Infinite Metaverse Land & UGC | Nifty Island, Charles Smith | Web3 Wednesdays Ep. 5

Web3 Wednesdays

The status quo in the "metaverse" industry & web3 gaming at large is to artificially limit land, and then sell land parcels at extreme prices. Is there an alternative? Does infinite land work?
Join guest Charles Smith, Co-Founder of Nifty Island, alongside host Sam Peurifoy, CEO of Playground Labs, a web3/blockchain dev company. Nifty Island is one of the first games to experiment in web3 with unlimited land for players, and instead relies on putting the focus squarely back on the users to add value to the content itself.
Charles' Twitter: https://twitter.com/charl3svii
Nifty Island's Twitter: https://twitter.com/Nifty_Island
Sam's Twitter: https://twitter.com/SamPeurifoy
Kapital DAO's Twitter: https://twitter.com/KapitalDAO
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Read the companion piece to this episode here: https://medium.com/@sampeurifoy/infinite-metaverse-land-a-new-paradigm-31b3fce552f7
Listen on Buzzsprout: https://www.buzzsprout.com/2006743/10985672
Watch on YouTube: https://youtu.be/0ZPf9d1a6jA
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0:00 - Intro
0:51 - Status Quo of Limited Virtual Land is Broken
5:35 - But, Some Limited Land Makes Sense
9:15 - Land for Network Effects & Core KPIs
12:23 - Investors Are Not Aligned With Players
13:20 - Can Digitally Scarce Land Games Adjust?
16:15 - Free to Play Complements Web3
17:35 - Digital Land Value Taxes
21:10 - User-Generated Content as a Model
23:45 - Costs Go Down, User Revenue Up
26:15 - Gaming as Web3's Killer Use Case
28:40 - Advice for Web3 Builders
30:45 - Outro
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Sam is the CEO of Playground Labs, a web3 protocol dev organization, and Partner & Head of Interactive at Hivemind Capital, a crypto-focused multi-strategy fund. Follow him on Twitter @SamPeurifoy. Web3 Wednesdays are sponsored by the Kapital DAO, the leading provider of institutional web3 gaming asset management tools.
The views expressed here are those of the individuals quoted and are not the views of the authors' employers or affiliates. Certain information contained in here may have been obtained from third-party sources, including from portfolio companies of funds managed by the authors' employers or affiliates. While taken from sources believed to be reliable, the authors have not independently verified such information and make no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; the authors have not reviewed such advertisements and does not endorse any advertising content contained therein.
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by the authors or their affiliates.
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#nfts #blockchain #crypto #web3 #smartcontract #gaming #nftgaming #playtoearn #venturecapital #gamedevelopment
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Music from Free To Use Music
Track: 'Neon Metaphor' by 〈 e s c p 〉
https://youtu.be/OG3zqpIT6gk
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