There are many reasons for structuring ourselves as we have done.
1. We want to build a decentralized industry with no pressure-points at which it can be seduced or coerced.
2. We want to be able so serve as a neutral broker rather than a competing developer.
3. We want independent developers to feel good about honoring AGS and PTS
... and make it easer for others to team with us to achieve great things.
4. We want to reduce our regulatory surface area by not scrambling too many eggs in one basket
... so we can speak more freely as advocates for the things we believe in.
We incubate industry partners,
supply them with technology,
support and promote their efforts,
and invest in them and their products.
Given those objectives, we are situating ourselves at what we believe is one of many great risk-reward peaks on the multi-dimensional industry landscape.
Trying to do it all from the tallest peak is not a great risk-reward point.
So we are leaving lots of other hilltops wide open as opportunities for others.