Is Gaming the Path to Blockchain Adoption?
Electricity follows the path of least resistance. Apparently, so does blockchain adoption. The gaming industry has opened the door for many new technologies, providing a gentler learning curve and disguising some of the technical hurdles with fun and exciting gameplay. Looking at examples from early consoles and arcade cabinets to VR, to online communities, gaming […]
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PRESS RELEASE. The gaming ecosystem has been at the forefront of the NFT and other blockchain innovations’ adoption. However, despite the impact of the play-to-earn gaming model in driving blockchain adoption, it has been highly criticised due to most gaming projects’ models.
It is believed that blockchain games sacrifice the quality of the gaming experience with the opportunity to earn or make more playing these games. Is this the truth? Well, yes. Although this might have been the norm but, with the evolution of blockchain games, the narrative is changing.
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Big gaming firms are working to spur mainstream blockchain gaming adoption, and don’t want to “change that policy” even if it causes pushback from some. Japanese gaming giants are positioning for mainstream blockchain game adoption, and will not be swayed by the section of gamers that are against crypto and nonfungible tokens (NFTs), an exec from the Oasys blockchain project told Cointelegraph. Speaking to Cointelegraph at the 2022 Tokyo Games Show last week, Oasys Representative Director Ryo Matsubara emphasized that the project’s big-name partners such as Bandai Namco, Sega and Square....
Phil Spencer, Microsoft’s executive vice president of gaming, shared his skepticism around some NFT gaming projects as he feels the entertaining side of games is being compromised by the use of the new possibilities the blockchain brings for them. During an Axios interview, the tension around the blockchain adoption by the gaming industry seemed to […]
There is no doubt that Blockchain gaming will be the next big thing, and is ready to break into the mainstream. Just like other industries, the gaming industry has optimized Blockchain technology to increase transparency and fairness. Currently, the Blockchain gaming industry has adapted to even make use of NFTs, a big buzzword in the […]
Some say that blockchain gaming will inspire the next wave of cryptocurrency adoption. Play-to-earn games are certainly ever-present in headlines and conversations around the world. Are they close to mainstream adoption? Not in the slightest. The industry is just beginning and there’s a long way to go. The companies producing the games are well funded and make incredible amounts of money. However, they don’t seem to have that many employees. Related Reading | The 100x ROI for Gamezone’s $GZONE Confirms the Viability of Blockchain Gaming Besides being a nascent industry, blockchain....