Open Economy Games are a phenomenon made possible by two unique and powerful properties of the blockchain: composability (freedom to build) and ownership (incentive to build).
Important news at the end 👀👀👀
Important news at the end 👀👀👀
In the same way that these 2forces drive innovation in IRL mkt economies, they also empower people to create infinitely richer experiences in virtual worlds. Game designers spend their entire careers tryin to facilitate this kind of complexity. Open economies offer this in spades
In the Econ 101 world of widgets & firms, we refer to this flywheel of creativity & consumption as economic growth, measuring producers’ ability to do more with less.
In early modern history, the printing press was a key innovation that got this flywheel spinning: Books were painstaking to make,expensive to procure,&mostly printed in Latin. Movable type democratized the circulation of info,stories,&ideas, bringing on the scientific revolution
Right now we are in the relative dark ages of our metaverse exploration. We are mapping the world and claiming barren NFT land plots, learning about the properties of virtual space, going on metaphorical whaling expeditions paid for by decentralized groups of backers
It is exciting and risky and, in my opinion, very fun. The good news is that no one is dying of dysentery :)
But there are also challenges.
But there are also challenges.
The barrier to entry in the current generation of Open Economy Games — from breeding top Axies to owning virtual property — remains significant, and the returns to capital are asymmetric. There are high-dollar amounts at stake and steep learning curves to scale.
My partner @tocelot wrote a timely thread about the cultural backlash these challenges have incited.
https://twitter.com/Tocelot/status/1485994299686854659
In the unfolding history of Open Economy Games, there are hundreds of printing press moments that have yet to be earned and dozens of scientific revolutions that have yet to play out.
Today, I’m really excited to share that, alongside our friends at @Delphi_Digital, we’ve invested in what I believe will be one of those flywheel kickstarters: @BreederDAO
They’re a DAO democratizing access to Open Economy Games by programmatically breeding and crafting the most important in-game assets from the deepest pools of inputs at scale.
The status quo is a lack of asset liquidity in Open Economy Games like @axieinfinity that suppresses supply, making even floor Axies expensive and inaccessible.
As @BreederDAO infuses guilds like @YieldGuild with deep asset liquidity at low cost, it will become possible for hundreds of thousands of new players, builders, modders, and explorers to join & revolutionize the Axie ecosystem.
As Open Economy Games evolve to incorporate increasingly complex game loops, crafting mechanisms, roles, & UGC, the industrial revolution-style “machinery” that @BreederDAO brings to the table will supercharge the exchange of ideas, creations, & stories across every virtual world
We’re so excited to be partnering with @Renz_BDAO, @nixnolledo, @HabitNFT, and @CTJeth as they lead us into the early modern era of the metaverse.
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