GameFi: Crypto Cities in the Metaverse
The fusion of DeFi and video games has spawned a new era of virtual worlds that reward players financially, by replacing the abstract thrill of gameplay with an intrinsic reward based on their time and effort.
What are alternative investments?
The fusion of DeFi and video games has spawned a new era of virtual worlds that reward players financially, by replacing the abstract thrill of gameplay with an intrinsic reward based on their time and effort.
Loot can be described as a bottom-up Metaverse. Driven by design mechanisms without fear of judgment and an "applications come later" attitude, shaped by a very progressive community that is constantly reinventing itself.
Token-based systems have been introduced in New York and Miami, while WY DAOs and LCA cooperatives are opening up entirely new types of entities.
The merging of NFT and DAOs with the power of social (virtual) influencers may be NOTHING new in and of itself, but bringing it all together could open up new possibilities for how we lead, shape and scale new forms of businesses and organizations. And in ways we can't even imagine today.
A multi-billion market not yet insured by the insurance industry? If insurers cannot keep up with NFTs, there is a risk that new companies will not only provide on-chain protection, but adapt their models to cover any type of risk, e.g. in the form of tokenized physical assets.