DrCheemsCripto I Web3 Gamer

Luke thinks that web3 gaming's endgame is either play-to-earn or gambling “You either go very heavily in the risk-to-earn, there's elements of gacha, all this kind of stuff, or there's rewarded play” “Rewarded play is the category that we are really interested in and what we're trying to figure out is how we can actually build a sustainable model here”

First payout will be coming this week

Seeing this in real time with Axie. In '21 we had grand dreams of community-built games. The tools for building weren't ready yet. Things are different now. Refreshed by the energy around classic development, powered by the enhanced capacity of builders.

Only a small number of traditional gamers are actively seeking a new game to play at any one time. If we compare this to web3, nearly every gamer is on the lookout for something better or something new. A big part of this comes from loss-aversion. When players spend time or money in web2, an attachment forms and is nourished over time so that quitting would feel like a large loss. Conversely, a real web3 game that captures value generated from playing is saying, "I will pay you $1 right now if you quit." And every day that goes up by another $1 until eventually one of the developers fart during a livestream AMA and the player can use that as an excuse to exit.

update:

🦔Workers in India are wearing head-mounted cameras for 12 cents an hour to collect training data for humanoid robots. The footage of them doing everyday tasks like cooking, cleaning, sorting, and walking through public spaces gets sold to robotics companies building the models meant to replace those same kinds of jobs in higher-wage countries. The arrangement has been running for roughly two years. Workers do not own the data, do not get residuals, and in many cases are not told what their footage is being used to train. My Take The workers wearing the cameras live in a country where robotics automation will hit decades later, so they are training their own future replacements at a delay that hides the consequence from them personally. The companies buying the data are mostly US and Chinese, building humanoid robots aimed at warehouses, retail, and service jobs in countries paying $15 to $25 an hour rather than 12 cents. Robotics companies need motion data that mimics how humans actually move through real environments, and synthetic data has not been good enough yet. Paying 12 cents an hour in Bengaluru is cheaper than running motion capture studios in Boston, and it works at scale because the worker absorbs the cost of the camera, the discomfort of wearing it, and the long-term loss of any rights to their own movement data. The robotics labor market that eventually emerges from this footage will displace far more wages than the data collection cost to gather. That is the trade investors funding humanoid robotics startups are betting will pay off, and the workers in the videos are the ones paying the tab up front. Hedgie🤗

If crypto ended up dying from here What's your plan B?

⚡️NEW: Vitalik Buterin says nearly 90% of his net worth is in ETH.

🚨 THE AI COST CRISIS HAS STARTED. Microsoft reportedly told engineers to stop using Claude because AI bills were exploding, while Uber says its entire yearly AI budget was already destroyed by April.

⚡️ JUST IN: Vitalik Buterin says the Ethereum Foundation is moving toward a leaner role, with less emphasis on expansion and broader ecosystem control. Buterin adds the EF plans to sell less ETH and currently holds around 0.16% of total ETH supply.

Community-driven development & open-source wasn't very effective a few years ago for games - barely anyone had the skills to contribute meaningfully However, now with AI almost anyone can build / contribute With the right incentives and infra maybe something can work now 🤔