So why use crypto instead?

https://www.forbes.com/sites/paultassi/2022/02/26/valves-gab...

>Valve's Gabe Newell Takes A Flamethrower To The Metaverse And NFTs

[...]

>"The things that were being done were super sketchy. And there was some illegal shit that was going on behind the scenes, and you're just like, yeah, this is bad. Blockchains as a technology are a great technology, that the ways in which has been utilized are currently are all pretty sketchy. And you sort of want to stay away from that…. The people who are currently active in that space are not usually good actors."

>"There's a bunch of get rich quick schemes around metaverse. Most of the people who are talking about metaverse have absolutely no idea what they're talking about. And they've apparently never played an MMO. They're like, 'Oh, you'll have this customizable avatar.' And it's like, well... go into La Noscea in Final Fantasy 14 and tell me that this isn't a solved problem from a decade ago, not some fabulous thing that you're, you know, inventing."

>Here, Newell is saying plainly what many in the gaming community have been thinking when it comes to the “metaverse” presented as a bunch of blockchain-based Second Life knockoffs that are selling virtual real-estate to stupid business brands for millions. Meanwhile, actual metaverses, immersive video games, have been around for decades and already do all the things and much, much more than these newcomers.

>Very few people in this space will speak this frankly about the current gold rush situation when it comes to the blockchain, NFTs and the metaverse, but it’s great to hear from industry icon Gabe here to set the record straight.

[...]

Edit:

https://en.wikipedia.org/wiki/Linden_Dollar

Gabe's point stands that the web3 kids have no fucking clue about what came before and has already been around for decades, or what any actual game developer or player would want to do with a game.

It is not economically practical or even technically possible to deliver on most of the empty starry-eyed promises being slung around by NFT shills. They're primarily scammers pushing get-rich-quick pyramid schemes and pump-and-dump rug-pulls, not experienced game developers or designers or economists.

pewpew hit the nail on the head:

https://news.ycombinator.com/item?id=30975029

>Crypto is a solution looking for a problem to solve. It is like a parasite, which will latch onto any existing tech and enable scams on the same.