"The Social Benefits Are Huge" - Web3 Games to Displace Digital Ownership

Robbie Ferguson, Co-Founder of Immutable, Highlights the Potential of Web3 Games to Cause a Change in Digital Ownership and Sharing value.

Interview

Nothing replaces experience. Even when an experience may seem unfortunate, like getting your brother's Runescape account banned.

Robbie Ferguson grew up as an avid gamer, racking up thousands of hours playing his favorite games. One fateful day, he logged into Runescape and triggered a series of events that would forever change his view of digital property and the world of Web3 gaming:

"I logged into my brother's Runescape account that we shared and went to the desert and lost all his red dragon armor. The next day I felt so bad I went to buy gold to a gold farm to replace it. The next day the account was banned."

The incident left a mark on Ferguson, a software developer who got involved in the blockchain space through his introduction to Bitcoin in 2014. His interest was supercharged in 2015 with the advent of Ethereum and ecosystem potential.< /p>

Ferguson's Runescape banning incident provided the impetus for his shift to blockchain game development, after he grew frustrated with what he described as the "arbitrary impunity" in which savings and game assets were governed by traditional companies.

Speaking to Cointelegraph at the Token2049 conference in Singapore in September 2022, Ferguson explained how he, his brother James, and Alex Connolly co-founded blockchain technology company Immutable in 2018 after their first attempts at creating a decentralized game. /p>

Robby Ferguson features at the Asia Blockchain Gaming Alliance summit during Token2049 week in Singapore.

Ether Bots, their first attempt at Ethereum-powered gaming, taught the trio what should be in chain or non-chain and laid the foundation for what would become an infrastructure platform for creating web3-based games and non-fungible token (NFT) functionality. Additionally, Ferguson intended to say...