The DAOificaiton of Games: How and Why
26 Maio 2022 - 1:26PM
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The crypto world is constantly evolving and introducing new
concepts across the industry, with the DAOfication of games being
the new talk of the town. The concept brings together the world of
DAOs as well as GameFi. Understanding both concepts separately is
the core to grasping the integration of these two worlds. The
Basics of DAOs You might have heard the concept of Decentralised
Autonomous Organisations (DAOs) floating around on the internet as
of late, but what is it all about? DAOs are the new age of
organisations, which decentralises its structures and processes –
steering away from traditional, hierarchical organisational
structures. The decentralisation of organisations means that there
is not one single governing party (such as a CEO), but rather
providing multiple stakeholders the opportunity to have a say in
major company decisions, ultimately providing a flat organisational
structure. DAOs are made possible with advanced blockchain
technology, where specific rules set up by the DAO are automated
through codes, also known as smart contracts. This means that as
long as the rules are followed by involved parties within the
group/organisation – the funds and processes will be available. The
premise of choosing DAOs over traditional organisational structures
is based on eliminating human error, cutting out singular decision
making, and focusing on building a truly democratic organisation.
Gaining voting rights can depend on the DAO, but generally
speaking, voting rights are granted through the ownership of tokens
specific to the organisation. A major driving factor to lean
towards DAO structures is transparency. All stakeholders of a DAO,
including customers and employees, are able to access financial
information to make informed decisions about their inputs in the
DAO. Additionally, due to the public nature of DAOs, gaining
capital is most certainly an easier and faster task than in
traditional markets. The Marriage between DAOs and Gaming With the
growth of the GameFi (Decentralised Finance) industry, the concept
of “play-to-earn” aims to push the consensus of redistributing
ownership of games to the users, instead of being controlled by one
entity. DAO’s are based on a similar concept, which makes the
integration of the two concepts a no-brainer, taking the world of
blockchain gaming to a new level. An exceptional example of
bringing these two worlds together is that of Project Hive. Project
Hive is a cyberpunk-inspired blockchain game that is based on a
“play-to-earn” approach, allowing gamers to earn through a number
of in-game revenue-making opportunities. This will be made possible
through the local governance token of Project Hive, Hive Governance
Token (HGT), which can be earned through in-game tasks,
competitions and through NFT trading on the marketplace. With the
ownership of HGT tokens, players will be able to use them in the
NFT marketplace, to purchase in-game additions and of course, it
will give them the power to vote on major decisions when it comes
to changes within the Project Hive gaming ecosystem. In addition to
building a democratic environment for all players, partners and
investors, Project Hive promises an exhilarating cyberpunk gaming
experience. Cyberpunk is both a genre and a culture, embracing a
sci-fi-fueled dystopian future, amidst the dark underworld of
illegal trade, gangs, drugs and vice. The growth and popularity of
the cyberpunk genre have taken the blockchain gaming industry by
storm and Project Hive is certainly continuing to put the exciting
genre into the spotlight. Looking to the Future DAOs are certainly
an exciting concept that will allow for decentralisation and
democracy within organisations, bringing together stakeholders
through shared voting power. With the combination of
blockchain gaming, the DOAfication of games will ensure to bring
together communities within the crypto and gaming world. This new
step into the future of both gaming and the crypto world is
certainly something to look out for.
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