Rethinking Crypto: Future Of Art & Gaming In Web3 Philippines | Web3 Revolution | Full Episode

In the wake of the crypto collapse, the former capital of Play-to-Earn games is trying to uncover sustainable ways to participate in the future digital economy. Anna meets artists and game developers finding new income opportunities and travels to the birthplace of gaming guilds to understand how they are rethinking work in a Web3 world.

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About the show: Touted as the future internet, Web3 is a controversial industry rife with fraud and scandal. Yet behind the headlines, countries in Asia are building towards a Web3 future, each in their unique way.
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#CNA #Web3Revolution #CryptoArt #Web3 #Technology #Philippines

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[DottMySaviour]

Actually, making money by selling in-game stuff is not new. Players have been doing that in third-party marketplaces which is almost always against the games' Terms of Service. What's new is Web3 game developers allow players to trade in-game stuff for real money. Granted, blockchain is not needed for this (debatable), but Web2 games are still against players trading in-game stuff for real money.

The truth is, allowing in-game items to be traded in the free market is better for video game consumers. Rather than let game devs set the price of in-game items, why not let players compete to set the price themselves in the free market? Competition is good for the real-world economy, it is the same for game economies.

[kk]

Is funny that how putting the crypto into art immediately hype the art world. Common sense tells you that this is just a demand hype which has no intrinsic value at all. If artiste are meant to stave they are meant to stave, you can't add crypto as a medium and all of the sudden their work is 10 to 100x more value worth.

[peterxd]

I don't trust games for money too much