November 23rd, 2021

Abstract. The purpose of this article is to highlight the critical role that decentralization and non-fungible tokens (NFTs) play in gaming’s transition to the metaverse. The structure seeks to breakdown the following: (Part 1) the significance of the creator economy in relation to gaming, (Part 2) the foundations of the metaverse, (Part 3) the current state of the gaming ecosystem, and (Part 4) the transition of gaming’s ecosystem into the metaverse through NFTs.

Image Credit: Дмитрий Ларичев/Getty Images
Image Credit: Дмитрий Ларичев/Getty Images

(1) The Significance of the Creator Economy in Relation to Gaming

In 2011, Facebook was desperately trying to enter mobile as its mobile apps ran slow and felt bloated. The company needed to improve its app and pivot to mobile, where the company projected future growth to be. As Facebook struggled with mobile, Zuckerberg decided to buy Instagram for $1B when it was pre-revenue with just 13 employees.