'Is DAO the Key to Democratizing the Metaverse?' metaverse gamingmetaverse
Decentralised Autonomous System is a decentralised and autonomous gaming system. The DAO allows games to become fully accountable in the name of democracy. DAO consists of a smart contract code on the Blockchain. Each smart contract outlines the rules of the game and how players can act. No one can change the smart contract without unanimous approval from other players. This ensures games will function democratically without exploitation.
Some of these Metaverses use or will use what is known as the DAO or Decentralised Autonomous System. As we know, both Blockchain and cryptocurrency are fully autonomous and decentralised, with no central authority controlling their regulation and distribution. Thus, unlike traditional games such as Fortnite and Halo, which have corporate executives making decisions on top of ivory towers, the players themselves control the decision-making process. As a result, the DAO can fully democratise gaming.As mentioned, the DAO works on the Blockchain. The DAO consists of a smart contract code on the Blockchain. Each smart contract outlines the rules of the game and how players can act.
As highlighted, the DAO allows games to become fully accountable in the name of democracy. Ensuring such a mechanism is built into our games in the future will put gamers and communities in full control of their games, not stingy executives who want to make a quick buck off of a hidden microtransaction. For example, if gamers dislike certain loot boxes added to a game, they have the power to vote and have them removed.
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