Hi, Iām Azeem Azhar. I convene Exponential View to help us understand how our societies and political economy will change under the force of rapidly accelerating technologies. Every Wednesday I do this through data, in Charts of the Week.
š Thanks for being a member and supporting our work ā you make it possible.
š§ If you were forwarded this email, hi! Subscribe here to receive Charts every week.
Dept of blockchain gaming
Fifty-two percent of blockchain activity, as measured by unique active wallets, comes from decentralised games (dApps). This activity has gone up 2000% since last year. To understand how blockchain and crypto are changing the gaming industry, I spoke with Amy Wu, a prominent gaming investor currently running the $2 billion crypto fund, FTX Ventures. My conversation with Amy will be available here in several hours, subscribe to receive a reminder.
Social is the engine
āSocial is a trend thatās propelling gaming forward,ā Ā Amy told me in our conversation. āPeople are building meaningful connections. [...] Itās multiplayer, itās very social. And I think that Web3 can actually accelerate that growth because itās bringing in a different pool of people who are really interestedā. The GameFi monetisation models occupy a spectrum between utility value and social value, and interestingly NFT play-to-earn games such as Axie Infinity, valued at $3 billion, fall far below the entertainment threshold.
More on Web3 gaming, DAOs and governance, and investorsā approach to finding the best teams in crypto ā in todayās podcast episode.
