Community ownership is a new way of thinking about ownership and control in gaming. It is the idea that players can own and operate their own games, without the need for a centralized authority, are you wired?

This concept is being enabled by Web3 technology, which allows for true ownership of in-game assets and decentralized governance. As a result, we are seeing a new generation of games emerge where players are not just consumers, but also creators and stakeholders.

In these games, players can vote on decisions about the game's development, rules, and economy. They can also own and trade their in-game assets with other players. This creates a more engaging and rewarding experience for players, as they have a real stake in the success of the game.

Community ownership has the potential to revolutionize the gaming industry. It can lead to more creative and innovative games, as players have a say in how the game is developed. It can also lead to more equitable and sustainable games, as players are incentivized to make decisions that benefit the community as a whole.

Here are some examples of how community ownership is being used in gaming today

DAO-Owned Games: Some games are now owned and operated by DAOs (decentralized autonomous organizations). This means that players have a say in how the game is developed and operated.

Play-To-Earn Games: Play-to-earn games allow players to earn cryptocurrency by playing the game. This gives players a financial incentive to be involved in the game's community and economy.

NFT Games: NFT games use non-fungible tokens (NFTs) to represent in-game assets. This gives players true ownership of their in-game items.

Community ownership is still a relatively new concept, but it is rapidly gaining momentum. As more and more games adopt this model, we can expect to see a more decentralized and player-driven gaming industry emerge.

Community ownership is the future of gaming. It is a new paradigm that gives players a real stake in the games they love. By enabling true ownership of in-game assets and decentralized governance, Web3 technology is making community ownership possible.

Here are Two Examples of Existing Web3-based games

Axie Infinity: Axie Infinity is a play-to-earn game where players collect, breed, and battle creatures called Axies. Players can earn cryptocurrency by playing the game and winning battles. Axie Infinity is one of the most popular Web3 games, with over 2 million daily active users.

Decentraland: Decentraland is a virtual world where players can buy, build, and sell land and virtual assets. Players can also create their own games and experiences. Decentraland is governed by a DAO, which means that players have a say in how the game is developed and operated.

As the gaming industry embraces Web3, we can expect to see a more creative, equitable, and sustainable gaming landscape emerge. Community ownership is the key to unlocking the full potential of gaming.

Have you played any of the games or built one? Share your experience in the comment section, don't forget to upvote and leave a comment.