The nation’s largest game show “G-Star 2022” has opened. The key topics of G-Star, which has more than doubled in size from last year, were by far blockchain and token economy.
As the number of web 3.0 game developers such as Wemade, iCandy, and Kakao Games (Bora) has increased without hesitation, it was possible to see how sincere the game industry is to the blockchain.
“I want to play a fun game more fun…”Blockchain is an irresistible flow”
Wemade is the company that most actively announced plans for Tokenomics (Token Economy) at this event. Although it has been having a hard time due to unfavorable factors such as allegations of WEMIX distribution manipulation, it cannot be denied that it is a game company that has shown the most active expansion of Web 3.0 in Korea.
In a keynote speech at G-Star G-CON X IGC (International Game Conference) under the theme of “New Paradigm: Intergame Economy and Metabus” on the 18th, Jang Hyun-guk, CEO of Wemade, stressed several times that the application of blockchain and talknomics to games is an irresistible trend.
Jang Hyun-guk, CEO of Wemade, who is giving a keynote speech at G-Star 2022 held at BEXCO in Busan on the 18th / Photo = Wemade
Jang Hyun-guk, CEO of Wemade, who is giving a keynote speech at G-Star 2022 held at BEXCO in Busan on the 18th / Photo = Wemade
“There were people who said what intrinsic value Bitcoin (BTC) and Ethereum (ETH) have, but it has already been proven wrong,” CEO Jang said. “Just as the government’s currency and gold have value by using and trusting people even if they have no intrinsic value, virtual assets can function as currency.”
This means that if the value of virtual assets gains public trust and the value is delivered by using tokens, it can be used universally like legal currency.
CEO Jang said, “Of course, some game companies that sell tokens by applying TalkNomics, cover development costs with the money, or make money by applying TalkNomics to boring games have created a negative image of TalkNomics,” but added, “In the end, TalkNomics should exist for users.” It is ultimately to create a more fun game by creating an environment where users can make items they own as irreplaceable tokens (NFTs) and trade with them,” he explained.