Traditional games monetize by perpetuating a flow of value where players invest their time and money, only to increase the profits retained by game developers. Conversely, NFTs enable players to capture the value they create within the ecosystem.
Traditional finance has grown to become a multi-trillion dollar industry, predominately by acting as an inefficient intermediary by today's standards. The advent of blockchain technology presents an alternative to traditional finance that can create a more equitable financial ecosystem.
Venture capital firms invested $33 billion in crypto and blockchain startups in 2021 and are on pace to nearly double that in 2022. Here's why VCs are so enamored by Web3.