Game Players

Benefits of Web3 for players are:

• Digital property rights: in traditional games, players purchase digital items (e.g. skins in Fortnite) that they are really just “renting” from the game company. When game assets become NFTs, there is a new level of assurance for the player and their achievements. If the game stops operating, other parties can theoretically step in to honor the utility for those assets otherwise they may still have enduring collectible value.
• Secondary market liquidity: true digital ownership changes consumer psychology, creating residual value for digital purchases within a global, verifiable liquidity layer. Users are able to retain value from their investments should they wish to leave an ecosystem.
• Provenance: virtual goods now have rich, verifiable histories. Imagine being able to own the exact, signed gun skin your favorite esports players used to win the world championship.
• Community governance: gamers can now participate in the direction of the games they love via DAOs and councils (see: Illuvinati Council by Illuvium).
• Value accrual: the value created across the game (or games) can transparently accrue to an ecosystem token as more players spend time and money in these worlds.
• On-chain reputation: a new player-centric design space is unlocked as gamers can now build strong cross-ecosystem player profiles. We’ll explore some uses of this in the later PlayFi section.
• Web3 payment infrastructure: through the usage of crypto payment rails, seamless payments are possible across a number of use cases such as smart contract prize pools and tournament payouts—something that is particularly burdensome in traditional esports.