The New Gold Rush (Ep. 8)
Gamecraft22 Helmi 2023

The New Gold Rush (Ep. 8)

Mitch and Blake take on the complex topic of in-game economies. They discuss how the endemic problems of trust and arbitrage were present in the earliest in-game economies of the late 1980 and how they have persisted to the present web3 economies. They look at the concept of mudlfation, a unique economic problem of massively multiplayer online games, and the strategies for controlling it, as well as the idea of economic play. Mitch talks about how gold farming and real-money trading were early antecedents of play-to-earn, before taking a look at early web3 economies. They end the episode with a discussion of the speculator problem in web3 gaming, and Mitch explains the trust and gifting based economy of Jenova Chen's Sky.

The Story of Habitat

Axie Infinity hack

Raph Koster on "fun" in virtual economies

Under a Killing Moon

"Mudflation"

'Flation (Koster)

Play Money (Dibbell 2007)

Castronova on Everquest GDP

CS:GO Skin Economy Explained

EVE Online (How Money Works)

Is Crypto VC Strategy Securities Fraud?

Sorare

Sky economy

Jaksot(26)

The EA "LBO"

The EA "LBO"

In this Special Edition of the GameCraft podcast, Mitch and Blake discuss the $55 billion leveraged buy-out of Electronic Arts by the Private Investment Fund of Saudi Arabia, Siliver Lake Partners, an...

15 Loka 202537min

The Sum of the Parts (Ep. 24)

The Sum of the Parts (Ep. 24)

Mitch and Blake explore the role of consolidation -- primarily through mergers and acquistions -- in building some of the biggest and most durable companies in gaming.  They begin with a discussion of...

21 Touko 20251h 9min

AI as a Platform (Ep. 23)

AI as a Platform (Ep. 23)

Last season, Mitch and Blake discussed the implications of new Large Language Model Artificial Intelligence in games. In this episode, they return to the topic, this time focusing on games that are us...

14 Touko 202552min

Hasbro and Lego (Ep. 22)

Hasbro and Lego (Ep. 22)

Mitch and Blake look at two of the largest toy companies in the world, Hasbro and Lego, and discuss their divergent but ultimately very successful forays into the games business as licensors of intell...

7 Touko 202544min

The Venture Deadpool (Ep. 21)

The Venture Deadpool (Ep. 21)

Mitch and Blake address the unpleasant topic of how and why venture-backed games companies fail. They look first at the nature of venture financing and the inherent differences between venture and pub...

30 Huhti 20251h 6min

China (Ep. 20)

China (Ep. 20)

Mitch and Blake look at the current state of the vitally important Chinese gaming market, on the precipice of a bitter trade war resulting from the Trump tariffs. They review the history of the games ...

23 Huhti 202556min

Valve (Ep. 19)

Valve (Ep. 19)

Mitch and Blake take an in-depth look at one of the most important companies in the global gaming business: Valve. They trace the company's origin as the developer of first-person shooter Half Life, t...

16 Huhti 20251h 1min

The Mobile Gaming Duopoly (Ep. 18)

The Mobile Gaming Duopoly (Ep. 18)

Mitch and Blake discuss the mobile duopoly in which Apple and Google exert extraordinary power by tying their app stores to hardware and software platforms. They warn that the inflexible and expensive...

9 Huhti 202559min

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