While a marriage between NFTs and video games appears inevitable, efforts so far have received largely negative reactions. What will it take to spur adoption, and is it possible with the current state of nonfungible tokens?
are keeping a close eye on blockchain and how it could impact the business of gaming — an industry worth around $80 billion.
During this time, the gaming industry has primarily profited from selling entertainment products that offer nothing more than a game. But as soon as you let money flow in and out of a game, you effectively turn its economy into a stock market. “With these hurdles in the rear-view mirror, it’s my view that widespread adoption of NFT technology is now much more likely by major game companies,” he said.
Gaming NFTs exist at an intersection between some of the most fast-paced, high-skill, high-value environments in the world: technology, finance and entertainment. Each of these sectors accommodates all kinds of market conditions and consumer behaviors, and it will take time for them to understand the intricacies of the others.