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1) How will NFTs impact gaming?
There are 2.7 BILLION gamers worldwide
This year they will spend ~$160 BILLION dollars
If gaming were a country its GDP would rank 55th, comparable to the wealthy country of Qatar
Those are some huge numbers
There are 2.7 BILLION gamers worldwide
This year they will spend ~$160 BILLION dollars
If gaming were a country its GDP would rank 55th, comparable to the wealthy country of Qatar
Those are some huge numbers
2) Today, all these gamers are spending money and it's a sunk cost
They do not receive anything back from all that money they are spending
NFTs change all of that
NFTs will allow people to earn money directly from playing video games
They do not receive anything back from all that money they are spending
NFTs change all of that
NFTs will allow people to earn money directly from playing video games
3) “But people already earn money from gaming!”
While this is true it is not from directly playing a game. It is often through 3rd parties - streaming on Twitch or creating videos on YouTube
While this is true it is not from directly playing a game. It is often through 3rd parties - streaming on Twitch or creating videos on YouTube
4) Now gamers can earn NFTs directly from gameplay
They can buy, sell and trade the items that they acquire or purchase
They can buy, sell and trade the items that they acquire or purchase
5) Now imagine if these 2.7 billion gamers were connected to a global, 24/7 uncensorable financial system
Someone in China could instantly trade with someone in France who could easily trade with someone in Brazil.
Someone in China could instantly trade with someone in France who could easily trade with someone in Brazil.
6) Those 2.7 billion gamers become connected and essentially form the world's most populous country, all within these video games
7) Not only will this unlocks billions of dollars, create entirely new economies but it will also allow for millions of people to have better access to economic opportunities -
case and point - https://www.coindesk.com/nft-game-filipinos-covid
case and point - https://www.coindesk.com/nft-game-filipinos-covid
8) NFTs aren't a question of “if” they are a question of “when”
The upside is too great and eventually, every video game will utilize NFTs
If you enjoyed this thread, check out my newsletter where I write all about NFTs and the metaverse https://andrewsteinwold.substack.com/
The upside is too great and eventually, every video game will utilize NFTs
If you enjoyed this thread, check out my newsletter where I write all about NFTs and the metaverse https://andrewsteinwold.substack.com/
