NFTs and play-to-earn are future of gaming industry, says EA boss

Wider adoption for nonfungible tokens (NFT) and play-to-earn video games seems to be on the horizon, as one of many greatest names within the gaming trade sees each as the way forward for the trade.

Talking at an earnings name, Andrew Wilson, CEO of main online game firm Digital Arts (EA), mentioned that NFTs and play-to-earn video games are the gaming trade’s future regardless that it’s nonetheless early to determine how that will work.

Extensively often known as a business-oriented firm that makes use of the pay-to-win mannequin in a number of video games, EA has not but tried its hand on the play-to-earn video games. Nevertheless, EA hinted that it had set its sights on blockchain and NFTs, as a job posting from summer season revealed.

The recognition of titles corresponding to Axie Infinity reveals that play-to-earn merchandise might simply discover a stable participant base if the product is well-refined. In such video games, gamers acquire in-game digital property by finishing each day quests, defeating monsters, and besting different gamers in arenas. These property have real-life financial worth and may be offered on crypto exchanges.

Wilson believes that collectible digital content material will play a significant position within the firm’s future, given the truth that it aligns completely with EA’s video games and dwell providers. “So, it’s nonetheless early to inform. However I feel we’re in a very good place, and we must always count on us to form of assume extra innovatively and creatively about that on a go-forward foundation,” he added.

Associated: The Sandbox raises $93M to broaden its NFT metaverse

One other large title within the gaming trade, Murderer’s Creed writer Ubisoft, lately shared that it has intentions for funding in and adoption of blockchain-centric gaming corporations on the platform. Ubisoft was additionally one of many members in NFT recreation developer Animoca Manufacturers’ $65-million funding spherical.