Thread by @amytongwu

1/ Valve banned blockchain games from Steam yesterday. It’s not surprising. Web2 centralized platforms get a cut of all value generated from its ecosystem. Blockchain circumvents that and decentralizes value back to builders and users

https://twitter.com/spacepirate_io/status/1448713803680473089?s=21

2/ Let’s take Roblox: most people don’t realize Roblox developers only get 27% revenue share. The company did ~$500M in rev Q2 this yr alone. Yet they just announced only 1,000 devs of their 1.2M community make $30k or more. Does that feel fair?

3/ Web2 centralized companies inevitably extract increasing value from its ecosystem to grow, pushed by concentrated shareholders. Web3 companies, are existential threats to their business. I expect other game/app stores to follow Valve.

https://twitter.com/cdixon/status/1442201621266534402?s=21

4/ One that’s decided to stay open for blockchain games is @EpicGames, a distribution platform with 60M+ MAUs. CEO @TimSweeney has fought for developer economics the last couple yrs against Apple and Google

https://twitter.com/timsweeneyepic/status/1449146317129895938?s=21

5/ Web3 game devs also have other platform options, and most I’ve met are developing on the browser, where there’s easy integration with web3 wallets, and instant distribution via self-built communities or social networks

https://twitter.com/apaley13/status/1449084988314562570?s=21

6/ We are at the cusp of one of the largest value transfers of our generation, enabled by web3. The fireworks are yet to come as web2 holds on to their longstanding interests. What are your predictions?