tldr; Web3 gaming’s promise of true asset ownership has faltered due to regulatory challenges and the collapse of many games. Players often lose access to their assets when games shut down, revealing the illusion of ownership. Regulatory frameworks classify games with real-money asset exchanges as financial services, requiring costly compliance measures like KYC and AML. Magnus Söderberg, CEO of Triolith Games, suggests outsourcing compliance to third-party providers to balance regulation with game development, ensuring legal adherence while maintaining gameplay quality.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Roy1984 on
It’s not possible to fix it, people are just lazy to learn and that’s the issue.
3 Comments
Not your JPG…
🍩 !tip 1
tldr; Web3 gaming’s promise of true asset ownership has faltered due to regulatory challenges and the collapse of many games. Players often lose access to their assets when games shut down, revealing the illusion of ownership. Regulatory frameworks classify games with real-money asset exchanges as financial services, requiring costly compliance measures like KYC and AML. Magnus Söderberg, CEO of Triolith Games, suggests outsourcing compliance to third-party providers to balance regulation with game development, ensuring legal adherence while maintaining gameplay quality.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It’s not possible to fix it, people are just lazy to learn and that’s the issue.