With Ubisoft, every item in the game is owned and controlled by a single entity.
There are no means of ownership, rarity, or uniqueness inside of this ecosystem.
As video game technology grows this will become an even bigger problem for players.
Could you imagine virtual realities where items as close to tangible as possible are at the whim of a single larger company?
Believe it or not we’ve actually seen this before, and it didn’t end well.
For those of you who played WoW, you’ll know exactly what I’m talking about
World of Warcraft, a popular MMORPG had over 12M users at its peak.
It actually became so popular that gold used in the game became worth real money
Users all across the globe started to “farm gold,” growing it to a $900M+ industry while employing millions of players…
Gold farming became so massive and widespread that it was banned in China (ironically)
Thanks to this, the developers of the game were forced to make changes to game mechanisms and make the virtual currency less valuable…
As I’m sure you’d expect, people were not happy.
According to Vitalik, this was one of his reasons for wanting to create Ethereum.
From his bio:
“Blizzard removed the damage component from my beloved warlock's Siphon Life spell. I cried myself to sleep, and on that day I realized what horrors centralized services can bring.”
This is exactly where the blockchain comes into play.
Crypto-economics combined with digital ownership creates powerful network effects.
As said best by .@SquishChaos, “a bet against crypto becomes a bet against the customer.”
By taking a look at some of the notable events happening for crypto in the last few weeks, it will help to understand exactly how fast this space moves.
It moves so extraordinarily fast… it’s almost scary.
Here is some food for thought below… 💭🥐
Just a few months ago the market was red all around.
We were hit with headline after headline, each one bashing the entire industry.
Combine this with the #Bitcoin mining ban in China, and you’d think this would line up to be the perfect “black swan,” right?