DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
I hate to ask, but is GameFi dead-on-arrival?
But what is a GameFi?
“GameFi is a portmanteau of decentralized gaming and finance, and GameFi platforms represent a confluence of cryptocurrencies, non-fungible tokens (NFTs) and the play-to-earn (P2E) gaming model.
The convergence of gaming and DeFi manifests in two ways: Decentralized games having elements of DeFi.”
Some examples include Stepn, The Sandbox, Axie Infinity and Aavegotchi.
But the basic principles are the same.
You “farm” or put in time to earn coins or the equivalent, to level up your character or avatar and eventually increases its value and try sell it in the market.
Of course different games have their own in-game dynamics, tokenomics and systems.
Some are complicated and some are pretty straight forward.
Axie infinity has exploded into the scene with its popularity and because it allowed users to make so much money at the beginning.
In the early days, you mint a character and spend time leveling up by fighting battles and harvesting Smooth Love Potion (SLP).
They call it “grinding”.
Because you literally spend hours and hours just to battle other monsters, gain experience, level up to harvest more SLP faster.
People were selling SLPs to make instant cash.
Higher levels also means you could sell the avatars for more coins in the open market, where other players who wants to join, may just purchase it from you.
You see any problem here?
Increasingly, more and more users joining the game aren’t joining for the game, but for the cash.
For the prospect of making a quick buck.
It warps the whole point of a game.
Yes, GameFi is an interesting sector that is rising and has so much potential.
B
ut we have to be careful not to destroy the very soul of gaming.
Besides possibly making a quick buck, there is nothing amazing in GameFi space yet.
Where are the Starcraft, Warcraft, Diablo, Gunbound, Command & Conquer that enthralled entire generations?
What needs to happen?
Games need to be intrinsically fun and entertaining.
There needs to be a cult following.
Mythology breeds intrigue.
Game builders need to seriously consider the narrative and storyline, before shoving tokenomics down users’ throat.
World-building is not something to be taken lightly.
Web3 games should learn that from web2.
For those who are thinking: perhaps a decentralised committee of thousands of fans can come together to design and build a game, and that might work.
I say, it might.
But it may take too long and be too tedious.
Decision by committee is dangerously slow and can kill any idea before it even begins.
I am optimistic about GameFi and believe someone out there will find a way to fuse the amazing world-building narratives of web2 games with the powerful tech of web3.
-
Is GameFi dead-on-arrival?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #coin #btc #games #crypto #bearmarket #cryptocurrency #gamefi #axieinfinity #gamers
I hate to ask, but is GameFi dead-on-arrival?
But what is a GameFi?
“GameFi is a portmanteau of decentralized gaming and finance, and GameFi platforms represent a confluence of cryptocurrencies, non-fungible tokens (NFTs) and the play-to-earn (P2E) gaming model.
The convergence of gaming and DeFi manifests in two ways: Decentralized games having elements of DeFi.”
Some examples include Stepn, The Sandbox, Axie Infinity and Aavegotchi.
But the basic principles are the same.
You “farm” or put in time to earn coins or the equivalent, to level up your character or avatar and eventually increases its value and try sell it in the market.
Of course different games have their own in-game dynamics, tokenomics and systems.
Some are complicated and some are pretty straight forward.
Axie infinity has exploded into the scene with its popularity and because it allowed users to make so much money at the beginning.
In the early days, you mint a character and spend time leveling up by fighting battles and harvesting Smooth Love Potion (SLP).
They call it “grinding”.
Because you literally spend hours and hours just to battle other monsters, gain experience, level up to harvest more SLP faster.
People were selling SLPs to make instant cash.
Higher levels also means you could sell the avatars for more coins in the open market, where other players who wants to join, may just purchase it from you.
You see any problem here?
Increasingly, more and more users joining the game aren’t joining for the game, but for the cash.
For the prospect of making a quick buck.
It warps the whole point of a game.
Yes, GameFi is an interesting sector that is rising and has so much potential.
B
ut we have to be careful not to destroy the very soul of gaming.
Besides possibly making a quick buck, there is nothing amazing in GameFi space yet.
Where are the Starcraft, Warcraft, Diablo, Gunbound, Command & Conquer that enthralled entire generations?
What needs to happen?
Games need to be intrinsically fun and entertaining.
There needs to be a cult following.
Mythology breeds intrigue.
Game builders need to seriously consider the narrative and storyline, before shoving tokenomics down users’ throat.
World-building is not something to be taken lightly.
Web3 games should learn that from web2.
For those who are thinking: perhaps a decentralised committee of thousands of fans can come together to design and build a game, and that might work.
I say, it might.
But it may take too long and be too tedious.
Decision by committee is dangerously slow and can kill any idea before it even begins.
I am optimistic about GameFi and believe someone out there will find a way to fuse the amazing world-building narratives of web2 games with the powerful tech of web3.
-
Is GameFi dead-on-arrival?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #coin #btc #games #crypto #bearmarket #cryptocurrency #gamefi #axieinfinity #gamers
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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