The Power of Web3

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I think Web3 becomes the new business development layer of virtual worlds, right? And I think that's the power. You can tell a lot without knowing the consumer. If I know this sword took 5,000 hours in a game to get and I was the original one that did it, that's going to tell me a lot about the consumer. It'll tell me what they what they like, you know, they like to grind games. They like to play this stuff. So so many different uses of where that goes, but it's really going to be the eye," he said.

The rise of Web3, blockchain, and non-fungible tokens (NFTs) has disrupted many industries, including video gaming. To help us unpack the role of Web3 in the video game industry is John Linden, CEO of Mythical Games, a game tech studio pioneering digital asset ownership, scarcity, and secondary markets. Their team creates products to drive consumer adoption of distributed ledger tech. John has a deep love for video games and a curiosity for exploring the potential of blockchain technologies. In our conversation, we talk about his approach to revolutionizing the future of gaming by integrating blockchain technology, rethinking game economics, and the intersection of traditional gaming and crypto. Learn how the industry has shifted in recent years, the opportunities of the Web3 space, the power of digital assets, converging technologies and concepts, and the tug-of-war between centralization and decentralization within the gaming industry. We discuss the Metaverse and interoperability, and hear about the exciting collaborations that Mythical Games is working on. Tune in and discover the future of gaming with John Linden!

“I think the next 10 years in gaming will be more transformative than the last 25 have been.” — @johnwastaken Key Points From This Episode:

Background about John and a brief history of Mythical Games.
How Mythical Games’ approach to game development differs from the traditional approach.
John shares his views on play-to-earn video games, and why the concept was not widely adopted.
The foundation of a good blockchain game and the role of digital assets.
Learn how Mythical Games is leveraging blockchain technology to disrupt the gaming industry.
Overview of the challenges game developers face in the Web3 space.
What makes Web3 video games different, and why blockchain is made for gaming.
Learn what is needed to build a successful open Metaverse for consumers.
Whether interoperability is a necessary component of the Metaverse.
He explains the road map for Mythical Games and how the concepts will not be limited to the video game industry.
Ways in which the Web3 space will be beneficial for streamers and influencers.
Hear about the exciting collaboration between the NFL and Mythical Games.