3.8. Benefits
The deployment of a decentralized blockchain-based metaverse platform provides several advantages over current non-blockchain systems, as shown in the table below.
True Ownership
● Assets stored in player wallets through tokenization of UGC
● User retention of copyright in
perpetuity
● Ownership not tied to a game
● Creative authorship is immutable
Limited Ownership
● Assets stored in game systems
● Copyright limited and items can be
modified by third parties
● Ownership is tied to the game
● Creative authorship is hard to prove
Secure
● Less fraud possibility thanks to blockchain’s record keeping technology
Insecure
● Server-based transactions
● High possibility of fraud (13%average)
Fair Revenue Share
● Creators will receive 100% of the sellingprice they set for their creations
● Multiple creators can automatically share payments and revenue
Limited Revenue Share
● Creators receive partial payment for items they sell
● Ownership limited to one player entity
Decentralized Trading
● Blockchain allows assets to be shared between users for collaboration
● Peer-to-peer trading
Centralized Trading
● Centralized system limits collaboration
● All trades are controlled by 3rd parties
Last updated