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.
WITH BLOCKCHAIN | WITHOUT BLOCKCHAIN |
---|---|
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 |
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