The future of gaming is a multi-trillion dollar in depth online ecosystem.
Why AI gaming will grow exponentially
3 primary components that will spark AI gaming
AI allows for rich, realistic relationships between the gamer and the characters in each game’s world
Cryptocurrency allows games to have a form of payment that can translate back and forth to real world economies
AI allows for games to be built for a fraction of the cost in both dollars and human resources
You can’t have an economy without money
Ownership and currency are the backbone of almost every economy. Without them there is little long value that can be achieved.
This is most easily seen by the strong relationship between the strength of a country’s currency and the ability of private citizens to own land and trade goods they own.
Take rates
The current take rate in many video games is 100%.
This means:
You buy an in-game item the game creator takes 100% of the money and it is difficult or impossible to re-sell. When you purchase an item it is usually a sunk cost for entertainment.
The future
A smaller take rate where the person buying an item has ownership of the item and they are able to resell, trade or keep the item. My guess is the future take rate will be a 10% royalty on secondary sales.
By allowing items to be resold this also increases the potential value of in-game items.
Example: A person is willing to pay more for a magic sword if they can potentially resell that sword for 80-120% of their purchase price than if their purchase was purely a sunk cost.
This allows both a deeper financial and psychological connection with the game.
In a simple sense think of how much time, effort and money people put into the homes they own vs apartments they rent.
Cryptocurrency allows online marketplaces to have their own currencies
Each game will have the ability to create their own currency with Etherium ERC standards.
This is a fairly simple process of creating a cryptocurrency under ETH that allows an in-game economy to operate with its own form of “currency”.
AI, friendships and story development
In the future your best friend may be a form of AI in a video game. As AI becomes better and better at navigating human relationships video games will have more dynamic human interactions.
When this is done well people will form “real” friendships and even romantic relationships with AI in games.
This can be coupled with the deep human to human relationships we already see in many multiplayer games.
The plot thickens
We are already seeing the plots of games like Cyberpunk 2077, The Last of Us and Elden Ring be at the level of a high quality movie or TV show. When AI is able to provide deeper levels of interaction it will also unlock new levels of reality of plots, some that may be written entirely based on your choices, relationships and actions in game.
Conclusion
Gaming + AI + Cryptocurrency = Unlocking a new level of gaming.
In the next 5 years we will see this begin to come to fruition. This is where “The Metaverse” starts to take hold and new businesses can operate entirely from within the gaming ecosystem.
Building relationships and economies together will give games real power.
I’m excited to watch as this materializes.
By Josh Bobrowsky
Games of the future: the fusion of artificial intelligence and cryptocurrencies promises unique gameplay and economic opportunities servreality.com
That was a great read Josh and thanks for sharing!