Can crypto and blockchain gaming change the creator vs corporation narrative?
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Gamers are feeling some kind of way about blockchain technology. They came out in furious force when major game studios like Square Enix, Zynga, and Ubisoft announced plans to incorporate NFTs into new titles. The argument is that these cryptocurrencies and blockchain assets are Ponzi schemes for the digital world, and still actually haven’t proven they’ve got legs.
But there’s simply a lot of misconception and misunderstanding about what the value of an NFT is, which is why sales pitches aren’t sitting well with gamers, said Mike Wagner, CEO of Star Atlas, during a GamesBeat and Facebook Gaming Summit.
“A lot of people are perceiving this right now as essentially a cash grab, a way to create some quick revenue with no follow-up, which just isn’t reality,” he said. “What it’s going to take is a lot more education and understanding from the community.”
Wagner was joined by Miko Matsumura, general partner at gumi Cryptos Capital, to talk about blockchain and what’s really in it for gamers, the ways blockchain and NFTs are rocking the gaming world, and what we can expect for the future of blockchain games like Star Atlas, and the metaverse.
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Matsumura pointed out that much of the crypto world is still the wild west, filled with weird crypto projects that don’t represent the kind of innovations that developers and investors are trying to launch.
“Let’s separate the builders and the people delivering triple-A quality gaming and things from people who really are just setting up a shop and doing some money laundering or whatever it
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