Business Thesis

As AI reduces the availability of jobs, UBI is likely to gain traction, increasing leisure time spent online, including gaming.

Additionally, generative AI will potentially lead to content copyright issues, as scammers create fake in-game items at record speed and scale.

Web3 and NFTs can solve this problem by ensuring the authenticity of characters/items in a collection. We envision web3 gaming as the future, because it allows players to take ownership of their in-game progress while providing a secure way to identify and transfer in-game items-giving peace of mind to gamers and content creators alike.

It is only a matter of time before AAA games are built on web3, onboarding the masses to on-chain gaming. We are already seeing native web3 games in beta such as ParallelTCG and Bigtime which both have potential to become AAA games that onboard millions into web3.

The team realizes the web3 gaming scene is very niche and has yet to gain meaningful traction, but are preparing for what the industry is predicted to become, rather than where it currently stands.

As a platform that serves digital asset owners, passive investors, and gamers, we are well-positioned to take advantage of the full potential of the upcoming web3 gaming wave.

Sources/ references:

Fake Roblox items sold cleverly:

https://www.youtube.com/watch?v=ntMHPiO6V6U

Sam Altman, founder of openAI - Worldcoin UBI https://www.coindesk.com/tech/2023/05/08/sam-altmans-crypto-project-worldcoin-releases-first-major-consumer-product/