Former Nintendo Boss Reggie Fils-Aime Believes In The Potential For NFTs And Blockchain
Former Nintendo of America president Reggie Fils-Aime has commented on NFTs and the blockchain, saying he believes these technologies could have substance and value. Speaking to GI.biz, Fils-Aime said it's common for new technologies to be divisive at their onset, pointing to free-to-play and microtransactions as an example.
«I remember the GDC where Satoru Iwata made comments about free-to-play games and how he saw they were a significant danger for the industry,» he said. «And yet here we are today where there are great quality free-to-play games. There are in-game monetization loops that fans are… maybe no one's ever happy to spend money on content, but they don't mind spending money for outfits and things of that nature and they get enjoyment from that.»
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For NFTs and blockchain, the underlying technology behind them «isn't completely proven or sorted yet,» Fils-Aime admitted, and «scams and bad actors» are taking advantage of the situation.
Again, this is history repeating itself, Fils-Aime said. «I'm old enough to remember the earliest days of the internet and the scams and issues,» he said.
Fils-Aime went on to say that he understands the concerns people have about NFTs and the blockchain, but he pushed back against the idea that these technologies are going nowhere. He also said not every blockchain system is bad for the environment.
«So I understand the divisiveness, I really do, and certainly the environmental elements--this is something that has to
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