Bankless Crypto Gaming Panel | Loot Squad, Yield Guild, Illuvium
Oct 14, 2021
Bryce Johnson from Loot Squad, a social gaming community, Gabby Dizon of Yield Guild Games, a play-to-earn gaming guild, and Kieran Warwick from Illuvium, a blockchain game aiming for AAA quality, dive into the potential of crypto gaming. They discuss the transformative 'Play-to-Earn' model, the importance of community in gaming, and how decentralized finance is reshaping the landscape. The conversation touches on the future of gaming, emphasizing that while financial elements are crucial, the thrill of gaming must remain at the forefront.
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Play-to-Earn as a Superior Term
- "Play-to-earn" is a better term than "GameFi" because it reflects the shift in gaming towards financialization.
- It suggests players earn by playing, unlike traditional games where they primarily spend.
Key Differences in Crypto Gaming
- Crypto gaming differs from traditional gaming with Play-to-Earn and true asset ownership.
- Players earn while playing, and they own their in-game assets, unlike traditional games.
CS:GO Skins and the Need for NFTs
- Bryson from Loot Squad shares experience from the CS:GO community where they sold skins but lacked true ownership.
- Steam's decision to eliminate CS:GO gambling and skin selling highlighted the need for NFTs.