To the Metaverse: The Evolution of the Game
By Marc Seal, CEO and co-founder of Cryptogenic
Games and game development are moving at breakneck speed. Just 15 years ago, we were still playing on bulky PS2s and clunky Wiis, Minecraft hadn’t even launched, World of Warcraft was just beginning to gain traction, and the idea of virtual and augmented reality of the mass market wasn’t even a thing yet, let alone the notion of an interconnected metaverse. Bitcoin and cryptocurrencies did not exist and mobile gaming was in its infancy.
Fast forward to today and we live in a hyper-connected world where the Web of information, often referred to as “Web2”, is rapidly being overtaken by Web3, a decentralized Web of value where gamers are in a privileged position to have a much larger agency. about their gambling experience as well as the role gambling plays in their lives. The phrase “this time it’s really different” might actually hold true now for Web 3.
Transformative technological improvements and faster connection speeds enabling the lowest possible “ping” mean that players now have the potential to go beyond the simple single-player experience. This leap in technology has led to the growth of hugely popular massively multiplayer online (MMO) games, the rise of esports and, increasingly, the ability to earn a living by turning in-game rewards into real money. through a multitude of platforms.
Gaming has evolved from giving people a way to escape the “everyday grind”, to letting dedicated gamers transition from passive entertainment to a viable career option that can often eclipse the financial opportunities of other more traditional professions.
With the rise of Web3, all it takes to become a play-to-earn player is a cryptocurrency wallet, an internet connection, and some basic research skills. Players around the world can now enjoy while playing, thanks to the decentralized in-game economies that make it possible.
This way of monetizing game time has exploded in popularity, especially in developing countries, where gamers can now earn a living wage or even buy houses by selling in-game rewards earned with titles like Axie Infinity. In the Philippines, where a person’s take-home pay is a fraction of that earned in Western countries, people can now earn their annual salary within weeks. As the Venezuelan economy struggles, people can use the game’s rewards to put food on the table in an inflation-ridden environment.
This cultural shift in gaming is evolving again, morphing into a metaverse: an interconnected, virtual world where players can celebrate their individuality with truly unique non-fungible tokens (NFTs). Players enjoy the privacy of their character in the metaverse, can prove ownership of assets that have value, and trade those assets in secondary markets to earn money along the way. In practice, this means that the game can now be both an escape from the daily grind and the daily routine itself.
The global metaverse is your oyster. Players have access to a galaxy of games, consoles and devices to play on. Now, CryptoGene goes one step further by allowing gamers to use cutting-edge gene-editing technology and AI to create a truly personalized gaming experience that financially rewards players for their participation, while bringing their virtual companions as “living NFTs”.
While NFTs already offer unprecedented technological innovation by enabling true digital scarcity and enhancing digital ownership, the advent of AI and DNA sequencing, as well as editing, are opening up possibilities whose very first players in the world could only dream of.
A new wave of pioneers and innovators in gaming are already tinkering with the very fabric of life, fusing AI, CRISPR gene editing and blockchain to bring NFTs to life, paving the way for the creation of a state of the art game genre that is truly ready for the metaverse.
You see, NFTs in the metaverse are currently quite static, and achieving an interactive metaverse that flourishes with life requires creating concepts that have never been realized before. Living NFTs, while they seem relatively utopian right now, will become the status quo and change the game as we know it.
There hasn’t been a more exciting time to be a player and the meaning of the word is set to change in the years to come. Perhaps not literally, but rather intrinsically – players will stop being consumers and become professionals, scientists and experimenters at the forefront of metaverse development.
Marc Seal is CEO of Sortium and founder of CryptoGene. He is a successful entrepreneur and seasoned technologist who focuses on applying blockchain and NFT technologies to the Digital Sports & Entertainment spaces. He has led innovative teams to create world-class products with partners including Disney, Marvel, Fox, Lucasfilm, Toho, MLB, and more. CryptoGene is Sortium’s flagship product and the next web3 play-to-earn gaming giant, currently scheduled to launch in early 2022, with a staking-enabled token offering shortly thereafter. His whitelist was populated in just 60 minutes. He has been featured in NFT.NYC, DCentral Miami and Metaverso Puerto Rico.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.