1/ When @yowitzer was 12, he played an Amazon on Diablo II. A stranger on Battle.net promised to teach him how to dupe. Joined a lobby and followed the instructions. Howie's body exploded and all his items dropped to the ground. The stranger picked them all up.
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2/ Howie cried.
Luckily, Howie can heal his childhood Internet gaming trauma through Web3.
Howie recently left his job in finance as a quant at a stock exchange to become the game economy designer for @GuildOfGuardian at @Immutable. A Play-to-Earn NFT MMORPG.
Luckily, Howie can heal his childhood Internet gaming trauma through Web3.
Howie recently left his job in finance as a quant at a stock exchange to become the game economy designer for @GuildOfGuardian at @Immutable. A Play-to-Earn NFT MMORPG.
3/ One key difference vs Web3 gaming is that in Diablo II, Howie never actually owned the items. They resided in business servers. And his character could be deleted if he stopped playing the game. When they're NFTs, even if the game disappears, the NFTs are still always there.
4/ Another key difference vs Web3 gaming is that with Diablo II there is a chance for hacks in centralized exchanges. On blockchain, each player is responsible for their own security.
5/ Do Diablo II items actually have monetary value? Only if you can liquidate them. Otherwise, the price cannot be discovered.
In Diablo II, a third party community emerged to facilitate transactions. But the system was inefficient and susceptible to scams. Web3 solves this.
In Diablo II, a third party community emerged to facilitate transactions. But the system was inefficient and susceptible to scams. Web3 solves this.
6/ Diablo III had a real money auction house. It was an unanimous consensus that it ruined the game. The gameplay was not designed with the consideration of a market. Players stopped playing the game. Just collected gold and bought items from the auction house. Wasn't fun.
7/ Web3 gaming requires explicit consideration of a market. In a way that produces more complex and fun gameplay properties.
8/ One solution is requiring a strong social component. Instead of an individual player, you'll need to contribute as a social team. Have certain objectives that require interacting with the market in a collective basis.
9/ Another idea that Howie's excited about Web3 gaming is monetary policy. Monetary policy will be exercised because the game will buy back tokens. Which will create an inflationary pressure on the price of the tokens. Like printing money.
10/ When the Fed buys up bonds, they're printing money.
Depending on how much developers buy back, it'll affect the money supply of the game. Affecting gameplay. Monetary policy will be a fascinating experiment where there is a meta game between developers and players.
Depending on how much developers buy back, it'll affect the money supply of the game. Affecting gameplay. Monetary policy will be a fascinating experiment where there is a meta game between developers and players.
11/ To listen in-depth from @yowitzer on Web3 game economy design, listen to the whole episode:
willandlee.show/episodes/will-…
willandlee.show/episodes/will-…
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