With Axie Infinity, there is a sudden rise of play-to-earn games. At least the way I see is that the core idea is that financial benefits of in-game purchases accrue to the network instead of just the game studio. But most casual games have a very short shelf life of a few years.
Recently, I came across Nillion’s whitepaper. Nillion at its core is trying to be a new decentralized encrypted data-processing layer. Here’s how it works.
Money serves three purpose - unit of accounting, a medium of exchange, and a store of value. Cryptocurrencies have been compared to Programmable Money. Anything programmable requires an experimentation platform for iterations and improvement. Bitcoin seems to have won the “store of value” battle. Ethereum has the developer mindshare and is the preferred experimentation platform. Multiple cryptocurrencies are still fighting the battle to be the medium of exchange. The amusing part is that every cryptocurrency startup envies Ethereum’s developer ecosystem and is trying to attract developers....