'Why Blockchain Gaming Is DeFi's Killer App' by 0x_delken blockchain cryptocurrency
The “killer app” can be thought as an application of such great value that it assures the success of the technology that it is associated with. In short, a killer app is what allows its underlying technology to be widely understood for the very first time, opening the floodgates towards mainstream adoption.
Explaining Snapchat by referencing Facebook is easy. Explaining cloud storage by referencing local storage is doable as well. But explaining the true disruptive potential of cryptocurrencies is just a different story altogether.[Damian Bocunowicz/GitHub] Aave UI: a decentralized lending and borrowing protocol on Ethereum
Imagine a scenario where a first-time crypto user wants to participate in Aave’s USDC lending pool. First, he needs to create a wallet. Then, he needs to buy ETH from a CEX and withdraw it to this wallet. Afterwards, he needs to buy USDC from a CEX and withdraw it to this same wallet. Once both his ETH and USDC arrive at his wallet, he goes to Aave’s website, selects the ETH network, connects his wallet, and finally deposits his USDC. To withdraw, he must do the above in reverse.
Where DeFi lacks is where blockchain gaming excels: having low barriers-of-entry. If done right, the average Joe won’t even know that their in-game skins are actually NFTs, and that their in-game gold stash are actually cryptocurrencies tradable for fiat.
[Zipmex] Axie Infinity’s in-game snapshot: just be honest, would you play the game continuously if you take away its “play-to-earn” allure?
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