Game Dapps Will Bring Blockchain To The Masses - Investor
If there is one thing that is going to bring the blockchain into the mainstream, it is going to be game Dapps (decentralized applications), says Outpost Capital’s (OC) founding partner Ryan Wang.
OC is the Silicon Valley-based venture capital fund focusing on new frontier technology with a strong presence in China.
Speaking at the Block Forum blockchain conference in Vilnius, Lithuania, Wang said Dapps are still in their infancy. Very few people know of any Dapps, and even less are using them. However, that is going to dramatically change sooner, rather than later, and gaming dapps are going to be the catalyst.
Wang compared the most popular dapp we have today, CryptoKitties, with Facebook, and concluded that the latter has more than three million times higher daily active users. However, the days of “traditional” apps’ supremacy are numbered, and it is just a matter of time before dapps can stand shoulder to shoulder.
And it’s probably not going to be a utility app that’s going to break blockchain and Dapps into the mainstream, he believes. Instead, it’s going to be a game.
CryptoKitties is one of the first, and still most popular games based on the Ethereum blockchain. It grew in popularity so fast, and so hard, that it basically crashed the network, albeit briefly.
However, it can’t even be placed in the same sentence with the likes of, say, Facebook. Or Clash of Clans, which has more than 100 million daily active users (DAU), while CryptoKitties currently sits with 373 active users.
In the words of the mighty AC/DC, it’s a long way to the top if you want to rock and roll.