Bobos & Wojaks

Get rich or die tryin

Reddit Co-founder Believes That The Cryptocurrency Trend Will Be Mainstream For Gamers In Five Years

crypto-gaming-reddit

Reddit co-founder Alexis Ohanian believes that the play-to-earn cryptocurrency craze will be commonplace for gamers in five years.

“90% of people will not play a game unless they are adequately valued for that time,” Ohanian, who runs venture financing firm Seven Seven Six, stated in a recent edition of the podcast “Where It Happens.”

“In five years, you will actually value your time properly,” he said. “And instead of being harvested for advertisements, or being fleeced for dollars to buy stupid hammers you don’t actually own, you will be playing some on-chain equivalent game that will be just as fun, but you’ll actually earn value and you will be the harvester.”

In 2021, play-to-earn games will be a popular crypto-powered virtual realm all over the planet. Cryptocurrencies are used as in-game currency in gaming worlds such as Axie Infinity and The Sandbox.

Gaming is one of the most important use-cases in the metaverse, a futuristic virtual environment in which users may create, control, and sell their gaming experiences on the Ethereum blockchain using the platform’s in-game utility currency.

reddit-crypto

Interestingly, one-quarter of Axie gamers have never had access to a bank account, therefore their Axie wallets are the first financial services they’ve had.

In 2022, crypto industry experts predict an increase in the adoption of popular gaming franchises, as well as an increase in the number of gamers flocking to play-to-earn games around the world. According to CoinMarketCap, Decentraland’s MANA cryptocurrency presently has the greatest market value among play-to-earn tokens.

Other than predicting a rise in play-to-earn games, Ohanian has made two additional predictions.

In the next five years, he believes that the majority of individuals will join a DAO, or decentralised autonomous organisation. A DAO is a fancy word for a group of internet connections banding together for a shared goal, such as the ConstitutionDAO, which saw people band together to try to buy an actual copy of the United States Constitution.

“They won’t know it necessarily. I don’t think that branding is whack,” he said. “But they won’t care, user experience triumphs over everything. So yeah, I think it will be pretty commonplace. Maybe not everyone, but like for all intents and purposes, it’ll be a pretty normal thing.”

He also believes that individuals would value their online identities more than their real-world identities, stating that “they’ll care more about some pseudonym they made up than their government name.”