Josh Williams
Josh Williams is the Co-Founder and Chief Executive Officer of Forte, an open platform enabling the emergence of community economics. He aims to build a groundbreaking blockchain platform for games to align the interests of developers and players and create new economic and creative opportunities for billions of players around the globe. A lifelong builder, Williams has dedicated the last 20 years leading and investing in startups across games, fintech, and distributed computing. He is a serial entrepreneur and active investor best known for multiple large exits.
- Williams has specialized in machine learning, real-time technologies, and big data for almost 20 years.
- He serves in board seats at several emerging technology companies in the mobile, marketing, biotech, and consumer sectors.
- Before Forte, he served as Chief Executive Officer and Chief Technology Officer of GarageGames, which helped pioneer the industry’s transition to digitally distributed games.
- He has appeared as a guest on Real Vision.
KEY LEARNINGS
- According to Williams, less than 5% of users make in-game purchases in most of the top games. Within that 5%, only less than 1% of users drive 80% of the revenue.
- The real challenge is how to design around both free users and paying users to provide a good experience for both. Solution: Blockchain Technology
- He believes that the integration of blockchain technology in games will make users see property value and rights in digital worlds as they do in the physical world.
- Once users understand these systems, this will expand far beyond gaming and open new financial models across the globe.