Thread by @amytongwu

1/ As a gaming + crypto investor, I’ve been thinking about the intersection of the 2 for months. We’ve yet to see a major game or publisher adopt blockchain tech. Yet it’s really intriguing. Why has this been so hard?

2/ First what could crypto in a game look like? In-game digital currency + ICOs, fiat-crypto payments, items exchange, NFT items/skins/land, gold farming marketplace, interoperable NFTs cross-game, decentralized transactions in the metaverse. Why isn’t there broad adoption?

3/ 1. Big publishers are worried about regulatory risk
2. You can do a lot of that without blockchain
3.Inevitable pay-to-win dynamics, not popular in western games. In fact, this may break F2P progression
4.Attracting crypto speculators rather than a loyal gamer community

4/ A further note on breaking F2P: interoperable NFTs is a real value plus you can introduce more liquidity by trading on 3rd party exchanges. But in practice it’s extremely difficult to get power and economy right cross-game

5/ Take #thunderfury from @Diablo... How would that translate to a @EpicGames Fornite or @Escape_Tarkov weapon? Would be awesome if it did! But if I bought it would it be fair?

6/ NFT skins would not impact game economy. But then what’s the point of making it an NFT? Fortnite knows if you bought a #guff skin last May or yesterday and can display that. Nonetheless it would be awesome to see a mainstream game try

7/ It starts with the game. As we’ve seen time and time again, players come for the game, then adopt the platform. @valvesoftware launched Half Life, then @Steam. @Blizzard_Ent launched WoW / @StarCraft , then Battle.net. @Roblox was the exception

8/ I believe an open world, shooter, or strategy game could bring crypto into mainstream gaming, with a post-F2P economy. Collectibles in gaming paved the first step. Would love to hear your thoughts

@SBF_Alameda thoughts on in-game items trading on @FTX_Official? 🎮