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Bankless

85 - The Crypto Gaming Revolution | Arianna Simpson

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 27 September 2021

⏱️ 84 minutes

🧾️ Download transcript

Summary

Arianna Simpson of a16z comes on the Bankless Podcast to explore the insane momentum we've seen around crypto gaming. The product-market fit between the gaming and crypto worlds is palpable. The scaling and maturation of the crypto economy make for a ripe inflection point for an explosion of cultural applications.

What does Play-To-Earn mean for the investor? Is ETH money for the metaverse? Arianna's takes offer a huge amount of insight as we dive into the future of both work and play.

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Topics Covered:

0:00 Intro
5:00 Arianna Simpson
7:05 Crypto Gaming: Why Now?
10:06 How Big is This?
17:15 Building Infrastructure
20:29 Player Ownership
28:13 Eating the World
31:55 Progression to Play-To-Earn
37:30 Capturing Value
41:27 Isn’t it a Ponzi Game?
48:30 Working in Crypto Gaming
58:08 Consolidation of Resources
1:05:03 Impact on Culture & Industry
1:15:36 The Metaverse
1:20:17 ETH is Metaverse Money
1:27:10 Closing & Disclaimers

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Resources:

Arianna on Twitter:
https://twitter.com/AriannaSimpson?s=20 
Masters of Doom:
https://www.amazon.com/Masters-Doom-Created-Transformed-Culture/dp/0812972155 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Bankless, where we explore the frontier of internet money and internet finance.

0:12.7

This is how to get started, how to get better, and how to front-run the opportunity.

0:16.9

This is Ryan Sean Adams.

0:17.9

I'm here with David Hoffman, and we're here to help you become more bankless.

0:23.0

David, awesome conversation today, what were some of your highlights, and how do we talk

0:27.9

to you?

0:29.0

Arianna Simpson of A16Z Crypto, who has had a particular focus emphasis lately on the crypto

0:35.7

gaming side of things, which is what we talked about today, and I think crypto gaming has an

0:41.9

extreme amount of product market fit with, I think, the current crypto community, for some reason,

0:46.6

Diablo 2 is like a shared cultural pastime of almost all of us in the crypto world, and I think

0:52.2

we're all very, very stoked to see what comes out of a crypto gaming world, because I think we all

0:57.6

believe that the games that come out of an asset-powered game is going to be fundamentally different,

1:03.2

and I think much more rich and much more fun to play when there's economic assets that are part

1:08.6

of the game itself. And so that is the topic of today's show.

1:11.9

Absolutely, crypto gaming is going to be massive. If you think about this just in regular gaming,

1:16.7

60% of all Americans play some form of a game. Video game streaming reaches 1.2 billion

1:23.6

viewers every year. Fortnite generates 5.1 billion in revenue. The whole industry is expected

1:30.3

to surpass 300 billion, but you know what just happened this year is Axi Infinity jumped

1:36.3

on the radar. Now it has like 1.5 million players. It's reached a fully deluded market cap of

1:42.7

18 billion dollars, right? So like crypto gaming is here. I think some of these early games have

1:47.4

sort of proved this, and what we really wanted to go through with Arianna is like, why? Like, why is

1:52.4

this suddenly happening now in crypto? And how does an investor see this? What's the lens?

...

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