Kevin Chou, Executive Chairman of Forte, explains at an a16z event how blockchain enables players to buy, sell, and trade virtual game items like physical assets.
“So blockchain technology, when applied to gaming in the right way, will unlock real ownership for digital assets and create residual value for virtual items, as well as in certain cases, turn digital purchases into investments.”
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More from Kevin Chou
PredictionHeld up
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PredictionNot checkable as stated
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PredictionNot checkable as stated
Chou: Metaverse fashion will spawn digital equivalents of Supreme
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PredictionNot checkable as stated
Kevin Chou: Blockchain will enable gamers to become creators and entrepreneurs
“Blockchain technology will unlock the opportunities for them to become creators, entrepreneurs, and service providers.”
Kevin ChouMar 9, 2020▶ 14:58Gamers are Entering a New Era of Monetization
AssertionPartly supported
Chou: Only 10,000 of Twitch's 3M streamers earn full-time income
“On Twitch, the largest streaming platform, there's over three million active streamers a month. Out of that, there's only 10,000 that are in Twitch's partner program making a full-time income.”
Kevin ChouMar 9, 2020▶ 8:28Gamers are Entering a New Era of Monetization
PredictionNot checkable as stated
Chou: Blockchain will drive an economic revolution in gaming
“Now, blockchain technology, I believe, will open up the next major chapter in gaming, and it's not going to be a computing revolution. It will be an economic revolution.”
Kevin ChouMar 9, 2020▶ 9:03Gamers are Entering a New Era of Monetization
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