I wrote a blog post called The NFT Bible overviewing the emerging non-fungible token ecosystem. The post explores the history of the space, NFT smart contract standards, misconceptions, and market size estimations. Read the full post here.
For gaming, blockchain represents a fundamental business model shift: from value extraction in closed ecosystems to value capture in open ecosystems. The problem is that while incumbents have figured out how to extract value in closed ecosystems (restrictive monetary policies, locks on transfers, fees, etc.), new entrants have yet to figure out how to capture value in open ecosystems. This post explores potential business models for an open ecosystem.