{"id":640313,"date":"2024-10-03T00:06:03","date_gmt":"2024-10-02T21:06:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/do-nfts-create-value-in-games-there-are-at-least-three-ways-to-look-at-it\/"},"modified":"2024-10-03T00:06:03","modified_gmt":"2024-10-02T21:06:03","slug":"do-nfts-create-value-in-games-there-are-at-least-three-ways-to-look-at-it","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/do-nfts-create-value-in-games-there-are-at-least-three-ways-to-look-at-it\/","title":{"rendered":"#Do NFTs create value in games? There are at least three ways to look at it"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4136e5460bf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4136e5460bf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/do-nfts-create-value-in-games-there-are-at-least-three-ways-to-look-at-it\/#A_holistic_model_of_value_creation_in_games_before_and_after_blockchain\" >A holistic model of value creation in games before and after blockchain<\/a><\/li><\/ul><\/nav><\/div>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2023\/nft-1.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2023\/nft-1.jpg\" data-sub-html=\"Credit: Pixabay\/CC0 Public Domain\">\n<figure class=\"article-img\">\n            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2023\/nft-1.jpg\" alt=\"NFT\" title=\"Credit: Pixabay\/CC0 Public Domain\" width=\"800\" height=\"500\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                Credit: Pixabay\/CC0 Public Domain<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>When blockchain is introduced into video gaming, the economy and sometimes the entire design of such <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s focus on artificial scarcity and ownership of game items. However, this <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach overlooks some of the most important aspects of value creation in games, according to Alesha Serada&#8217;s research at the University of Vaasa. The value of game items is derived from manifold <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> relations in gaming communities, in the ways that frequently disregard rarity or price of digital assets.<\/p>\n<p>                                                                                                                                    Alesha Serada&#8217;s doctoral dissertation demonstrates how the value of Non-Fungible Tokens (NFTs) is constructed in games, using the example of one of the first popular and longest-running blockchain-based games, CryptoKitties.<\/p>\n<p>The processes of value creation and extraction in games are well familiar to industry practitioners, but they are rarely studied by academic researchers. This continues to be a problem, because consumer awareness is often low, and corporate responsibility in the gaming industry is lacking. Back in 2017, NFTs on blockchain were promised to liberate gamers from corporate greed of major game publishers. As of 2024, this promise is not fulfilled yet.<\/p>\n<p>According to their early adopters, NFTs would ensure property rights in virtual worlds and create new types of value based on unique properties of blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. After eight years of creative evolution, only very few blockchain-based games have reached a noticeable level of adoption, and even those are critically panned. This indicates the lack of value in such games to their players.<\/p>\n<p>However, games are one of very few blockchain applications beyond cryptocurrencies that saw at least some level of adoption. So-called &#8220;crypto games&#8221; made an important contribution to the development of blockchain platforms, as Serada argues in their doctoral <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/osuva.uwasa.fi\/handle\/10024\/18000\">dissertation<\/a>, to be defended on October 4 at the University of Vaasa.<\/p>\n<p>&#8220;I chose CryptoKitties as my primary case for studying value on blockchain, because it was the first of this kind to reach overnight fame,&#8221; says Serada.<\/p>\n<p>&#8220;Besides, this is also one of the very few blockchain-based games to have a friendly and vibrant community. Thanks to it, the game managed to survive several &#8216;crypto winters&#8217; on the cryptocurrency market. Throughout the years, a wealth of quantitative data has been accumulated both on blockchain and off-chain, which I combined with qualitative data from the game community and the game itself.&#8221;<\/p>\n<p>                                                                                                        <!-- TechX - News - In-article --><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_holistic_model_of_value_creation_in_games_before_and_after_blockchain\"><\/span>A holistic model of value creation in games before and after blockchain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite the many inefficiencies of blockchain, game designers can learn valuable lessons from blockchain-based games. Based on research, Serada suggests a three-dimensional model that takes into account different types of value: the value as designed by game creators, the subjective value of items projected by an individual player, and the value that is collectively created by the game community.<\/p>\n<p>The last type of value is the fundamental and most sustainable way of value creation in games, and yet blockchain-based games are particularly low on it. The dissertation also includes a decision flowchart, which can be used to determine what kind of value, if any, is constructed in a game item represented by an NFT.<\/p>\n<div class=\"article-main__more p-4\">\n                                                                                                <strong>More information:<\/strong><br \/>\n                                                Serada, Alesha. Value Creation and Price Negotiation on the Blockchain-Based Marketplace: The Case of CryptoKitties, (2024). Doctoral dissertation. University of Vaasa, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/osuva.uwasa.fi\/handle\/10024\/18000\">osuva.uwasa.fi\/handle\/10024\/18000<\/a><\/p>\n<\/div>\n<div class=\"d-inline-block text-medium my-4\">\n                                                Provided by<br \/>\n                                                                                                    University of Vaasa<br \/>\n                                                                                                        <a rel=\"nofollow noopener\" target=\"_blank\" class=\"icon_open\" href=\"http:\/\/www.uva.fi\/en\/\"><br \/>\n                                                        <svg>\n                                                            <use href=\"https:\/\/techx.b-cdn.net\/tmpl\/v2\/img\/svg\/sprite.svg#icon_open\" x=\"0\" y=\"0\"\/>\n                                                        <\/svg><br \/>\n                                                    <\/a><\/p><\/div>\n<p>                                        <!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>                                                <strong>Citation<\/strong>:<br \/>\n                                                Do NFTs create value in games? There are at least three ways to look at it (2024, October 2)<br \/>\n                                                retrieved 2 October 2024<br \/>\n                                                from https:\/\/techxplore.com\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>\/2024-10-nfts-games-ways.html<\/p>\n<p>                                            This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no<br \/>\n                                            part may be reproduced without the written permission. The content is provided for information purposes only.<\/p><\/div>\n<\/p><\/div>\n<p><script id=\"facebook-jssdk\" async=\"\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/sciencee\/\" target=\"_blank\" rel=\"noopener\">Science category.<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techxplore.com\/news\/2024-10-nfts-games-ways.html\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit: Pixabay\/CC0 Public Domain When blockchain is introduced into video gaming, the economy and sometimes the entire design of such games focus on artificial scarcity and ownership of game items. However, this approach overlooks some of the most important aspects of value creation in games, according to Alesha Serada&#8217;s research at the University of Vaasa&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":640314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2023\/nft-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-640313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/640313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=640313"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/640313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/640314"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=640313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=640313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=640313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}