What Value Does Web3 Bring To Games? - FOGcast #43

Future of Gaming

Join Nico Vereecke & Phil Collins in an insightful podcast featuring Philip La, Director of Products at Roboto Games. With an impressive background spanning roles at Pokemon Go, Facebook, and Axie Infinity, La provides expert analysis on the intersection of blockchain and gaming. In his recent article, he presents a unique grading system that evaluates the incremental value that Web3 brings to games. The podcast covers essential topics such as marketplaces, trading, user acquisition, community building, and provable scarcity, offering valuable insights for game developers and enthusiasts alike.

La shares his belief that the importance of marketplaces and trading in the gaming landscape is overstated, and Web3's impact in this area is relatively weak. However, he acknowledges the potential value of other financial primitives, such as lending and fractionalization, for developers. The podcast delves into the advantages and disadvantages of Web3 tools for financializing assets and user acquisition, the culture of speculation in the Web3 gaming community, and the potential negative impact on game value.

As the conversation progresses, the hosts discuss the challenges of user acquisition in the Web3 space, the potential benefits and drawbacks of crowdfunding, and the use of NFTs in gaming. They also touch on the idea of interoperability and the challenges of using assets from one game in another. Despite uncertainties and risks, the hosts express optimism for the potential of Web3 gaming.

The concept of interoperability takes center stage, with discussions on how it can benefit players by allowing them to use their assets across different games. The podcast also addresses the challenges of implementing interoperability, such as incentive misalignment and ownership permanence of digital assets. The speakers believe that while the technology for interoperability exists, its full adoption may be delayed due to these challenges.

Exploring the concept of permanence in assets, the podcast discusses the potential for real money gameplay, where assets in a game can have real money value and be traded on exchanges or marketplaces. However, they also acknowledge the risks and issues associated with this, such as players focusing more on the monetary aspect and less on game progression. The consequences of giving players the ability to exit the game by selling their assets and the impact on game developers are also examined.

The potential for Web3 technology to enhance user-generated content (UGC) in games is another focal point of the podcast. The hosts explore the challenges of integrating Web3 technology into traditional games and the need for creativity in new games that fully utilize Web3 technology. They highlight UGC as a key area for potential impact, as blockchain can streamline reward systems for creators and curators. Furthermore, they discuss the potential for blockchain to function as a decentralized computer, allowing for more complex logic and programming in games.

Don't miss this enlightening podcast featuring Philip La with your usual hosts. They discuss the current impact of blockchain technology on gaming and predict its future potential, offering invaluable insights for game developers and enthusiasts. Join the conversation and stay up-to-date on the latest developments in the world of Web3 gaming. Enjoy!

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