Disdain for crypto and NFTs in games originated from play-to-earn games, says Atari founder
Traditional gamers have long held a strong disdain for crypto and non-fungible tokens (NFTs) infiltrating their gaming experiences. According to Nolan Bushnell, founder of Atari, this animosity can be traced back to the emergence of play-to-earn games that popularized blockchain gaming.
Bushnell explains, "I can tell you clearly where this disdain for crypto comes from. The hatred comes from these play-to-earn games that pioneered blockchain gaming."
He goes on to say that "good gamers don't like to grind. Grinding is shitty. What gamers want is fun, and unfortunately these play-to-earn games are 100% dependent on the greater fool theory to work."
The godfather of video games shares his take on the gaming industry and blockchain technology
In an interview with Cointelegraph, Nolan Bushnell, known as the "godfather of video games," provides his insights on the current gaming landscape and the role of blockchain technology in the industry's future.
Bushnell's contributions to the gaming world include founding Atari and the American dining chain Chuck E. Cheese. He is also one of the fortunate few to have had Steve Jobs as an employee.
Bushnell believes that the future of Web3 gaming hinges on a shift away from play-to-earn dynamics and a renewed focus on creating immersive virtual worlds through virtual reality (VR) and augmented reality (AR) technology.
He explains that the widespread adoption of these new worlds will rely on people's need for socialization and a sense of "place and time" in the virtual economy. According to Bushnell, "If you can provide this sense of real place and real time in virtual worlds, that's when I think we've really got something."
Three pillars for a better gaming experience with blockchain
Bushnell now serves as the chief knowledge officer at Moxy, a blockchain-based esports company, where he highlights three key areas where blockchain can enhance modern gaming.
The first pillar is the seamless and secure transfer of funds. Bushnell emphasizes that to have meaningful competition in gaming, there needs to be a straightforward and secure way to transfer funds.
Next, he points out the utility of smart contracts, which have value not only in games but also in various human interactions. Smart contracts help establish relationships and set the terms of those relationships.
The third area of focus is securely storing the value of digital assets in the form of currencies and tokens.
From skepticism to recognition: Bushnell's journey with cryptocurrency
Bushnell's introduction to cryptocurrency came when he was introduced to Bitcoin by Tether co-founder Brock Pierce. Initially, he didn't pay much attention to crypto. However, he, like many others, became intrigued when the price of Bitcoin began to skyrocket.
Although Bushnell admits to not having significant exposure to cryptocurrencies due to their volatility, he acknowledges the power of shared value perception among humans. He concludes, "Anytime humans are capable of sharing a perception of value en masse, we're usually in the clear."
The future of Web3 gaming, according to Bushnell, lies in moving beyond play-to-earn models and focusing on creating compelling virtual worlds. By leveraging blockchain technology, gaming experiences can be enhanced with secure transfers, smart contracts, and the value storage of digital assets.
Did you miss our previous article...
https://trendinginthenews.com/crypto-currency/ethereums-transition-to-proof-of-stake-one-year-later
