Web3 gaming is breaking new ground by offering players the chance to earn real income through virtual economies.
Roundtable anchor, Rob Nelson, caught up with Michael Wagner, CEO of Star Atlas, to discuss how blockchain technology is reshaping the gaming landscape, allowing players to not only immerse themselves in entertainment but also potentially generate wealth through in-game activities.
Rob Nelson compared this vision to popular metaverse concepts, saying, “People would have their real lives and then they would jump into the metaverse and get paid to do things.” He suggested that this model could create new job opportunities for players, even in lower-income regions.
Michael Wagner highlighted the advantages of Web3 gaming, stating, “We’re creating a value proposition that is substantially stronger than any traditional game.” Wagner stressed that Star Atlas blends economic incentives with immersive experiences, offering something unique for both gamers and those seeking financial rewards.
Nelson emphasized the benefits for both players and developers in blockchain-based games, noting, “The difference here is your model, which is a lot of blockchain models…allow for a win-win.” He explained how players’ wealth creation within the game also helps the growth of the game studio.
Wagner explained their innovative revenue model, adding, “We’ve created the marketplace where you can trade these items and we’ll take a fractional royalty fee off of all these transactions.” This model replaces traditional one-time sales, ensuring the company benefits as players continue to engage in the game’s economy.
