The Social Aspect of Blockchain Gaming Economies Ft. Corey Wilton | Mirai Labs

Are you ready to dive into the fascinating world of blockchain gaming economies?

In a recent episode of the Economics Design Podcast, Enzo hosts a captivating discussion with Corey Wilton, the CEO of Mirai Labs, unraveling the social aspect of this innovative industry.

A Journey Through Web 3

Corey Wilton’s journey is nothing short of inspiring. Hailing from Australia and now based in Vietnam, he delves into his foray into the world of web 3 during the ICO hype of 2017. Despite facing challenges, including a failed business attempt, Corey’s resilience led to the success of a toy gun store venture in Australia. His rekindled interest in web 3 in 2020, particularly in NFTs and blockchain gaming, paved the way for his remarkable contributions to the industry.

Mirai Labs and the Blockchain Gaming Revolution

Mirai Labs, under Corey’s leadership, has been at the forefront of revolutionising blockchain gaming, with a significant focus on games like Pegaxy. The discussion sheds light on the challenges encountered, such as the complexities of managing Ethereum wallets for a large user base, reflecting the real-world obstacles in this dynamic landscape.

The Evolution of Game Economies: Navigating Challenges

As the conversation progresses, Corey and Enzo delve into the evolution of gaming economies in 2021, emphasizing the speculative nature and the sustainability challenges faced during the surge of blockchain games. Corey’s reflections on the lessons learned and the necessary improvements, especially in the context of the pandemic-induced gaming boom, provide valuable insights into the industry’s maturation.

SocialFi and Guild Tokenisation: Pioneering Innovation

One of the most intriguing aspects discussed is the concept of SocialFi and its monetisation within the gaming industry, inspired by Friend.tech. Mirai Labs’ groundbreaking innovation in guild tokenisation empowers users to acquire fractional ownership of guilds within games, fostering a unique play-to-earn model that is set to redefine the gaming landscape. Corey’s insights into Petopia, Mirai Labs’ new game, further highlight the company’s commitment to innovation, with an ETH-based economy and a distinctive approach to in-game tokens.

The enthralling conversation between Enzo and Corey Wilton offers a glimpse into the transformative potential of blockchain gaming economies, where social dynamics and economic innovation converge to shape the future of gaming. As the industry continues to evolve, Mirai Labs’ pioneering spirit and commitment to redefining the gaming experience are poised to make a lasting impact.

Join us in embracing this social revolution and unlocking the boundless opportunities that await in the vibrant world of blockchain gaming economies. The future of gaming has arrived, and it’s more exhilarating and socially immersive than ever before.