Blockchain and ‘Play to Earn’ Models, according to a former Nintendo president, could benefit gaming experiences

Former Nintendo of America president Reggie Fils-Aimé has shared his thoughts on blockchain and play-to-earn models in the gaming business. The executive stated that he was a huge believer in blockchain technology and that gamers should be able to monetize any products they earned while playing games.

Blockchain Elements Could Be Used in Gaming, According to a Former Nintendo President

 

While typical gamers are still sceptical of blockchain and play-to-earn technology, certain veterans of the gaming business appear to be taking these features more seriously. Reggie Fils-Aimé, who served as President of Nintendo of America from 2006 until his retirement in 2019, is an example of this. Fils-Aimé has been outspoken about the potential significance of these new technologies in gaming, stating on a recent panel at SXSW:

I’m a blockchain believer. Blockchain as a technology intrigues me greatly. In video games, I also believe in the principle of ‘play to own.’

To give an example, a former Nintendo executive claimed that gamers should be able to monetise their time spent playing games in some way. He stated, ”

There are a few games in which I’ve put well over 300 hours… Wouldn’t it be fantastic if I could commercialise what I’ve built when I’m ready to go on to something else?

Fils-Aimé wrapped up by claiming that many people would be interested in buying his island in the Animal Crossing game, introducing a potential application of NFT technology to a current Nintendo franchise.

Nintendo, Blockchain, and the Gaming Industry

 

Nintendo, one of the industry’s pioneering businesses, has been sluggish to innovate by incorporating these components into their games. This does not, however, imply that they are unaware of the potential of these technologies in the future. In fact, Nintendo mentioned the subject in a recent Q&A session, saying that while the firm believes the metaverse has a lot of promise, figuring out “what sort of surprise and fun” these features may provide to users was tough.

Other companies have already entered the world of blockchain technology, either by incorporating it into their investment and business strategies (as Ubisoft and Square Enix have done) or by launching exclusive NFT drops featuring characters from their franchises (as Konami has done with Castlevania).

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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