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Large-scale games like GTA have firmly established themselves as a gaming phenomenon and a cultural and economic powerhouse within the entertainment industry.This op-ed is part of CoinDesk'sGameFi Week 2024.
Jack O’Holleran is the Co-Founder and CEO of SKALE, a gas-less EVM-compatible blockchain designed for Ethereum scaling.Take Bethesda Game Studios, for instance.
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From AAA console games with huge budgets to massive mobile phone virality, there’s parallel growth in the Esports industry and the accompanying revolution in content consumption led by streamers across YouTube and Twitch.
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Gaming's entertainment versatility swallows all mediums.Implementing Web3 technology into the stack would transform the AAA economic model, opening up the marketplaces to a global audience of gamers and enthusiasts who watch more than play and want to participate in the economy.
Game companies will not only be able to monetize in their walled garden, but also every global NFT marketplace.
In addition to opening up to a wider marketplace, the scope of purchases would skyrocket.
Land, assets, cars, skins, gear, and more would be open to buyers, fans, and enthusiasts across the globe.This all sounds great, but until now, it has not been impactful due to technical complexity, UX friction, and scaling issues.
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