree with Jack Dorsey’s assessment: “You don’t own ‘web3.’ The VCs and their LPs do.” Even Ethereum is reliant on the centralized web provider Amazon AWS.
The most important aspect of any technology is how it impacts and empowers people.
Instead of focusing solely on decentralization, we want to prioritize building technology that is easy for people to use, access and create. By putting people at the center of our work, we can create technology that enhances their lives and enables them to experience high-quality interactions and concepts.
We also understand the concerns raised by figures like Jack Dorsey and agree that it is essential to ensure that technology is not controlled by a select few but benefits the wider community.
We must focus on creating intuitive and user-friendly technology to achieve this goal. This means designing interfaces and experiences that are easy to understand and navigate and providing users with clear and concise information. It also means ensuring that our technology is accessible to as many people as possible, regardless of their technical expertise or familiarity with the underlying technology.
In addition to being user-friendly, we must also prioritize the security and privacy of our users. This means implementing robust security measures to protect user data and ensuring that personal information is handled with the utmost care and respect. It also means being transparent about how we use and collect user data and giving users control over their data and privacy settings.
Overall, our goal is to create technology that enhances and enriches the lives of humans rather than the other way around. We can create genuinely transformative and meaningful technology for all users by embracing a human-centered approach.
Achieving our vision of building a better gaming industry will be challenging, but it is a mission that we are committed to. By empowering creativity, promoting actual ownership of assets, and embracing human-centered technology, we can create a gaming industry that is more inclusive, innovative, and responsive to the needs and desires of players.
We are excited about the challenges and opportunities ahead and are ready to work tirelessly with all who share our vision to create a better future for gaming. By coming together and working towards this common goal, we can build an industry that genuinely enriches the lives of players and creators alike.
We understand that the rise of new technologies, like NFTs and Web3, is often met with skepticism and criticism. However, these technologies can potentially transform the gaming industry for the better. By embracing them and working with players and other stakeholders, we can create a brighter future for gaming and all those who love it.