This is both an open letter to the 2 Billion gamers out there on why you should give crypto-gaming a chance, as well as an exposition of our crypto-gaming thesis. Despite the hype and the consensus among the crypto community that crypto-gaming is the future, we’ve encountered both nebulous explanations of its benefits and legitimate arguments by established gamers as to why it will not work. We want to address both and discuss through the lens of our personal experiences and frustrations with games symbolic of our 2000s childhoods, six reasons why crypto will change gaming. We hope to propose novel applications or ideas in each section and provide a brief overview of existing arguments.

As always, if you’ve enjoyed this article please follow us on Twitter @terry15chung and @stingrayL0.

This article builds on and is inspired by, “Into the Void: Where Crypto Meets the Metaverse” - we credit sections 1, 2, and 3 to this article. If you would like a more comprehensive overview of pillars 1, 2, and 3, we highly suggest reading this article first. Our previous work on Axie also touches on this as well - check out the section titled “It's Just a Game”.

Table of Contents

• Definitions and Background
• Pillar 1: Asset Ownership
• Pillar 2: Transactions and Payments
• Pillar 3: Interoperability
• Pillar 4: Game Governance
• Pillar 5: Reward Contributors
• Pillar 6: Open Source
• Redefining the Future of Work?

Tl;dr

Pillar 1: Asset Ownership

• NFTs allow you to keep in-game items even if the game shuts down
• Self-custody means you can use it in other interoperable projects
• NFTs can represent rights to access a game + other perks that give new monetization models to game devs
• NFTs tell a story through the provable history of ownership that can make gameplay more immersive.

Pillar 2: Transactions and Payments