The value exchange is a tool for mass collaboration. It allows us to cooperate better with each other and specialize on our core competences further enhancing the progress velocity.
Historically, value in the game development been controlled by large game publishers. In some cases with little transparency, high inefficacy, low flexibility, inaccessibility, in some cases unfair or self-centered policy and economics.
Today distributed ledger technology (DLT) and cryptography creates a path for new solutions. Solutions enabling anyone to really own in-game digital assets and exchange them in the peer to peer environment. All independent form the centralized game publishing.
Being cryptography-protected, in-game digital assets allow us to store and transfer in-game value securely between games. Without the need of an intermediary we can finally can create value networks that operate reliably with little overhead or monitoring. Gamer communities can now be empowered to enjoy internal marketplaces where one can buy and sell in-game digital assets cross-game without relying on access to in-game marketplaces.
As technical barriers are reduced for creating and trading in-game crypto assets we will witness the creation of thousands, even millions of new digital assets. This long tail of value creation will produce the large variety of monetary diversity bringing greater collaboration of gamers and developers around the world.
Once technical barriers are reduced and liquidity problem is solved the emergence of blockchain based in-game digital assets may become the greatest long tail event in the history of gaming.
Author: Eugene Xata
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