We started investing in #NFT's in 2018 with the strong belief that gaming will drive blockchain mass adoption create a new digital economy some of our thinking in tweet style below $REVV $SAND #animoca @animocabrands @TheSandboxGame share/comment if you like this format for more

Quick reminder of the "traditional" gaming industry with 2.6 (some say 2.7) billion gamers in the world today that last year spent over over 150 billion dollars

that is more than film and music combined

of that approx. $60 billion (or more) has been spent on virtual goods in 2019 (swords, skins, land, cars etc.) infact @latelier estimates that this is already a $100 billion industry (check out their awesome site about the virtual economy) gamers already already virtual value

but what is actually happening in the virtual goods space is mass-scale renting with no true ownership of anything they have bought. Asset provenance and ownership requires validation by a "higher power" i.e. the game studios etc.

traditional game studios have a classic innovators dilemma. With massive profits in a rental model they fully control why sell and give up control? This leads to an inevitable form of value betrayal see https://medium.com/hashed-official/yatsiu-animocabrands-faec7c24bfdb @hashed_official @TheSandboxGame

video gaming is a digital-first industry and is an ideal match for a digital-first approach to governance i.e #blockchain unlike most industries gamers need blockchain to realize the full potential of their time and the value they deliver (trade, ownership, cross-application)

interoperability of assets #NFTs to us is how free trade and capitalism have transformed the world providing more economic prosperity to all. This is critical for the creation of an inclusive and open digital asset world like open source has done for code. #gamesarefuedaltoday

it is why @animocabrands partners and invests in projects that share a similar vision in building an open asset ecosystem @TheSandboxGame @F1DeltaTime @REVV_Token @AxieInfinity @binance @bitski @Lympo_io @opensea @harmonyprotocol @WAX_io @flow_blockchain @quidd @GameeApp ++

the space is still early, we are at the cusp of a digital revolution led by perhaps one of the strongest use-cases for #blockchain #nft #games #assets our thoughts on this here https://ysiu.medium.com/toward-the-new-future-economy-292a7c394c5

less than 3% of the over $60 billion spent on digital goods is rental, what would that conversion look like if it was true ownership? We think a lot more! #animoca #nft @REVV_Token @F1DeltaTime @TheSandboxGame @quidd @GameeApp lots more to share later, thank you for reading