Web3 Gaming’s Biggest Problem Just Got Solved
TL;DR
Full Story
“It’s exhausting to get folks to pay for one thing they’re used to getting totally free”
— MKBHD, 2023 AD.
This has been considered one of web3 gaming’s greatest sticking factors.
Certain, we’re used to paying for video games — however not each time we acquire an in-game NFT-based merchandise, and positively not on a sliding scale of price…
Trigger (ICYMI), within the final bull run (when NFTs first reared their head), many of the buying and selling exercise was going down on the Ethereum community. Which, on the time, was seeing transaction charges starting from $10, to $7k — to as excessive as $44k.
(Seriously).
However with the arrival of low cost Ethereum layer 2 chains and now sensible wallets — the associated fee is so low that gaming corporations will in a position to subsidize any transaction prices.
Which suggests gamers will now be capable to:
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Acquire objects totally free
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Promote them within the in-game market (making the most of a sport they love)
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Whereas sport makers can take royalty cuts from {the marketplace}’s gross sales (producing a brand new type of recurring income)
The takeaway:
Nobody is as bullish on sensible wallets as they need to be.
