Games in the Metaverse will live on for decades thanks to user-created economies, says animocabrands' ysiu. Just look at the success of Second Life and Minecraft for proof. (Via CointelegraphZN)
All these novel characteristics are already available on-chain. And the freedom to do so is powerful, as now buying an NFT confers all of these additional rights on top of it. So, I think what Bored Apes has done is nothing short of revolutionary in terms of how we think about IP rights. And, of course, many other companies are now taking a similar approach.
What you are seeing in both those cases are network effects that can accrue thanks to a degree of control over players’ digital goods.I think that is more a problem for Minecraft than it is for NFTs. When you look at markets in Asia, especially South Korea and Japan, the most prominent Web2 game companies are already planning, have announced or are implementing Web3 strategies. This is the shape of the future, and it’s not a distant one — it’s near-term.
What do you think is the time frame for the open Metaverse? What are the big events that we’re likely to see in, say, two to five years’ time, or 10 years’ time?
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