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The Shocking Link Between Digital Gold and Games

The Shocking Link Between Digital Gold and Games

Watch the video of this interview on Gamma Prime’s YouTube channel:

Interview with Michael Gord (Founder & CEO at GDA Capital) and Korath Wright (Director of Capital Markets at Gamma Prime)

Michael Gord (Founder & CEO at GDA Capital):
My primary focus right now is to usher in a digital gold rush by taking gold, putting it on the blockchain, and then seeding it into game social culture as an incentive engagement layer. Fascinating, fascinating. Have you seen that elsewhere? Have you seen other models like that? I think that we’re a first mover with this thesis.I’ve been really bullish on this idea of creating monetization engines for culture. So we’ve been on this tip for some time. But yeah, there’s companies that have raised lots of money for creating real world asset markets and have been unsuccessful with that.

Different degrees of unsuccessful, but no one has actually created a market for real world assets. And PlayDirt and gaming has, there’s lots of games that have gone viral, have lots of users, but have been unable to create a sticky market because digital assets that people are earning are speculative in nature. Pondinomics, usually the race to the market goes down, everyone leaves and stop playing when there’s no, when the income goes down. So I think the solution to creating a real market for real world assets is viral games and the solution to having a sticky market for viral games is real world assets. Interesting, interesting. So then, so then that looks like, where do you see the RWA space going then from, from your perspective and where you are in it and kind of a bit of a unique view? Wow, loaded question. From a broad view, I think that all assets that are worth something will be, will move on chain. So there’s going to be tens of trillions of dollars of assets that move on chain broadly. And then I, if you want to repeat the other part of the question.Yeah.

Well, really it was, is where are things going? And so, yeah. Specifically with this element of, of the intersection of real world assets and games, we’re starting with gold because people are, happen to be well positioned and have some good relationships there and good assets, but everyone that has played games, almost everyone has played games and earned gold coins in games. So the understanding of earning gold in games is not new. The only difference is that I want to make it so the gold coins actually redeemable is represented by a real world asset. If we are right, and there ends up being tens of millions of users that come into our ecosystem to earn gold or real world assets in general, then I think that games are a tool to create markets for any and every real world asset. So if someone wants to play a game and earn gold, that’s good for them, or they could play a game and earn silver or emeralds or a part of a building. And then if they’re playing games to earn a percentage of, to earn a share of real world assets, they’ve indicated they’re interested in that market.