Like the gig economy, crypto gaming is sold with promise of convenience and riches. In practice it’s deeply exploitative

Sat, 18 Jun 2022 06:35:17 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/like-the-gig-economy-crypto-gaming-is-sold-with-promise-of-convenience-and-riches-in-practice-its-deeply-exploitative-181714>

"Video games are increasingly incorporating blockchains, the decentralised
databases that underpin cryptocurrencies, as well as NFTs and other “digital
assets”. New games are emerging expressly to support blockchain technology,
while traditional games are being updated to incorporate blockchains.

As of October 2021, “crypto gaming” accounted for more than half of the
blockchain activity over that quarter. At the same time, a treasury inquiry has
led to consumer groups calling for regulation in the crypto market.

Crypto evangelists say blockchains are the future of gaming, and crypto gaming
is ushering in “Web3” – the so-called next iteration of the internet built on
blockchain technology. How true are these promises?"

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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