Kevin Chou, Executive Chairman at Forte, explains how blockchain integration will expand economic roles for players in the gaming industry.
Prediction Held up
Chou: Rally will operate as a network, not an IPO-bound company
“I'm not trying to be a company. We're trying to really create a network where other businesses can build a business and not worry about rally being a traditional company that's trying to you know, earn revenues and do an IPO at some point and eventually potent…”
Prediction Not checkable as stated
Chou: Blockchain in gaming will unlock digital asset ownership and residual value
“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.”
Prediction Not checkable as stated
Chou: In-game blockchain smart contracts let developers monetize secondary markets
“But blockchain technology, if it was applied inside of a game, Would unlock, would solve all of these problems. Players would get a safe way to transact and buy and sell the things that they want. Service providers would have a built-in customer base, and then…”
Prediction Not checkable as stated
Chou: Metaverse fashion will spawn digital equivalents of Supreme
“I think there's going to be a whole incredibly rich category now that you can create true and authenticated scarcity, you know, of fashion. I think the kind of Supremes and other, you know, equivalents will start to emerge in the metaverse.”
Assertion Partly 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.”
Prediction Not 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.”