An open, interoperable metaverse would enable Web3 games to carry out DeFi-style “vampiric attacks” in order to reach other titles’ audiences, said Animoca Brands CEO Robby Yung.

Speaking at an NFTUK event in London, Yung gave the example of a racing game using NFTs to represent cars. “Let’s say we both make racing games and I have one with tonnes of players. There’s a huge opportunity for an indie to make another racing game and essentially—the DeFi people call it a vampiric attack—create utility for all those players.”

Interoperablility between two games’ NFTs would enable the newer title to create a user acquisition funnel to draw over users from the more established game, Yung said. “That brings a lot of people in to at least try what you have on offer from my community, because you’re providing that interoperability,” he explained. “Some may stay and some may leave, but you can at least use that as part of your funnel.”

In the world of decentralized finance (DeFi), vampire attacks occur when new projects offer better incentives than established projects to draw liquidity away from the original project and into t

Go to Source to See Full Article
Author: Stephen Graves

Did you like this?
Tip BTC Newswire with Cryptocurrency

Donate Bitcoin to BTC Newswire

Scan to Donate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate Bitcoin Cash to BTC Newswire

Scan to Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate Ethereum to BTC Newswire

Scan to Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:

Donate Litecoin to BTC Newswire

Scan to Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate Monero to BTC Newswire

Scan to Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:

Donate ZCash to BTC Newswire

Scan to Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Comments are disabled.