Game Developer Group States Using NFTs in Gaming Presents Ethical Issues
The International Game Developers Association (IGDA), a group integrated by a number of game developers and programmers from companies across the globe, has addressed the use of NFTs (non-fungible tokens) in the gaming industry. The director of the group has stated that the introduction of these elements in gaming projects presents “ethical issues,” and this also might represent a “socio-political explosion waiting to happen.” IGDA’s Take on NFTs One of the biggest groups comprised of game developers and programmers has given its take when it....
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The blockchain-based game developer is currently working on an open-world multiplayer game with playable NFTs. Los Angeles-based NFT games developer Mythical Games announced a $75 million Series B financing with new and existing investors. The company plans to use the fund to popularize ownership in games through playable nonfungible tokens (NFTs).The funding round was led by WestCap Group. Other participants include 01 Advisors, Gary Vaynerchuk’s VaynerFund, Galaxy Digital, Javelin Venture Partners, Alumni Ventures and Struck Capital. The game developer studio raised a total of $120....
A recent study shows a majority of game developers in the United States and England are incorporating NFTs and other blockchains features into games, which allows remarkable change for the way production, content, economy, market, and earnings have been seen until now by the gaming world. NFTs are digital assets that are able to appreciate […]
NFTs are all the rage today. Among their multiple use cases, NFTs in games are one of the most popular utilities. Various industries, including games, music, sports, and more, are using NFTs for a wide range of purposes. NFTs can potentially change how users interact with each other within or outside the gaming world. Let’s find out how the top projects in the blockchain industry are leveraging NFTs and more about the Nine Chronicles NFT project. How is the Gaming Industry using NFTs? Game NFTs have multiple use cases. For one, they help ascertain ownership of in-game assets. This....
Epic Games has been one of the few major traditional game developers and publishers in the market to show a clear interest in NFTs. While the tier 1 gaming company hasn’t been especially aggressive in the space quite yet, Epic CEO Tim Sweeney has a notorious pro-developer stance, and has expressed that NFTs can show […]
The major game developer is reshaping its business strategy to include a more robust NFT ecosystem by investing in blockchain gaming infrastructure. Gaming giant Square Enix has revealed in its Q1 earnings report that it will expand nonfungible tokens (NFT) into more game products as part of its medium-term business strategy in 2022.Square Enix (SE) is a Japanese game developer with $3 billion in assets under management according to its latest earnings report. The firm owns the Final Fantasy property and sold the Tomb Raider franchise for $300 million on May 3.The report states that the....