The importance of property rights for in-game assets?
Property rights are the essence of our civilian liberties. In fact, all other rights that we have a pretty much worthless if one ought to take away our right to private property. Property is the substance of a free society. It is the foundation of our ability to control our life and to strive to shape our destiny.
But since property rights protect all other rights, how come we don’t have ownership rights to the in-game digital assets we earn inside the games we play? Millions of gamers around the world spend their time earning digital assets that can be taken away from them at the will of a publisher. Millions of gamers around the world are somewhat of a digital slave to the large game publishers.
Today game publishers pursue maximum profiteering at the expense of the gamers around the world. This makes gamer-developer relationship landscape quite unhealthy, stalling the evolution of the market.
Intangible property rights to the digital assets inside the games are fundamental to make the creative flow within games accessible and transparent. In this sense, creating a blockchain based property system for in-game digital assets is a valuable addition to the market as it works to protect and foster individual rights.
Creation of the Hyperloot DAO protocol was based on two pillars. One is to create digital property rights system including protection against expropriation by the game developer. Second one is a smart contract system which facilitates private exchange between the gamers. Something we lack as the recent experiences with games like PUBG shows.
Equipped with a well-defined and enforced set of digital property rights gamers and developers can enter a new era of relationship. However, if such a system is not present, we’ll have to maintain the ecosystem we have now, which is likely to be short-lived, at best.
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