The ability to build a fun, engaging consumer experience, while also scaling infrastructure in a way that can support extraordinary growth, is extremely rare, and that’s what is so exceptional about the team at Sky Mavis. In practice, scalability challenges of the technology that impacted speed and costs, not to mention several difficult crypto cycles, made it nearly impossible to build a new kind of decentralized game that more people could participate in. In theory, applying the values and ethos of the web3 space-reclaiming power and wealth from some of the platforms that have been historically extractive and distributing back to the people participating in these ecosystems-made a lot of sense for gaming. This is rapidly changing the web as we know it, and nowhere is this more obvious and exciting than in gaming.Ĭrypto gaming has been for years considered a niche experience designed for a very small group of early adopters. This means that a new generation of internet services and products can be built so that the value of what is being created can be shared by the builders, creators, and users of the services directly with each other, rather than going to the platform middleman.
In web3, ownership and control is decentralized thanks to new innovations like non-fungible tokens (NFTs). In the transition from web2 to web3, a similar trend is taking shape, but this time the opportunity for entrepreneurs is the exorbitant take rates imposed by the platforms that dominate web2. Jeff Bezos famously said “your margin is my opportunity,” referring to the way Amazon grew market share by lowering prices and eating into competitor margins.